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Robert Ladd, Chief Executive Officer of MGT, stated, "We are extremely satisfied that the U. S. Patent and Trademark Office has granted the continuation. In our opinion, this issuance is affirmation of the strong and defensible intellectual property at the core of our patent infringement suit in the U. S. District Court for the Southern District of
Steven Brandstetter, the named inventor of both patents owned by MGT, "We continue to look forward to our day in court to request compensation for our foresight and hard work."
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.
MGT Sports, Inc., a wholly owned subsidiary, owns a majority interest in FanTD LLC, an online daily fantasy sports wagering business. FanTD LLC owns and operates
FanThrowdown.com, one of the leading daily fantasy sports websites. Launched in 2012,
FanThrowdown.com offers daily fantasy gameplay for the NFL, MLB, NCAA (basketball & football), NHL, NBA and professional golf. Its goal is to offer fantasy sports fans the absolute best play environment and the most popular gameplay styles with a perfect balance between user-friendliness and in-depth statistical analysis.
MGT Gaming, Inc., a majority owned subsidiary, 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 (a subsidiary of WMS Industries, Inc.), Penn National Gaming, Inc., and Aruze Gaming America, Inc.
In addition, the Company owns Hammercat Studios, a publisher and developer of videogames for digital distribution in the mobile app space.