MGT Capital Investments (MGT) Reports Q2 Loss of $0.06/Share

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MGT Capital Reports Financial Results for the Second Quarter ending June 30, 2015

August 17, 2015 9:01 AM EDT

HARRISON, N.Y., Aug. 17, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) today reported financial and operational results for the three and six-month periods ended June 30, 2015.

Financial and Operational Results

For the three months ended June 30, 2015, revenues from our fantasy sports business were $249,000, up 15% from the $217,000 recorded in the first quarter of this year. Second quarter 2015 revenues were down 12% from the same quarter in 2014, as the Company adopted a strategy to reduce overlay in its... More