Fantasy sports may be the pastime of millions, but MGT Capital Investments, Inc. (NYSE MKT: MGT) and Fanwars LLC inked a marketing deal that means real money in the multi-billion dollar industry. —
The combination of DraftDay.com from MGT Capital Investments (a leader in Internet and mobile gaming and wagering) and Fanwars LLC’s FanWars.com, a US-based daily fantasy football website, brings an unprecedented platform and tournament environment as well as increased player liquidity in their fantasy sports websites.
"We are very excited about this deal — it allows us to offer players many more contest options and larger prize pools." said Kevin De Vincenzi, CEO of Fanwars LLC.
Robert Ladd, President and CEO of DraftDay said, "DraftDay is thrilled to be strategically aligned with Fanwars. By utilizing the FanWars.com brand and their team's marketing expertise this allows us to create an enhanced user experience with additional player liquidity to our platform. We will be creating a fundamentally new and incredibly powerful way for our users to play daily fantasy sports.”
De Vincenzi added that the deal brings the sort of high-stakes, big-payout action to fantasy sports that many players crave. "The strengths each of our companies bring to this agreement only benefits our combined pool of players. Fantasy sports can be just as competitive as the real thing, and we are excited to see how our players will take to this new level of skill and rewards."
About MGT Capital Investments, Inc.:
MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform, www.DraftDay.com. The Company also offers games of skill throughwww.MGTplay.com and social casino games with SlotChamp™, and has created an online portal for fantasy sports news and commentary,www.FantasySportsLive.com. In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.
About FanWars.com and Fanwars LLC:
FANWARS™ is a daily fantasy sports platform created with the player in mind. More action, More data, and higher engagement. Founded in the entertainment capital of the world Las Vegas, Nevada. Our team and culture is comprised of the top sports enthusiasts and internet marketers. Responsible for accelerating traffic and user engagement for many different companies. FanWars owns intellectual property in the sports entertainment, gaming, and internet marketing arena.
Release ID: 68556