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MGT Capital Investments, Inc. Message Board

  • investora2z investora2z Oct 26, 2013 7:54 AM Flag

    SA article

    The court ruling was positive in the sense that the venue will not be changed, and the claims of direct infringement have not been dismissed. This is good because it will avoid further delays in the case due to transfer etc. Further, since the claims have not been dismissed, the first hurdle has been definitely crossed. The Aruze and Penn lawsuits will not be split, but the court granted the motion to sever the action against WMS, Caesars and MGM. This is not that bad anyway. However, the court granted defendants' motion to dismiss contributory and induced infringement claims, and the court granted defendants' motion to pause proceedings against MGM, Caesars and Penn. This is because the court viewed these as retailers who did not necessarily have detailed knowledge about slot machines they operated. So first the manufacturers need to be found guilty of infringing patents, and then the users will be tried. As mentioned by Greg Miller on seekingalpha, the ruling is very much positive for MGT. So, as of now, the Markman hearing will be held in June next year. However, he has put in his money in MGT mainly for the prospects related to the fantasy daily sports business. This is because of the growth potential of that segment. He mentions prospects of exponential growth (2000%) over the next 7 years. The daily segment will only increase in popularity over time. If MGT is able to leverage this growth story, that will be the real game changer for the company. The awards / settlement related to the lawsuits will be bonus events, so to say. The size of the awards can surely make them bigger than a bonus. The company needs to provide more information about the progress of the Fantasy sports business from time to time. That will help the investors remain aware of possibilities.

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