Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand
In the event that you bet that the $1.5 billion acquisition of slot machine game manufacturer WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s road cred on Wall Street, please step ahead: ding ding ding, we have a success! The buyout is expected to create 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’s making investors’ ears perk up.
Lottery Meets Slots
Scientific is on the lookout for a video slot maker for awhile now; the company provides lottery systems and the equipment to perform the same to a lot of US states, Canadian provinces and even some foreign countries. Don’t count on Nevada being one of those though; not gonna happen.
For WMS stockholders, life is great; Scientific Games shelled down $26 per WMS share, that has been about 59 percent over just what the slot manufacturer shut at back on Jan. 31 of this year.
‘We carry on to develop more confident with the pending WMS acquisition from both significant and more importantly company stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at a recent investor meeting.
Gaming Platforms Will Benefit Lottery Customers
And though Nevada may not be getting a state lottery anytime soon, Scientific can still make use that is good of’ social- and interactiv Continue reading Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand