MGT Capital Provides Update on Patent Infringement Action

MGT Capital Investments, Inc. (NYSE MKT:

) was informed on April 23, 2014 that the United States Court of Appeals for the Federal Circuit ruled on a Petition for Writ of Mandamus, sought by WMS Gaming, Inc., a defendant in one of MGT's patent infringement lawsuits. Mandamus was granted, thereby vacating the decision of the United States District Court for the Southern District of Mississippi that denied a motion by WMS to transfer the case to the United States District Court for the Northern District of Illinois. As a consequence, this case will be moved to Illinois. Yesterday's decision does not impact MGT's ongoing action in Mississippi against Aruze Gaming, Inc. As previously disclosed, a Markman Hearing (also known as a claims construction hearing) has been scheduled in that case for September 25, 2014 in Jackson, MS. Moreover, yesterday's decision has no bearing with respect to the merits of the Company's allegations in any of its patent infringement lawsuits.