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Stock Market & Financial Investment News

News Breaks
May 10, 2012
11:22 EDTMGTMGT Capital acquires gaming patent
MGT Capital Investments announced the acquisition of patents and underlying technologies with the intent of commercializing and/or enforcing the economic rights to such inventions. The company's first purchase addresses methods of play used in fast-growing popular segments of the slot machine business. The company will also move to selectively exploit its existing global patent portfolio relating to the algorithmic calculation of anomalies in medical images for use in cancer detection. MGT announced that it has agreed to acquire a majority interest in MGT Gaming, which has entered into a binding agreement to acquire U.S. Patent #7,892,088, entitled "Gaming Device Having a Second Separate Bonusing Event." The invention specifically relates to gaming systems linked to an interactive sign, and includes all filed continuation patents.
News For MGT From The Last 14 Days
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March 25, 2015
09:16 EDTMGTMGT Capital and Seneca Gaming to launch daily fantasy sports site
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March 17, 2015
11:22 EDTMGTMGT Capital suspends merger talks with Tera Group
MGT Capital Investments announced that it has suspended discussions with Tera Group, owner of TeraExchange, LLC, a Swap Execution Facility regulated by the Commodity Futures Trading Commission. As previously announced on February 27, the companies had entered into a Letter of Intent in order to finalize and execute a definitive merger agreement. However, the self-imposed deadline of the LOI expired yesterday, and the parties did not reach a binding extension.

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