MGT Gaming and Aruze Gaming America Settle Litigation

Aug 19, 2015, 09:00 ET from MGT Capital Investments, Inc.

HARRISON, N.Y., Aug. 19, 2015 /PRNewswire/ -- MGT Gaming, Inc., a subsidiary of MGT Capital Investments, Inc. (NYSE MKT: MGT), today announced that it and Aruze Gaming America along with Aruze affiliates have settled their litigation and will end all related proceedings in the United States Patent and Trademark Office.

The pending litigation in the United States District Court for the Southern District of Mississippi (Jackson Division), in which MGT Gaming alleged infringement of U.S. Patent Nos. 7,892,088 and 8,500,554 by Aruze Gaming America's products known by the trade names "Paradise Fishing" and "Amazon Fishing," will be dismissed with prejudice. The parties will also file motions to terminate the Inter Partes Reviews filed by the Aruze entities with the United States Patent Trial and Appeal Board involving the same MGT patents.

About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform,  The Company also offers games of skill through and social casino games with SlotChamp™. MGT also launched Daily Fantasy Legend in partnership with Facebook to become the first daily fantasy sports platform on social media. In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

Forward-looking Statements
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SOURCE MGT Capital Investments, Inc.