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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;<B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, DC&nbsp;20549</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(D) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of report (Date of earliest event
reported)&nbsp;May 16, 2012 (May 11, 2012)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>MGT Capital
Investments, Inc</B></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;(Exact Name of Registrant as Specified
in Its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; text-autospace: none; font-weight: bold; text-align: center">Delaware</TD>
    <TD STYLE="width: 30%; text-autospace: none; font-weight: bold; text-align: center">0-26886</TD>
    <TD STYLE="width: 35%; text-autospace: none; font-weight: bold; text-align: center">13-4148725</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="text-autospace: none; text-align: center">(Commission File Number)</TD>
    <TD STYLE="text-autospace: none; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>500 Mamaroneck Avenue &ndash; Suite 204</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Harrison, NY 10528</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B>(Address of principal executive
offices, including zip code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>914-630-7431</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s Telephone Number, Including
Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 29.7pt">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(<I> see</I> General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 10%; text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="width: 90%; text-autospace: none">Written communications pursuant to Rule 425 under the Securities Act (17 CFR&nbsp;230.425)</TD></TR>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="width: 90%; text-autospace: none">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="width: 90%; text-autospace: none">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17&nbsp;CFR&nbsp;240.14d-2(b))</TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="width: 90%; text-autospace: none">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17&nbsp;CFR&nbsp;240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective May 11, 2012, MGT Capital Investments,
Inc. (the &ldquo;Company&rdquo;) entered into a Contribution and Sale Agreement (the &ldquo;Sale Agreement&rdquo; attached as Exhibit
10.1 and incorporated by this reference) with J&amp;S Gaming, Inc. (&ldquo;J&amp;S&rdquo;), and MGT Gaming, Inc. (&ldquo;MGT Gaming&rdquo;
and together with the Company and J&amp;S, the &ldquo;Parties&rdquo;). Pursuant to the Sale Agreement and certain ancillary agreements
executed simultaneous thereto, the parties have agreed i) J&amp;S shall sell certain patents to MGT Gaming in exchange for 1,000
shares (constituting 100% ownership) of MGT Gaming Common Stock, par value $0.001 (the &ldquo;MGT Gaming Shares&rdquo;); ii) the
Company will simultaneously purchase from J&amp;S 550 MGT Gaming Shares in exchange for $200,000 cash and warrants to purchase
350,000 shares of the Company&rsquo;s common stock; iii) the Company and J&amp;S agree to grant rights of first refusal, &ldquo;tag-along&rdquo;
and &ldquo;drag-along&rdquo; rights to one another with respect to the MGT Gaming Shares; and iv) Steven Brandstetter, the President
of J&amp;S, shall provide consulting services to MGT Gaming in exchange for a fee of $5,000 per month. Pursuant to the Sale Agreement,
the Company has the right to purchase an additional 250 MGT Gaming Shares from J&amp;S in exchange for a cash payment of $1,000,000
and warrants to purchase 250,000 shares of the Company&rsquo;s common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prior to the entry into the purchase agreement,
there was no material relationship between the Parties.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 &#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; text-autospace: none; font-weight: bold; text-decoration: underline">Exhibit No.</TD>
    <TD STYLE="width: 89%; text-autospace: none; font-weight: bold; text-decoration: underline">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">10.1</TD>
    <TD STYLE="text-autospace: none">Contribution and Sale Agreement, <FONT STYLE="color: black">dated as of May 9, 2012, by and among</FONT> J&amp;S Gaming, Inc., MGT Capital Investments, Inc. <FONT STYLE="color: black">and </FONT>MGT Gaming, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">10.2</TD>
    <TD STYLE="text-autospace: none">Common Stock Warrant dated May 9, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">10.3</TD>
