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 neighborhood of $100 million in complementary cost-savings between the two merged companies, and that is making investors’ ears perk up.
Lottery Matches Slots
Scientific happens to be on the lookout for a video slot maker for awhile now; the business provides lottery systems therefore the equipment to perform the same to numerous American states, Canadian provinces and also some countries that are foreign. Don’t rely on Nevada being certainly one of those though; not gonna happen.
For WMS stockholders, life is 2015carsreview2016.com good; Scientific Games shelled down $26 per WMS share, which was roughly 59 percent over just what the slot manufacturer closed at back on Jan. 31 of this season.
‘We continue to develop more confident with the pending WMS acquisition from both significant and much more importantly company stability perspective,’ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at a recent investor meeting.
Gaming Platforms Will Benefit Lottery Customers
And though Nevada may never be getting a state lottery anytime soon, Scientific can nevertheless make use that is go Continue reading