Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand

Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand

We have a winner if you bet that the $1.5 billion acquisition of slot machine manufacturer WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s street cred on Wall Street, please step forward: ding ding ding! The buyout is anticipated to bring both WMS and Scientific Games in the neighbor hood of $100 million in complementary cost-savings between the two companies that are merged and that is making investors‘ ears perk up.

Lottery Suits Slots

Scientific has been on the lookout for a slot machine game maker for awhile now; the organization provides lottery systems while the equipment to operate the same to numerous American states, Canadian provinces as well as some foreign nations. Don’t count on Nevada being one of those though; not gonna happen.

For WMS stockholders, life is good; Scientific Games shelled out $26 per WMS share, that was roughly 59 percent over just what the slot manufacturer closed at back on Jan. 31 of this present year.

‚We carry on to grow more comfortable with the pending WMS acquisition from both significant and more importantly business stability perspective,‘ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.

Gaming Platforms Will Benefit Lottery Customers

And although Nevada may never be getting a state lottery anytime quickly, Scientific can still make good use of „Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand“ weiterlesen