Condia and 1Ucror Team Up With FanThrowDown
The initial details are just trickling out now, but it looks like Condia and 1Ucror will be working with FanThrowdown in the near future. This is intriguing news for all the “Condia followers” out there, and will be interesting to hear more information comes in. We’re talking with FanThrowdown currently and working on an interview with Brit or Condia in the coming days. In the meantime, here’s the press release:
MGT Subsidiary Inks Top Fantasy Sports Gamers
Leading Fantasy Sports Players to Market FanThrowdown Website; Enhance Player Experience
HARRISON, N.Y., March 5, 2014 /PRNewswire/ — MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that its majority owned subsidiary FanTD LLC has entered into an incentive-based consulting and marketing agreement with an entity formed by Nicholas Dunham and Charles Chon, each of whom are leading daily fantasy sports players. The exclusive relationship will entail input on site design and functionality in order to enhance the player experience, and promotion of the site through a variety of channels, including audio and video media and high visibility events. Mr. Chon operates under the screen name Condia; he is widely regarded as the most skilled competitor in daily fantasy sports, and placed second in FanTD’s $500,000 Football championship in December 2013. Mr. Dunham uses the screen name 1ucror and has participated in hundreds of thousands of daily fantasy sports contests.
Robert Traversa, MGT’s Chief Financial Officer, stated: “We are excited to join forces with the most talented names in the business, and look forward to offering an even better daily fantasy sports playing experience as we expand our site in 2014.” Mr. Dunham added: “After a thorough review of the daily fantasy sports industry, Charles and I decided that MGT is in the perfect position to become a market leader and provides us with a great opportunity. We intend to make MGT’s branded sites the premier destination for daily and weekly fantasy games.”
About MGT Capital Investments, Inc.
MGT and its subsidiaries are engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space, as well as the casino industry.
Subsidiary MGT Studios is publisher of social games and real money games of skill, and will launch www.MGTplay.com and SlotChamp™ in early 2014.
MGT Gaming, a majority owned subsidiary, owns U.S. Patents Nos. 7,892,088 and 8,500,554 relating to certain casino slot machine systems and has filed a patent infringement lawsuit against WMS Gaming (a subsidiary of Scientific Games Corporation), and others. The Company also owns a majority interest in FanTD LLC, the operator of FanThrowdown.com, one of the leading online daily fantasy sports wagering websites. Another majority owned subsidiary, MGT Interactive, owns REAL DEAL POKER™, an innovative online poker technology with a patented card shuffling system, allowing for regulatory transparency and auditability, and a higher level of realism.