Thursday, May 9, 2013

Fantasy Sports Betting Boom Gives Investors Several Opportunities

Americans' attendance at sporting events has been steadily increasing over the past decade, but their fantasy participation has been growing at an even quicker rate.

A small player that entered the market is a company called MGT Capital Investments (MGT). The company is primarily engaged in the business of acquiring, developing and monetizing intellectual property rights. On April 22, the company announced that its wholly owned subsidiary, MGT Sports, Inc., has reached an agreement to acquire a controlling interest in FanTD LLC, marking the company's initial venture in the online and mobile gaming and wagering space.

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