HARRISON, N.Y., Sept. 24, 2014 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) announced today that its daily
fantasy sports online gaming platform will be featured next week at
the Global Gaming Expo (G2E) in Las Vegas, Nevada from September
30th through October 2nd at the Sands Expo and Convention
Center. The MGT Sports platform (www.mgtsports.com) will be
demonstrated as value-added content for an interactive video table
being demonstrated by its manufacturer SHIFT Interactive, a
division of Suzo-Happ (http://www.shiftinteractive.info/) at Booth
#4233.
MGT Sports can customize a version of its popular DraftDay
(www.draftday.com) software to permit branding by third parties,
and also ensure the network integrity and player liquidity of the
Company's full network of daily fantasy sports sites. In
addition to DraftDay, positioned as the 3rd largest operator in
this burgeoning sector (based on player activity, guaranteed
contest sizes, and similar metrics), the MGT Sports network
includes FanThrowdown.com and VegasInsider.com.
Robert Traversa, MGT's Chief
Financial Officer, stated, "The MGT Daily Fantasy Sports Network
provides a risk free way for brands to enter the daily fantasy
sports space. Our technology team can create a 'white label'
offering with the full feature set expected by gamers, and the
compliance needs of operators."
SHIFT Interactive's new InteractivePro™ Table (IPT) offers a
unique 10-point multi-touch experience suitable for a wide range of
applications including video and interactive entertainment in bars,
casino floors, and restaurants. Each IPT allows up to four
simultaneous user screens and comes in configurations of varying
heights. All are manufactured from industrial grade
components, ensuring high reliability and suitability to withstand
harsh public environments.
Darren White, Executive Vice
President & General Manager of SHIFT Interactive, added, "We
are excited to offer daily fantasy sports gaming through MGT Sports
as a feature on our innovative product. We continue to develop new
capabilities and solutions for our customers as a leading innovator
of interactive technologies."
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,
www.DraftDay.com. The Company also offers games of skill
through www.MGTplay.com and social casino games with
SlotChamp™, and has created an online portal for fantasy
sports news and commentary, www.FantasySportsLive.com. In
addition, the Company owns intellectual property relating to slot
machines and has asserted its claims via patent infringement
lawsuits.
About Suzo-Happ Group
Suzo-Happ provides highly engineered component solutions for
interactive self-service hardware to the global amusement, gaming,
industrial, transportation and vending markets by serving both
equipment operators and original equipment manufacturers.
Suzo-Happ's solutions include control devices and systems, currency
handling equipment, display solutions, environmental products,
machine operation components and payment systems. With
approximately 700 global employees in 13 countries serving more
than 25,000 customers worldwide, Suzo-Happ has manufacturing,
engineering, distribution and service facilities in 13 countries
globally. More information is available at
www.suzohapp.com Suzo-Happ is owned by affiliates of ACON
Investments, L.L.C., a Washington,
D.C.-based private equity investment firm that has managed
over $3.5 billion of capital.
For more information, visit www.aconinvestments.com.
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.
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SOURCE MGT Capital Investments, Inc.