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Tag Archives: MGT

US – Sportech to buy daily fantasy sports from MGT

MGT Capital Investments is to sell its daily fantasy sports assets including DraftDay, the third largest operator in the daily fantasy sports industry, together with the MGT Sports business-to-business network to Sportech. The transaction will provide MGT with approximately $7m in total consideration, including $4m cash; MGT will also retain an equity interest in the…

US – MGT launches Daily Fantasy Legend

MGT Capital Investments has launched Daily Fantasy Legend, a Facebook-based fantasy sports game where players create teams of athletes from the rosters of major professional sports, and then compete in tournaments on a daily basis. Daily fantasy sports for cash prizes is a rapidly growing online gaming experience, more than doubling in size between Q4…