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 maker 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 have a winner! The buyout is expected to create both WMS and Scientific Games in the neighborhood of $100 million in complementary cost-savings between the 2 companies that are merged and that is making investors’ ears perk up.
Lottery Matches Slots
Scientific happens to be on the lookout for the slot machine game maker for awhile now; the company provides lottery systems therefore the equipment to run the same to a lot of US states, Canadian provinces as well as some foreign countries. Don’t depend 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 what the slot manufacturer closed at back on Jan. 31 of in 2010.
‘We carry on to develop more confident with the pending WMS acquisition from both a fundamental and more importantly company 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 though Nevada may not be getting a state lottery anytime quickly, Scientific can still make good use of WMS’ social- Continuer la lecture de Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand