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

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

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 move 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 merged companies, and that is making investors’ ears perk up.

Lottery Matches Slots

Scientific has been on the lookout for a slot machine maker for awhile now; the business provides lottery systems and also the equipment to operate the exact same to a lot of US states, Canadian provinces as well as some countries that are foreign. Don’t rely 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 was around 59 percent over just what the slot manufacturer closed at back on Jan. 31 of this present year.

‘We carry on to grow more confident with the pending WMS acquisition from both a simple and much 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 soon, Scientific can nevertheless make use that is Читать далее

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