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 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’ve a success! The buyout is anticipated to create both WMS and Scientific Games in the neighborhood 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 happens to be on the lookout for the video slot maker for awhile now; the organization provides lottery systems and also the equipment to perform the same to numerous American states, Canadian provinces as well as some foreign nations. Don’t count on Nevada being one of those though; not gonna happen.
For WMS stockholders, life is great; Scientific Games shelled out $26 per WMS share, that has been about 59 percent over exactly what the slot manufacturer shut at back on Jan. 31 of this year.
‘We continue to grow more confident with the pending WMS acquisition from both significant and more 2015carsreview2016.com importantly company stability perspective,’ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at a present investor meeting.
Gaming Platforms Will Benefit Lottery Customers
And even though Nevada may never be getting a state lottery anytime quickly, Scientific can nevertheless make good