MGT Capital Buying Online Poker Tech, No Terms Disclosed

MGT Capital Investments, Inc. MGT announced today that its majority owned subsidiary MGT Interactive, LLC has acquired certain assets from Gioia Systems LLC, the inventor and owner of a proprietary method of card shuffling for the online poker market.  Trademarked under the name Real Deal Poker, the technology uses patented shuffling machines, along with permutation re-sequencing, allowing for the creation of up to 16,000 decks per minute in real time.  Each newly created deck is then "dealt" for a hand of online poker, complete with burn cards and the option for a player to "cut" the deck.  In addition to providing a higher level of realism, each deck provides an authentic randomized deal and full audit trail; both missing from currently used random number generating algorithms.