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

We have a winner if you bet that the $1.5 billion acquisition of slot machine manufacturer WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s street cred on Wall Street, please step forward: ding ding ding! The buyout is anticipated to create both WMS and Scientific Games in the neighbor hood of $100 million in complementary cost-savings between the 2 merged companies, and that is making investors’ ears perk up.

Lottery Meets Slots

Scientific was on the lookout for the slot machine game maker for awhile now; the company provides lottery systems while the equipment to perform the same to numerous US states, Canadian provinces and even some foreign countries. Don’t rely on Nevada being one of those though; not gonna happen.

For WMS stockholders, life is good; Scientific Games shelled out $26 per WMS share, that has been about 59 percent over what the slot manufacturer shut 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 video gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.

Gaming 2015carsreview2016.com Platforms Will Benefit Lottery Customers

And even though Nevada may not be getting a state lottery anytime quickly, Scientific can still make good use of WMS’ social- and interactive Read more →