HARRISON, N.Y., Dec. 30, 2014 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) is pleased to announce an
exclusive partnership agreement between MGT Sports, owner of
the 3rd largest daily fantasy sports wagering platform,
DraftDay.com, and the leading adult entertainment company,
Vivid Entertainment, LLC. The new partnership will develop
and market a fantasy sports gaming site which will be available
online at VividBetSports.com.
Daily fantasy sports is a multi-billion dollar industry and has
achieved mainstream acceptance as evidenced by recent deals by the
NBA and NHL, and recently launched pay-to-play sites by Sports
Illustrated and USA Today. Adult
websites get more visitors each month than Netflix, Amazon and
Twitter combined, with over 30% of the internet's bandwidth used
for adult content. By partnering the preeminent adult company with
a leader in the daily fantasy sports segment, the companies have
created a marriage between one of the fastest growing internet
business segments and one of the largest sources of unique online
traffic.
Robert Ladd, Chief Executive
Officer of MGT said, "We are deeply excited about working with a
synergistic partner like Vivid. As over 80% of fantasy sports
players are males with a mean age of 34 years, the demographics
show we are addressing the same audience. The Vivid brand has
been in existence for 30 years, and this partnership offers a
dynamic opportunity for millions of Vivid fans to test their skill
in the daily fantasy sports world."
"MGT Sports brings unequalled technical and operating know-how
and we provide access and marketing experience to a loyal and
enthusiastic fan base," said Bill
Asher, Co-Chairman of Vivid Entertainment. "Through
Vivid.com and our other websites we will offer easy one-click
access and the ability to promote the site through Vivid Radio and
Vivid TV, as well as through our other marketing platforms. Daily
fantasy sports gaming is a huge and fast-growing segment and we are
pleased to be affiliated with a company that is leading its
growth."
About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money
gaming sites online and in the mobile space, including ownership of
the 3rd largest daily fantasy sports wagering platform,
www.DraftDay.com. The Company also offers games of skill
through www.MGTplay.com and social casino games
with SlotChamp™, and also operates an online portal for
fantasy sports news and commentary, www.FantasySportsLive.com.
MGT also launched Daily Fantasy Legend in partnership with Facebook
to become the First Daily Fantasy Platform on Social Media. In
addition, the Company owns intellectual property relating to slot
machines and has asserted its claims via patent infringement
lawsuits.
About VIVID Entertainment, LLC.
Founded in 1984, vertically integrated Vivid Entertainment,
known as the leading source for quality adult film entertainment,
has created wide brand-name awareness through its films, innovative
marketing and licensing programs. Vivid-branded products range from
condoms to vodka to apparel to gentlemen's clubs. Vivid's movies
are seen online, in DVD, VOD and on VividTV
worldwide. Its Vivid-Celeb imprint made "celebrity sex
tape" a household word and helped launch the Kardashian phenomenon
in the process. Vivid is the most awarded studio in the history of
the industry. Vivid Radio—Vivid's 24/7 radio channel—is
available on vividradio .com on the SiriusXM app. For more on
Vivid visit twitter.com/VividCorp or
facebook.com/Vivid.
Forward-looking Statements
This press release contains
forward-looking statements. The words or phrases "would be," "will
allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated," "estimate," "project," or
similar expressions are intended to identify "forward-looking
statements." MGT's financial and operational results reflected
above should not be construed by any means as representative of the
current or future value of its common stock. All information set
forth in this news release, except historical and factual
information, represents forward-looking statements. This includes
all statements about the Company's plans, beliefs, estimates and
expectations. These statements are based on current estimates and
projections, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These risks and uncertainties include
issues related to: rapidly changing technology and evolving
standards in the industries in which the Company and its
subsidiaries operate; the ability to obtain sufficient funding to
continue operations, maintain adequate cash flow, profitably
exploit new business, license and sign new agreements; the
unpredictable nature of consumer preferences; and other factors set
forth in the Company's most recently filed annual report and
registration statement. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect
management's analysis only as of the date hereof. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof. Readers should carefully review the risks and
uncertainties described in other documents that the Company files
from time to time with the U.S. Securities and Exchange
Commission.
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SOURCE MGT Capital Investments, Inc.