MGT launches online skilled gaming platform, MGTPlay.com

NEW DELHI, INDIA: MGT Capital Investments 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 year-end.

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.

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 2 million current US social users of the M2P platform who will now be able to participate for real money.

Jeremy Avin, GM of MGT Studios, will lead the new venture under the brand. The partnership includes exclusive rights to North and South America, and equity cross-investment in the respective parent companies.