Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand
If you bet that the $1.5 billion acquisition of video slot maker WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s street cred on Wall Street, please move forward: ding ding ding, we now have a winner! The buyout is expected to bring both WMS and Scientific Games in the neighborhood of $100 million in complementary cost-savings between the two merged companies, and that’s making investors’ ears perk up.
Lottery Satisfies Slots
Scientific is on the lookout for a slot machine maker for awhile now; the company provides lottery systems while the equipment to operate the exact same to numerous American states, Canadian provinces and even some foreign nations. Don’t count on Nevada being one of those though; not gonna happen.
For WMS stockholders, life is good; Scientific Games 2015carsreview2016.com shelled out $26 per WMS share, which was about 59 percent over just what the slot manufacturer shut at back on Jan. 31 of this present year.
‘We continue to grow more confident 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 a present investor meeting.
Gaming Platforms Will Benefit Lottery Customers
And though Nevada may never be getting a state lottery anytime quickly, Scientific can still make use that is good of’ social- and interactive-gaming Continue reading