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Stock Market & Financial Investment News

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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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September 2, 2014
12:50 EDTMGTMGT Capital comments on recent trading activity of its common stock
MGT Capital Investments was notified by the NYSE MKT of unusual trading activity in its stock, and the Exchange requested the company to respond by press release to the unusual activity. The company's general policy is not to comment on market rumors or speculation, including unusual market activity, and instead urges investors to look to the company's filings with the SEC and its official press releases. Shares of MGT Capital are up 27% in afternoon trading.

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