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

Scientific Games Corp. Buying WMS 2015carsreview2016.com to Create Major Lottery, Slot Brand

In the event that you bet that the $1.5 billion acquisition of video slot manufacturer WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s road cred on Wall Street, please step 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 merged companies, and that’s making investors’ ears perk up.

Lottery Matches Slots

Scientific was on the lookout for the slot machine maker for awhile now; the company 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 depend 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 roughly 59 percent over what the slot manufacturer closed at back on Jan. 31 of this year.

‘We carry on to cultivate more confident 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 a present investor conference.

Gaming Platforms Will Benefit Lottery Customers

And although Nevada may not be getting a state lottery anytime quickly, Scientific can still make good use of WMS’ social Continue reading “Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand”