MGT Capital Investments Inc. (MGTI)

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MGT Announces Launch of Online Skilled Gaming Platform, MGTPlay.com

http://ir.stockpr.com/mgtci/company-news/detail/514

Website to Offer Cash Wagering on Arcade-Style Games

HARRISON, N.Y., Dec. 5, 2013 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that it has partnered with Germany-based M2P Entertainment GmbH to offer M2P's highly successful skill-based gaming platform to players in the United States by yearend. Since launching in 2012, M2P has delivered over 12 million installed apps of popular games it has created for facebook, and is currently offering over $200,000 per week in prize money on its flagship property http://www.m2p.com. The joint venture between MGT Studios, a wholly owned subsidiary of MGT, and M2P will leverage this successful model by offering online cash games to the audiences of MGT's existing properties and to the over two million current U.S. social users of the M2P platform who will now be able to participate for real money. Adults from approved states will be able to compete head-to-head or in tournaments to win cash prizes in several game genres including puzzles, sports, strategy, and cards. The partnership will incorporate the technical and marketing talents from both companies to enhance the game offerings and make important updates for the U.S. audience.

(Logo: http://photos.prnewswire.com/prnh/20130409/NY91046LOGO )

Jeremy Avin, General Manager of MGT Studios, will lead the new venture under the brand MGTPlay (http://www.mgtplay.com); the partnership includes exclusive rights to North and South America, and equity cross-investment in the respective parent companies. Mr. Avin stated, "We are thrilled to be working with M2P to expand the geographic reach of its already successful games and to introduce exciting new games. Moreover, we expect to hit the ground running given the head start afforded by built-in liquidity, as players can be matched worldwide."

Robert Ladd, MGT's Chief Executive Officer, added, "Today's announcement is a defining advancement of our skilled gaming efforts. We intend to be a leader in this rapidly growing space."

Bjorn Kaufmann, Director of M2P, added, "We have had much success in the European market and believe now is the perfect time to expand to the United States. MGT's talented team makes them a great partner for us, and together we look forward to having a large presence in the U.S. skilled gaming market."

MGT will hold an investor conference call on Tuesday, December 17, 2013 to provide more detail on today's announcement and other recent transactions. Management will discuss its goals and outlook for 2014, and answer questions from participants. Further details will be provided as the date approaches.