-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 +/ygQ+06YA8zq/J/yJOBHw==

<SEC-DOCUMENT>0000919574-10-007070.txt : 20101220
<SEC-HEADER>0000919574-10-007070.hdr.sgml : 20101220
<ACCEPTANCE-DATETIME>20101220173518
ACCESSION NUMBER:		0000919574-10-007070
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101209
FILED AS OF DATE:		20101220
DATE AS OF CHANGE:		20101220

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MGT CAPITAL INVESTMENTS INC
		CENTRAL INDEX KEY:			0001001601
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				133758042
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		KENSINGTON CENTRE
		STREET 2:		66 HAMMERSMITH ROAD
		CITY:			LONDON
		STATE:			X0
		ZIP:			W14 8UD
		BUSINESS PHONE:		011 44 207 605 7950

	MAIL ADDRESS:	
		STREET 1:		KENSINGTON CENTRE
		STREET 2:		66 HAMMERSMITH ROAD
		CITY:			LONDON
		STATE:			X0
		ZIP:			W14 8UD

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDICSIGHT INC
		DATE OF NAME CHANGE:	20021113

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HTTP TECHNOLOGY INC
		DATE OF NAME CHANGE:	20001016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNET HOLDINGS INC
		DATE OF NAME CHANGE:	19980520

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LADDCAP VALUE PARTNERS LP
		CENTRAL INDEX KEY:			0001229849
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32698
		FILM NUMBER:		101263791

	BUSINESS ADDRESS:	
		STREET 1:		335 MADISON AVENUE
		STREET 2:		SUITE 1100
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-652-3214

	MAIL ADDRESS:	
		STREET 1:		335 MADISON AVENUE
		STREET 2:		SUITE 1100
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LADDCAP VALUE ASSOCIATES LLC
		CENTRAL INDEX KEY:			0001266150
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32698
		FILM NUMBER:		101263790

	BUSINESS ADDRESS:	
		STREET 1:		335 MADISON AVENUE
		STREET 2:		SUITE 1100
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-652-3214

	MAIL ADDRESS:	
		STREET 1:		335 MADISON AVENUE
		STREET 2:		SUITE 1100
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LADDCAP VALUE ADVISORS LLC
		CENTRAL INDEX KEY:			0001266151
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32698
		FILM NUMBER:		101263789

	BUSINESS ADDRESS:	
		STREET 1:		335 MADISON AVENUE
		STREET 2:		SUITE 1100
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-652-3214

	MAIL ADDRESS:	
		STREET 1:		335 MADISON AVENUE
		STREET 2:		SUITE 1100
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LADD ROBERT
		CENTRAL INDEX KEY:			0001266152

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32698
		FILM NUMBER:		101263792

	MAIL ADDRESS:	
		STREET 1:		C/O LADDCAP VALUE ADVISORS LLC
		STREET 2:		650 FIFTH AVENUE, SUITE 600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>pladdcappmtgdec2010.xml
<DESCRIPTION>LADDCAPP/MTG
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2010-12-09</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001001601</issuerCik>
        <issuerName>MGT CAPITAL INVESTMENTS INC</issuerName>
        <issuerTradingSymbol>MGT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001266152</rptOwnerCik>
            <rptOwnerName>LADD ROBERT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>335 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001229849</rptOwnerCik>
            <rptOwnerName>LADDCAP VALUE PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>335 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001266150</rptOwnerCik>
            <rptOwnerName>LADDCAP VALUE ASSOCIATES LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>335 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001266151</rptOwnerCik>
            <rptOwnerName>LADDCAP VALUE ADVISORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>335 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7984012</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7984012</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>500000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities are owned by Laddcap Value Partners LP (the &quot;Partnership&quot;).</footnote>
        <footnote id="F2">The reported securities are owned by the Partnership. Laddcap Value Associates LLC (&quot;Laddcap Associates&quot;) serves as general partner and Laddcap Value Advisors LLC (&quot;Laddcap Advisors&quot;) servies as investment advisor. Mr. Ladd is the managing member of Laddcap Associates and Laddcap Advisors. Laddcap Associates and Laddcap Advisors may be deemed to beneficially own the securities held by the Partnership by virtue of their position as general partner and investment advisors, respectively, of the Partnership, and Mr. Ladd, by virtue of his status as the managing member of Laddcap Associates and Laddcap Advisors. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpos
e.</footnote>
        <footnote id="F3">These securities are owned directly by Robert Ladd. Mr. Ladd is a Director of the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: /s/ Robert Ladd, Managing Member</signatureName>
        <signatureDate>2010-12-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Laddcap Value Partners LP,  By: Laddcap Value Associates LLC, its General Partner, By: /s/ Robert Ladd, Managing Member</signatureName>
        <signatureDate>2010-12-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Laddcap Value Associates LLC, By: /s/ Robert Ladd, Managing Member</signatureName>
        <signatureDate>2010-12-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Laddcap Value Advisors LLC, By: /s/ Robert Ladd, Managing Member</signatureName>
        <signatureDate>2010-12-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----