Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand
If 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 success! The buyout is anticipated to bring both WMS and Scientific Games in the neighbor hood 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 the slot machine maker for awhile now; the business provides lottery systems as well as the equipment to run the same to a lot of American states, Canadian provinces and even some countries that are foreign. 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 around 59 percent over what the slot manufacturer shut at back on Jan. 31 of this year.
『We continue to develop more comfortable with the pending WMS acquisition from both significant and much more importantly business 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 even though Nevada may not be getting a state lottery anytime quickly, Scientific can still make use that is good of』 social- More