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MGT eyes social casino market as focus shifts to skill-based slots

18th September 2015 9:08 am GMT

MGT Capital Investments said Thursday that it will focus on developing skill-based slot games for the Nevada and New Jersey markets and launch a new social casino app, following the recent sale of its DraftDay daily fantasy sports offering.

MGT received total consideration of $5.5m from the asset sale, including $250,000 in cash received in July. A further $234,375 will be paid by DraftDay Gaming Group (DDGG), the new entity formed by [...]

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