MGT briefed mGamingWatch earlier this week on the commercial launch of its real money skill-based gaming website – www.mgtplay.com. The site offers a pretty comprehensive slate of professionally designed games allowing registered players to wager and win cash, in one-on-one play or tournaments.
Skill-based games allow players to compete head-to-head with one another via the Internet for small stakes.
From the company’s formal announcement:
MGT Play, hosts online competitions in popular casual game genres including Cards, Sports, Puzzles, Strategy, Arcade and more. Play for fun or play to win real cash!
The U.S. skill based gaming industry saw revenue of $2.5 billion in 2013 and is projected to surpass $9.0 Billion in annual revenue by 2017.
“With the launch of MGTplay.com, we are now in a position to fully monetize our subsidiary MGT Studios with the first of two ventures. MGT Play presents the top games in a sleek design offering users competitive and quality choices in online gaming entertainment,” says Jeremy Avin, General Manager for MGT. “Research shows that 8% of the U.S. population currently plays skill based games for money online, and that figure stands to grow with the emerging mobile market. By partnering with an established company, M2P Entertainment GmbH, MGT has a strong foothold in this fledgling industry.”
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