Skill?based games allow players to compete head?to?head with each other via the web for small stakes.
MGT Play, hosts online competitions in popular casual game genres including cards, sports, puzzles, strategy, arcade and more. The games may also be played for fun or cash and are easy to learn, in step with company press materials. Contestants can test their skills against players from the united states.. and all over the world to win money while playing favorite games, and try to win a share of the $10 million in annual prizes already being won by members that play on MGT Play's partner site in Germany.
The U.S. skill-based gaming industry saw revenue of $2.5 billion in 2013 alone, and is projected to surpass $9.0 billion in annual revenue by 2017, consistent with a countrywide consumer study conducted by Frank N. Magid Associates. Skill-based gaming distinguishes itself from gambling in that skill gamers win in keeping with skill while gamblers win in accordance with luck. Online gambling is legal in precisely three U.S. states, whereas online skill based gaming is legal in 33 states.
"With the launch of MGTplay.com, we're now able to fully monetize our subsidiary MGT Studios with the primary of 2 ventures,” said Jeremy Avin, general manager of MGT Capital in a prepared statement. “MGT Play presents the highest games in a graceful design offering users competitive and quality choices in online gaming entertainment. Research shows that 8 percent of the united states.. population currently plays skill-based games for money online, and that figure stands to grow with the emerging mobile market. By partnering with a longtime company, M2P Entertainment GmbH, MGT has a robust foothold on this fledgling industry."
For more information, visit www.mgtci.com.
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