Seeking Alpha

MGT Capital spikes on acquisition of online poker technology

  • MGT Capital (MGT +4.7%) shares spike after the company acquires the Real Deal Poker technology and related assets from Gioia Systems. The system uses patented shuffling machines and permutation re-sequencing to create up to 16K decks/minute that can be then used for online game play.
  • The technology seeks to offer transparency and accuracy in comparison to virtual dealing methods.
  • The purchase includes 7 patents and several website domains, including RealDealPoker.
  • Previous: MGT Capital eyes online gaming in New Jersey
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