HARRISON, N.Y., March 25, 2015 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) announced today that Seneca
Gaming Corporation will be joining the MGTSports daily fantasy
network (anchored by MGT's own DraftDay). Players at the three
Seneca Resorts & Casino properties – Seneca Niagara Resort
& Casino, Seneca Allegany Resort & Casino, and Seneca Buffalo Creek Casino - will be able to
play their favorite fantasy sports on an easy to use website
featuring multiple game formats in seven sports. The site will be
available for play online, plus will feature the addition of
exclusive games to be held on property in which players can win
cash prizes and other unique offerings.
Robert Traversa, Chief Financial
Officer of MGT, stated, "We are extremely excited to be the first
daily fantasy sports site to be working with the three world class
Seneca properties in Western New
York -- home to some of the most passionate sports fans in
the world."
Daily games will include pro and college football, baseball,
hockey, golf, and pro basketball. Plans are also underway to
integrate the Seneca Players Club program into the platform,
allowing members to earn rewards and benefits as they play. Players
Club members will also have the opportunity to win exclusive
destination events to be held at Seneca Niagara Resort &
Casino, the company's flagship resort in Niagara Falls, New York. Looking ahead, during
baseball and football seasons, the gaming floor can be expected to
have a heightened level of excitement!
Audrey Oswell, Chief Operating
Officer of Seneca Gaming Corporation said, "Seneca Gaming
Corporation has always been focused on providing our guests the
best and most exciting gaming and entertainment atmosphere
possible. This agreement with MGT affords guests at our Seneca
Resorts & Casinos properties an exciting new experience to
enjoy. Daily fantasy sports are extremely popular and we expect a
growing number of our guests to enjoy this skill-based game in the
coming years."
About MGT Capital Investments, Inc.
MGT Capital and
its subsidiaries operate real money and social gaming sites online
and in the mobile space, including ownership of DraftDay.com, the
third largest daily fantasy sports wagering platform. MGTSports.com
offers a turnkey solution to allow brands the ability to join its
active Daily Fantasy Sports Network. DailyFantasyLegend.com, built
in partnership with Facebook, is the first virtual currency daily
fantasy sports platform. MGTplay.com offers competitive games
of skill playable for real money.
About Seneca Gaming Corporation
Seneca Gaming
Corporation (SGC) is a wholly owned, chartered corporation of the
sovereign Seneca Nation of Indians
(Nation) which operates all of the Nation's Class III gaming
operations in the Western New York
region. SGC, through its wholly owned subsidiaries, operate under
on sovereign Seneca lands and under the following trade names:
Seneca Niagara Resort & Casino in Niagara Falls, New York, Seneca Allegany
Resort & Casino in Salamanca, New
York, and Seneca Buffalo Creek
Casino in Buffalo, New
York.
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.