Archive for the ‘Slots Au’ Category

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

Wednesday, February 12th, 2020

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 neighborhood of $100 million in complementary cost-savings between the two companies that are merged and that’s 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 as well as the equipment to operate the same to many US states, Canadian provinces and even some countries that are foreign. Don’t depend on Nevada being certainly one of those though; not gonna happen.

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

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

Gaming Platforms Will Benefit Lottery Customers

And even though Nevada may never be getting a state lottery anytime soon, