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September 4, 2013
09:15 EDTMGTMGT Capital acquires online poker technology
MGT Capital announced that its majority owned subsidiary MGT Interactive has acquired certain assets from Gioia Systems, the inventor and owner of a proprietary method of card shuffling for the online poker market. Trademarked under the name Real Deal Poker, the technology uses patented shuffling machines, along with permutation re-sequencing, allowing for the creation of up to 16,000 decks per minute in real time. Each newly created deck is then "dealt" for a hand of online poker, complete with burn cards and the option for a player to "cut" the deck. In addition to providing a higher level of realism, each deck provides an authentic randomized deal and full audit trail; both missing from currently used random number generating algorithms.
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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