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MGT Capital reduces Q3 operating loss as revenue rises

19th November 2014 7:39 am GMT

MGT Capital Investments, the online gaming and fantasy sports operator, said that it expects to report revenue of more than $2.0m for the full 2014 year, based on contributions from several of its white-label deals and its growing DraftDay platform.

In its third quarter results, MGT reported total revenue of $297,000, up from $40,000 a year ago, with gross margin accounting for 43 per cent of the total at $129,000.Operating expenses fell by 42 per [...]

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