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MGT Applies For NJ Online Gambling License
Monday July 29, 2013 : MGT CAPITAL APPLIES FOR NJ LICENCE
Go live strategy in place for fantasy sports wagering business
FANTTD LLC's, operator of fantasy sports wagering business FanThrowDown.com, majority shareholder MGT Capital Investments, Inc. has filed an application for a New Jersey Casino Service Industry Enterprise License (CSIE) with the New Jersey state gaming enforcement division.
MGT said its application filed by the deadline date of July 29, 2013 will allow it to be considered for suitability prior to the "go live" date of November 26, 2013 for i-Gaming in New Jersey.
"As we continue to grow in the online and mobile gaming industry, obtaining a New Jersey CSIE license will be an extremely valuable asset for our stockholders," said Robert Ladd, Chief Executive Officer of MGT.
MGT Capital Investments took a controlling interest in FanTD LLC in March this year.
In addition, the Company owns Hammercat Studios, a publisher and developer of videogames for digital distribution in the mobile app space.
In November 2012, MGT Gaming, Inc., also a majority owned subsidiary of MGT Capital Investments, filed a patent infringement suit against Caesars Entertainment Corporation, MGM Resorts International, Inc., WMS Gaming (a subsidiary of WMS Industries, Inc.), Penn National Gaming, Inc., and Aruze Gaming America, Inc. relating to casino gaming systems.
"We are pleased to see that the gaming industry has embraced our patented technology by embedding it in a number of very successful gaming systems. Moreover, it is gratifying to see that many casino patrons find enjoyment in playing theses casino games. However, we deserve fair compensation for their use of our patent. As the cornerstone of our long-term strategy to create shareholder value, we will vigorously enforce our intellectual property portfolio against infringement," Ladd said at the time.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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