Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand
If 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 move forward: ding ding ding, we now have a winner! The buyout is expected to create both WMS and Scientific Games in the community of $100 million in complementary cost-savings between the 2 merged companies, and that is making investors’ ears perk up.
Lottery Meets Slots
Scientific happens to be on the lookout for a video slot maker for awhile now; the company provides lottery systems plus the equipment to operate the exact same to a lot of American states, Canadian provinces as well as some countries that are foreign. Don’t rely on Nevada being certainly one of those though; not gonna happen.
For WMS stockholders, life is great; Scientific Games shelled down $26 per WMS share, that has been approximately 59 percent over just what the slot manufacturer shut at back on Jan. 31 of in 2010.
‘We carry on to develop more comfortable with the pending WMS acquisition from both a fundamental and more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.
Gaming Platforms Will Benefit Lottery Customers
And even though Nevada may not be getting a state lottery anytime soon, Scientific can still make use 続きを読む Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand