- 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.
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MGT Capital spikes on acquisition of online poker technology
Sep 4 2013, 10:45 ET