    <TD STYLE="text-autospace: none">Form of Common Stock Warrant</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">10.4</TD>
    <TD STYLE="text-autospace: none">Stockholder Agreement dated May 9, 2012, by and among J&amp;S Gaming, Inc., MGT Gaming,
    Inc. and MGT Capital Investment, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">10.5</TD>
    <TD STYLE="text-autospace: none">Patent Assignment, dated as of May 9, 2012 by and between J&amp;S Gaming, Inc. and MGT
    Holdings, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 29.7pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">Dated: May 16, 2012</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-autospace: none; font-weight: bold">MGT CAPITAL INVESTMENTS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 5%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 10%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 5%; text-autospace: none">By:&nbsp;</TD>
    <TD STYLE="width: 43%; border-bottom: black 1pt solid; text-autospace: none">/s/ Robert B. Ladd</TD>
    <TD STYLE="width: 3%; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name: Robert B. Ladd</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: President and Chief Executive Officer</P></TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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{"company-data": {"conformed-name": "MGT CAPITAL INVESTMENTS INC", "cik": "0001001601", "assigned-sic": "7372", "irs-number": "133758042", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32698", "film-number": "12848458"}, "business-address": {"street1": "500 MAMARONECK AVENUE - SUITE 204", "city": "HARRISON", "state": "NY", "zip": "10528", "phone": "(914) 630-7430"}, "mail-address": {"street1": "500 MAMARONECK AVENUE - SUITE 204", "city": "HARRISON", "state": "NY", "zip": "10528"}, "former-company": [{"former-conformed-name": "MEDICSIGHT INC", "date-changed": "20021113"}, {"former-conformed-name": "HTTP TECHNOLOGY INC", "date-changed": "20001016"}, {"former-conformed-name": "INTERNET HOLDINGS INC", "date-changed": "19980520"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event
reported) May 16, 2012 (May 11, 2012)
MGT Capital
Investments, Inc
.
(Exact Name of Registrant as Specified
in Its Charter)
Delaware
0-26886
13-4148725
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
500 Mamaroneck Avenue – Suite 204
Harrison, NY 10528
(Address of principal executive
offices, including zip code)
914-630-7431
(Registrant's Telephone Number, Including
Area Code)
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(
see
General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
Effective May 11, 2012, MGT Capital Investments,
Inc. (the "Company") entered into a Contribution and Sale Agreement (the "Sale Agreement" attached as Exhibit
10.1 and incorporated by this reference) with J&S Gaming, Inc. ("J&S"), and MGT Gaming, Inc. ("MGT Gaming"
and together with the Company and J&S, the "Parties"). Pursuant to the Sale Agreement and certain ancillary agreements
executed simultaneous thereto, the parties have agreed i) J&S shall sell certain patents to MGT Gaming in exchange for 1,000
shares (constituting 100% ownership) of MGT Gaming Common Stock, par value $0.001 (the "MGT Gaming Shares"); ii) the
Company will simultaneously purchase from J&S 550 MGT Gaming Shares in exchange for $200,000 cash and warrants to purchase
350,000 shares of the Company's common stock; iii) the Company and J&S agree to grant rights of first refusal, "tag-along"
and "drag-along" rights to one another with respect to the MGT Gaming Shares; and iv) Steven Brandstetter, the President
of J&S, shall provide consulting services to MGT Gaming in exchange for a fee of $5,000 per month. Pursuant to the Sale Agreement,
the Company has the right to purchase an additional 250 MGT Gaming Shares from J&S in exchange for a cash payment of $1,000,000
and warrants to purchase 250,000 shares of the Company's common stock.
Prior to the entry into the purchase agreement,
there was no material relationship between the Parties.
Item 9.01 	        Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
10.1
Contribution and Sale Agreement,
dated as of May 9, 2012, by and among
J&S Gaming, Inc., MGT Capital Investments, Inc.
and
MGT Gaming, Inc.
10.2
Common Stock Warrant dated May 9, 2012
10.3
Form of Common Stock Warrant
10.4
Stockholder Agreement dated May 9, 2012, by and among J&S Gaming, Inc., MGT Gaming,
    Inc. and MGT Capital Investment, Inc.
10.5
Patent Assignment, dated as of May 9, 2012 by and between J&S Gaming, Inc. and MGT
    Holdings, Inc.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 16, 2012
MGT CAPITAL INVESTMENTS, INC.
By:
/s/ Robert B. Ladd
Name: Robert B. Ladd
Title: President and Chief Executive Officer