Daily Joust made a surprising announcment on their first night of the $50,000 Super Joust contest. According to the website announcement, Daily Joust has received “financial backing” from MGT Capital Investments. MGT is a publicly traded company who made their way into the daily fantasy industry earlier this year, acquiring the majority of shares in FanThrowdown.com.
According to the Joust announcement, players will still be able to play at Daily Joust, with bigger tournaments upcoming. There was no initial word on if the two daily fantasy sites will work together, only stating that the relationship with FanThrowdown and MGT will “continue to expand” in the coming months.
The move is interesting after rumors of an Daily Joust acquisition deal that fell through with another daily site, as well as director of operations Michael Rathburn announcing this week that he was leaving Daily Joust to go to FantasyFeud.
Stay tuned for more updates. Below is the announcement that Daily Joust posted on their website.
Get ready for exciting news! Daily Joust is proud to announce that we have obtained financial backing from MGT Capital Investments (NYSE: MGT), majority owner of FanThrowdown.com! This ensures our games payouts and guaranteed games will continue to run and grow far beyond what we’ve offered up until now.
What does this mean for you? You will be able to continue to play on Daily Joust just as you always have- enjoying all our innovative features and game styles you’ve grown accustomed to love. In the coming months, our relationship with FanThrowdown and MGT will continue to expand with the primary goal of providing Daily Joust players with amazing liquidity, giant prize pools, smart functionality, and of course fun!