MGT acquires assets in Real Deal
MGT Interactive, a subsidiary of online and mobile gaming investment vehicle MGT Capital Investments, has acquired certain assets from Gioia Systems, the inventor and owner of Real Deal Poker, a proprietary method of card shuffling for the online poker market.
The deal includes seven US patents and several internet URL addresses, including www.RealDealPoker.com.
Real Deal’s 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 unique deck provides an authentic randomised deal and full audit trail. Real Deal can also be adapted to other card games such as blackjack and baccarat.
“As US states begin to allow betting on online poker, we expect Real Deal to offer regulators the only way to ensure fairness and allow for full transparency for any card dealt online,” MGT chief executive officer Robert Ladd said.
“We expect to partner with casinos as they offer online poker to adults in Nevada and New Jersey. We also plan to license the Real Deal technology to other legal online poker sites that wish to offer their customers a more true-life poker experience.”