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MGT Capital Investments, Inc. Message Board

  • investora2z investora2z Jun 8, 2013 11:07 PM Flag

    More focus on wagering business

    The appointment of an Executive Vice President for digital distribution and creation of mobile gaming platform indicates that the focus of the company will shift majorly to building the operating side of the business. This was also apparent from the presentation put up on the website of the company. The other part of the expected operations, the fantasy sports wagering business, will also need an increased focus and concrete steps. Fantasy sports wagering and skill-based video games wagering is legal in several States and foreign countries. MGT is trying to leverage the potential of the business to get an operational side going, and to establish its presence in these sectors over time. For investors, it is important that more details are disclosed about the forecasts and expectations from the businesses so that one can understand the time line and the magnitude of the impact. So the management needs to keep investors posted on the news about investments, marketing plans, other major steps, broad plans etc. Impact of these may take time as this is more of a long term story. Success of these ventures will depend on how the management handles it, and also the availability of resources from time to time. The $1.5 million received from sale of Medicsight patents is to be used in the skill-based gaming space. The short term triggers will result from the news related to the patent infringement lawsuit filed against casino gaming companies. Earlier there were reports that there may be some news on this by the end of May. Nothing has come out yet, but any news related to fixing of the Markman hearing etc. will definitely increase the excitement about the stock. There has been a decline in the stock recently and the next few sessions will indicate whether the correction is over.

 
MGT
3.19-0.05(-1.54%)Aug 26 4:00 PMEDT