This Day On The Street
Continue to site
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

MGT Capital Investments, Inc. Expands Its Daily Fantasy Sports Business

HARRISON, N.Y., July 23, 2013 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today the purchase of certain assets from Fantasy Day Sports, Corp., operator of the industry's original daily fantasy sports website, and from Daily Joust, Inc., which operates another popular destination for daily fantasy sports players.  Since the launch of its pioneering website,, in 2007, Fantasy Day Sports has paid out millions in cash prizes.  On, users have enjoyed over two years of exciting and innovative contests.


In addition, on Sunday, July 21, 2013, FanThrowdown announced the largest promotion in its history, with a "Grand Slam" event with $100,000 in prizes.  This promotion was launched with the participation of, the industry's best-known and respected daily fantasy sports news, advice and statistical site.

Daily fantasy sports compress the timeframe of traditional fantasy sports from multi-month seasons into 24-hour periods, and is the fastest growing segment of the 30 million-player fantasy sports industry.  Players select a roster of athletes across all popular sports, and winnings are determined by the same-day performance of these rosters.  The financial attractiveness of daily fantasy sports has been demonstrated by recent investments in the space from major entertainment conglomerates Comcast and Interactive Corporation.

Robert Traversa, Chief Financial Officer of MGT, commented, "We are extremely pleased to add these asset purchases that enhance as a leader in daily fantasy.  We welcome the new players to our solid technology base and exciting gameplay.  MGT also continues to explore relationships with established media and internet companies to support our expansion for this rapid growth."

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 -0.60%
FB $101.91 0.90%
GOOG $683.11 -0.15%
TSLA $150.47 4.73%
YHOO $26.76 -1.25%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs