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 manufacturer 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 create both WMS and Scientific Games in the community of $100 million in complementary cost-savings between the two companies that are merged and that is making investors‘ ears perk up.
Lottery Meets Slots
Scientific was on the lookout for a slot machine maker for awhile now; the business provides lottery systems therefore the equipment to operate the exact same to many American states, Canadian provinces and also some foreign countries. Don’t expect Nevada being certainly one of those though; not gonna happen.
For WMS stockholders, life is good; Scientific Games shelled out $26 per WMS share, that has been roughly 59 percent over just what the slot manufacturer closed at back on Jan. 31 of this season.
‚We carry on to develop more comfortable with the pending WMS acquisition from both a simple and much more importantly business stability perspective,‘ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at a recent investor conference.
Gaming Platforms Will Benefit Lottery Customers
And even though Nevada may not be getting a state lottery anytime quickly, Scientific can nevertheles Pokračovat ve čtení „Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand“