MGT Capital Investments and its subsidiaries are engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space. Its acquisition strategy is designed to obtain control of assets with a focus on risk mitigation coupled with large potential upside. Its initial acquisitions and primary assets include:
- FanThrowdown.com: Daily fantasy sports wagering.
- Hammercat Studios: Mobile videogames of skill.
- 088 Patent: Video slot machine IP; monetization via legal enforcement.
- Medicsight: Legacy medical imaging patents; monetization via its recent sale.
MGT is poised to become a leading player in Internet and mobile gaming and wagering. It has a strong balance sheet making it well-positioned for additional acquisition and it is led by an experienced management team with its interests aligned with the stockholders.