HARRISON, N.Y., June 6, 2013 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that the Company has hired L. Michael Haller as Executive Vice President, responsible for the digital distribution and creation of a mobile gaming platform. By yearend 2013, the Company plans to launch a platform for wagering on skill-based games in those jurisdictions in which it is legal, presently 36 U.S. states and a large number of foreign countries.
Mr. Haller commented, "Who among us has not dreamed of striking it rich advancing a skill set that is now useful mostly for waiting in line for latte? We expect to offer a user experience second to none that will attract players to various styles of competitive gaming from casual to hardcore. I look forward to working together with the people and resources necessary to deliver our ambition of a full beta test within the next several months."
Mr. Haller joins the Company from the video game industry, with management experience both domestically and internationally in leading new product development and marketing efforts. Most notably, as a member of the THQ, Inc. management team and its Board of Directors beginning in 1998, Mr. Haller was instrumental in taking THQ from near bankruptcy and growing it to the third largest third-party video game publisher in North America. Mr. Haller later served as a Vice President at Electronic Arts, and General Manager of both Dreamworks Interactive and EA Japan, overseeing the development of EA's game-changing franchise, Medal of Honor.Robert Ladd, President and Chief Executive Officer, stated, "With his vast industry experience and contacts, Mike is uniquely qualified to oversee this exciting opportunity for MGT. In addition, we are very satisfied that Mike has agreed to a performance-based employment contract that aligns his interests directly with the Company's shareholders." About MGT Capital Investments, Inc. MGT Capital Investments and its subsidiaries are engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space.