This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MGT Capital Investments, Inc. Retains Mike Levy As Strategic Advisor For Fanthrowdown.com









HARRISON, N.Y., June 12, 2013 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today the appointment of Mike Levy as a senior strategic advisor for the Company's daily fantasy sports business, Fanthrowdown.com. Mr. Levy is the founder and former CEO of SportsLine.com (now CBSSports.com), a leading sports media company that published CBS SportsLine.com, NFL.com, PGA Tour.com and NCAA Sports.com.

(Logo: http://photos.prnewswire.com/prnh/20130409/NY91046LOGO )

Mr. Levy commented, "I am very excited to be involved in the early stages of what clearly will become a very large business opportunity.  The Fanthrowdown technology platform is impressive, and I look forward to working closely with management to formulate strong marketing and sales plans, and also to help structure meaningful strategic partnerships."  

SportsLine,com was founded in 1994 and went public in 1997 on NASDAQ, where it traded until 2004 when CBS acquired the company.  In addition to CBS Sports, Mr. Levy forged alliances with AOL, the NFL, the NBA, MLB, various players' associations and many superstar athletes.  Mr. Levy has also been the subject of numerous articles in Fortune, Business Week and Forbes, including being featured in a Forbes cover story.  He was also named as one of Sporting News 100 most powerful people in sports for three consecutive years.

From 2008 through 2010, Mr. Levy was CEO of OPEN Sports Network, Inc., a next-generation Internet service offering advanced fantasy sports applications. OPEN Sports entered into an agreement with FOX Sports to provide fantasy football products on FOXSports.com for the 2008 and 2009 NFL seasons.

Robert Ladd, President and Chief Executive Officer of MGT, summarized, "Mike is among the original trailblazers in online sports, with broad experience and unparalleled contacts.  In the past several months, we have seen large media/entertainment companies such as Comcast and IAC/Interactive Corporation make investments in the daily fantasy space, and we are thrilled to have someone of Mike's stature overseeing this exciting opportunity for MGT."

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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs