MGT Capital Investments Inc. (MGTI)

[ihaveanorangebike]

$24 Million Investment In DraftKings Should Shake Up The Daily Fantasy Sports Space

This is big news as it relates to MGT. Of course DraftKings is a competitor and is much bigger than FanThrowdown at the moment. However, for reasons I have stated prior, that doesn't matter. This deal shows that the valuation for these daily fantasy sports sites is growing rapidly. As I mentioned before (and shared the links from other articles), MGT is really the only buyable stock in the daily fantasy sports sector. Really the only stock that can reflect the growth in it's share price. If they are able to stay within the top 5 daily fantasy sites, and even if if they only capture 5% of the overall annual market, that would be potentially big revenue for such a small company:

http://www.forbes.com/sites/darrenheitner/2013/11/26/daily-fantasy-sports-provider-draftkings-secures-substantial-amount-of-series-b-funding/