Posted On: 10/14/2013 2:51:13 PM
Post# of 25574
MGT >Company Highlights
MGT Interactive Excites the Crowd at G2E 2013 with REAL DEAL POKER™
Huge chart bounce play as the pps enters oversold territory
Patented System Bringing Real Cards to Online Poker is featured on an NBC TV Affiliate News Broadcast
Acquisition strategy designed to obtain control of assets with a focus on risk mitigation and large potential upside. First property provides large recovery estimate from infringement by casinos and slot machine manufacturers.
MGT Gaming, Inc. owns U.S. Patent No. 7,892,088 relating to casino gaming systems. In November 2012, MGT Gaming filed a patent infringement suit against Caesars Entertainment Corporation, MGM Resorts International, Inc., WMS Gaming, Inc. - a subsidiary of WMS Industries, Inc., Penn National Gaming, Inc. and Aruze Gaming America, Inc.
MGT Sports, Inc. has reached an agreement to acquire a controlling interest in FanTD LLC, marking the Company's initial venture in the online and mobile gaming and wagering space. The Company intends to be a leader in the legal online and mobile skilled gaming industry.
Wholly-owned subsidiary, Medicsight, Inc. is a medical technology company with operations and global patent portfolio of imaging software and hardware devices. Regulatory approvals include CE Mark and U.S. FDA clearance. Medicsight's assets are presently for sale.
Large insider ownership aligns interest of management and stockholders.
Cash-rich balance sheet and access to additional capital has MGT well-positioned for additional acquisitions.
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