HARRISON, N.Y., Sept. 3, 2014 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) would like to congratulate the
winners of the DraftDay Big League Blast tournament
(www.draftday.com). The participation rate was outstanding as the
championship game filled to maximum capacity and the website paid
out $250,000 to thirty of its players
in the tournament. The contest's winner,
screen-named RunItUp, took home $55,000 for first place (as well as
12th place) and many other top players qualified for the
Championship multiple times, boosting their winnings in the
process. Notable winners included MattTruss223, AngryFish,
naapstermaan, and Al_Smizzle. Congratulations to
all! Full commentary can also be accessed on MGT Sports
information portal, www.fantasysportslive.com.
MGT Sports is fully prepared for the start of what will
undoubtedly be the largest daily fantasy sports season ever in
North America. Positioned as
the 3rd largest operator in this burgeoning sector (based on player
activity, guaranteed contest sizes and similar metrics), DraftDay
possesses strong player liquidity and an outstanding user
interface, recently enhanced with the addition of the My
LineUps feature. Moreover, with the recent consolidation
in the industry, DraftDay offers a home for those contestants
favoring a broad spectrum of game styles, in addition to the most
popular salary cap contests.
Tomorrow marks the start of Professional Football – the largest
and most popular fantasy sport. Robert Ladd, Chief Executive Officer of MGT,
stated, "The non-stop nature of investor interest in daily fantasy
sports fully validates the Company's move into this area of skill
based gaming. Valuations of the two larger sites recently took
quantum leaps with the private placement of over $100 million of new venture capital, and we are
looking forward to the future with great expectations."
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.
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.