MGT Provides Update on Patent Infringement Action

One of Two Lawsuits to be Transferred to Illinois

Apr 24, 2014, 09:11 ET from MGT Capital Investments, Inc.

HARRISON, N.Y., April 24, 2014 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) was informed on April 23, 2014 that the United States Court of Appeals for the Federal Circuit ruled on a Petition for Writ of Mandamus, sought by WMS Gaming, Inc., a defendant in one of MGT's patent infringement lawsuits.  Mandamus was granted, thereby vacating the decision of the United States District Court for the Southern District of Mississippi that denied a motion by WMS to transfer the case to the United States District Court for the Northern District of Illinois.  As a consequence, this case will be moved to Illinois.

Yesterday's decision does not impact MGT's ongoing action in Mississippi against Aruze Gaming, Inc.  As previously disclosed, a Markman Hearing (also known as a claims construction hearing) has been scheduled in that case for September 25, 2014 in Jackson, MS.  Moreover, yesterday's decision has no bearing with respect to the merits of the Company's allegations in any of its patent infringement lawsuits.

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 4th largest daily fantasy sports wagering platform,  In May 2014, the Company also expects to offer games of skill through and social casino games with SlotChamp™, and is building an online portal for fantasy sports news and commentary,  In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

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SOURCE MGT Capital Investments, Inc.