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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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August 19, 2015
09:08 EDTMGTMGT Capital and Aruze Gaming America settle litigation
MGT Capital subsidiary MGT Gaming and Aruze Gaming America along with Aruze affiliates have settled their litigation and will end all related proceedings in the USPTO. The pending litigation in the U.S. District Court for the Southern District of Mississippi, in which MGT Gaming alleged infringement of two U.S. patents by Aruze Gaming America's products known by the trade names "Paradise Fishing" and "Amazon Fishing," will be dismissed with prejudice. The parties will also file motions to terminate the Inter Partes Reviews filed by the Aruze entities with the United States Patent Trial and Appeal Board involving the same MGT patents.

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