MGT Capital Investments and Seneca Gaming Corporation to Launch Daily Fantasy Sports Site

HARRISON, N.Y., March 25, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that Seneca Gaming Corporation will be joining the MGTSports daily fantasy network (anchored by MGT's own DraftDay). Players at the three Seneca Resorts & Casino properties – Seneca Niagara Resort & Casino, Seneca Allegany Resort & Casino, and Seneca Buffalo Creek Casino - will be able to play their favorite fantasy sports on an easy to use website featuring multiple game formats in seven sports. The site will be available for play online, plus will feature the addition of exclusive games to be held on property in which players can win cash prizes and other unique offerings.

Robert Traversa, Chief Financial Officer of MGT, stated, "We are extremely excited to be the first daily fantasy sports site to be working with the three world class Seneca properties in Western New York -- home to some of the most passionate sports fans in the world."

Daily games will include pro and college football, baseball, hockey, golf, and pro basketball. Plans are also underway to integrate the Seneca Players Club program into the platform, allowing members to earn rewards and benefits as they play. Players Club members will also have the opportunity to win exclusive destination events to be held at Seneca Niagara Resort & Casino, the company's flagship resort in Niagara Falls, New York. Looking ahead, during baseball and football seasons, the gaming floor can be expected to have a heightened level of excitement!

Audrey Oswell, Chief Operating Officer of Seneca Gaming Corporation said, "Seneca Gaming Corporation has always been focused on providing our guests the best and most exciting gaming and entertainment atmosphere possible. This agreement with MGT affords guests at our Seneca Resorts & Casinos properties an exciting new experience to enjoy. Daily fantasy sports are extremely popular and we expect a growing number of our guests to enjoy this skill-based game in the coming years."

About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate real money and social gaming sites online and in the mobile space, including ownership of DraftDay.com, the third largest daily fantasy sports wagering platform. MGTSports.com offers a turnkey solution to allow brands the ability to join its active Daily Fantasy Sports Network. DailyFantasyLegend.com, built in partnership with Facebook, is the first virtual currency daily fantasy sports platform.  MGTplay.com offers competitive games of skill playable for real money.

About Seneca Gaming Corporation 
Seneca Gaming Corporation (SGC) is a wholly owned, chartered corporation of the sovereign Seneca Nation of Indians (Nation) which operates all of the Nation's Class III gaming operations in the Western New York region. SGC, through its wholly owned subsidiaries, operate under on sovereign Seneca lands and under the following trade names: Seneca Niagara Resort & Casino in Niagara Falls, New York, Seneca Allegany Resort & Casino in Salamanca, New York, and Seneca Buffalo Creek Casino in Buffalo, New York.

Forward-looking Statements
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

SOURCE MGT Capital Investments, Inc.

Related Links

http://www.mgtci.com