M.g.t. Capital Launches Skill Gaming Website

M.G.T. CAPITAL LAUNCHES SKILL GAMING WEBSITE

05th June, 2014 at 04:21:59
Source: http://www.azonlinecasinos.com

MGTplay.com now operational in the USA.

New York-based MGT Capital Investments, Inc. has announced the commercial launch of its real money skill-based gaming website, mgtplay.com.

The site offers a range of professionally designed games allowing registered players the opportunity to wager and win cash, in one-on-one play or tournaments.

Skill-based games allow players to compete head-to-head with one another via the Internet for small stakes.

MGT Play hosts online competitions in popular casual game genres including Cards, Sports, Puzzles, Strategy and Arcade, in both play-for-fun and real-money mode.

The company boasts that it has already handed out over $10 million in annual winnings on MGT Play's partner site in Germany.

The USA skill based gaming industry saw revenue of $2.5 billion in 2013, and is projected to surpass $9 billion in annual revenue by 2017, according to a national consumer study conducted by Frank N. Magid Associates recently.

Skill based gaming distinguishes itself from gambling in that skill gamers win based on skill while gamblers win based on luck. Online skill based gaming is legal in 33 US states.

MGTPlay general manager Jeremy Avin said Thursday:

"With the launch of MGTplay.com, we are now in a position to fully monetize our subsidiary MGT Studios with the first of two ventures. MGT Play presents the top games in a sleek design offering users competitive and quality choices in online gaming entertainment.

"Research shows that 8% of the USA population currently plays skill based games for money online, and that figure stands to grow with the emerging mobile market. By partnering with an established company, M2P Entertainment GmbH, MGT has a strong foothold in this fledgling industry."

Related News Tags:



« News index »



INDONESIAN ONLINE GAMBLING BUST

21st March, 2017 at 14:44:19
Nets three suspects.

ENERGYCASINO TAKE ON LIVE DEALER SOLUTION FROM EVOLUTION GAMING

20th March, 2017 at 15:15:56
Expanded live casino offer for UK market.

SECOND GERMAN STATE TREATY ON GAMBLING APPROVED BY BUNDESTAG

17th March, 2017 at 14:21:15
Lower house rejects European Commission opinion that latest gambling reform proposals are not viable.

MYBET BOOSTS LIVE CASINO WITH EVOLUTION GAMING

14th March, 2017 at 06:37:43
Forms part of a wider revamp across the mybet brand.

POKERSTARS CASINO MAKES THREE MILLIONAIRES IN ONE MONTH

10th March, 2017 at 19:59:37
Over $4.2 million won from million dollar jackpots at PokerStars Casino in 27 days from end-January to end-February this year..