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Stock Market & Financial Investment News

News Breaks
July 8, 2014
08:17 EDTMGTMGT Capital subsidiary to focus litigation efforts against Aruze Gaming America
MGT Gaming, a subsidiary of MGT Capital Investments, announced that it has made a strategic decision to focus its resources and litigation efforts against Aruze Gaming America, in the U.S. District Court for the Southern District of Mississippi, in which MGT Gaming alleges infringement of U.S. Patent Nos. 7,892,088 and 8,500,554 by Aruze Gaming America's products known by the trade names "Paradise Fishing" and "Amazon Fishing." Accordingly, MGT Gaming has dismissed its lawsuits against WMS Gaming. MGT Gaming and WMS Gaming will file a joint motion to terminate the Inter Partes Review, or IPR, with the U.S. Patent Trial and Appeal Board involving MGT Gaming's U.S. Patent No. 7,892,088.
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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