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

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 bring both WMS and Scientific Games in the community of $100 million in complementary cost-savings between the two merged companies, and that’s making investors’ ears perk up.

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Scientific has been on the lookout for a slot machine game maker for awhile now; the company provides lottery systems and the equipment to perform the exact same to a lot of American states, Canadian provinces as well as some countries that are foreign. Don’t expect Nevada being one of those though; not gonna happen.

For WMS stockholders, life is good; Scientific Games shelled out $26 per WMS share, which was about 59 percent over exactly what the slot manufacturer shut at back on Jan. 31 of in 2010.

‘We carry on to develop more comfortable with the pending WMS acquisition from both significant and much more importantly company stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.

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And although Nevada may never be getting a state lottery anytime quickly, Scientific can nevertheless make good use o Lees verder