MGT Capital Investments Inc (MGT) Company Profile
MGT Capital Investments, Inc. and its subsidiaries engage in acquiring, developing, and monetizing assets in the online and mobile gaming space. The company, through its wholly owned subsidiary, MGT Sports, Inc., owns a majority interest in FanTD LLC, an online daily fantasy sports wagering business. FanTD LLC owns and operates FanThrowdown.com, a daily fantasy sports website. FanThrowdown.com offers daily fantasy gameplay for the NFL, MLB, NCAA (basketball & football), NHL, NBA, and professional golf. MGT Capitals majority owned subsidiary, MGT Gaming, Inc., owns U.S. patent relating to casino gaming systems. In addition, the company owns Hammercat Studios, a publisher and developer of videogames for digital distribution in the mobile app space. The company was formerly known as Medicsight Inc. and changed its name to MGT Capital Investments, Inc. in January 2007. MGT Capital Investments, Inc. was founded in 1979 and is based in Harrison, New York.
MGT Capital Investments Inc (MGT) Company Profile
MGT Capital Investments, Inc (MGT), incorporated in 1977, is a holding company. As of December 31, 2011, the Company was analyzing potential acquisition opportunities in healthcare marketing and technology, as well as various intellectual property assets. The Company has a controlling interest in Medicsight ltd (Medicsight) and its subsidiaries Medicsight, Inc., Medicsight KK (Japan), Medicsight Pty Limited (Australia), Medicsight FZE (UAE), MedicEndo Limited (UAE), MedicCO2lon Limited (UAE) and Medicsight UK Limited (UK). The Company also have wholly owned subsidiaries MGT Capital Investments (UK) Limited, MGT Investments (Gibraltar) Limited, and Medicsight. Medicsight and its wholly owned subsidiaries is a medical technology company focusing on medical imaging software development and medical hardware devices. On March 29, 2011 the Company disposed of its 49% holding in Moneygate Group Limited (Moneygate). In September 2013, MGT Capital Investments, Inc MGT Interactiv e, LLC acquired certain assets from Gioia Systems LLC.
Medicsight’s core technology is the ColonCAD algorithm that is integrated (using application protocol interface (API) technology) into visualization workstations for radiologists to use when reviewing a patient’s colon computer tomography (CT) scan data. The computer-aided detection (CAD) algorithm assists the radiologist as they search for polyps in the CT scan image data. The radiologist uses the visualization software to review the patient’s CT scan images on the screen and searches for polyps (potentially pre-cancerous lesions on the wall of the colon). After a full review, the radiologist then activates the Medicsight ColonCAD software, which immediately displays CAD marks on the images, drawing the radiologist’s attention to potential polyps and other regions of interest. The radiologist then assesses each marked region in order to make the final decision as to the presence or absence of a poly p.
In addition to the computer aided detection! software applications, Medicsight has developed an automated carbon dioxide (CO2) insufflation device, MedicCO2LON. A patient undergoing a CT colon scan requires the colon to be insufflated (distended) with either CO2 gas or room air administered prior to the acquisition of their CT colonography images. MedicCO2LON is designed to provide insufflation, for the acquisition of images from the CT colonography examination.
The Company competes with GE, Hitachi, Philips, Siemens and Toshiba.
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