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TheStreet Open House

MGT Capital Asserts New Patent In Infringement Lawsuit

HARRISON, N.Y., Sept. 9, 2013 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that its majority owned subsidiary MGT Gaming, Inc. was recently granted U.S. Patent No. 8,500,554 (the "554 Patent"), directed to a gaming system in which a bonus game is played on an interactive display.

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

The Company also announced that it has filed an Amended Complaint with the U.S. District Court for the Southern District of Mississippi seeking to add allegations that defendants in its currently-pending patent infringement lawsuit, (Case 3:12-cv-00741-CWR-FKB), infringe the new '554 patent. The accused products in this lawsuit include at least those identified under the trade names: PARADISE FISHING and AMAZON FISHING (manufactured and distributed by Aruze Gaming, and in use at casinos owned and operated by Caesars Entertainment, MGM Resorts and Penn National Gaming); PIRATE BATTLE and CLUE (manufactured and distributed by WMS Gaming, and in use at casinos owned and operated by MGM Resorts and Caesars Entertainment); and BATTLESHIP, STAR TREK BATTLE STATIONS, MONOPOLY BIGGER EVENT, and CASTLE KING (all manufactured and distributed by WMS Gaming).

"We are very pleased to add this new patent to our intellectual property assets," said Robert Ladd, MGT CEO and President.  "Our portfolio consists of quality, fundamental patents that we believe will strengthen our licensing efforts to the casino gaming industry." 

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 Nos. 7,892,088 and 8,500,554 relating to casino gaming systems. In November 2012, MGT Gaming filed a patent infringement suit against Caesars Entertainment Corp., MGM Resorts International, Inc., WMS Gaming (a subsidiary of WMS Industries, Inc.), Penn National Gaming, Inc., and Aruze Gaming America, Inc.

MGT Interactive, Inc., a majority owned subsidiary, owns REAL DEAL POKERâ„¢, an innovative online poker technology with a patented card shuffling system, allowing for regulatory transparency and a higher level of realism.  Real Deal Poker intends to exhibit at G2E 2013 (booth 4828i) in Las Vegas, Nevada from September 24-26, 2013.

In addition, the Company owns Hammercat Studios, a publisher and developer of videogames for digital distribution in the mobile app space.

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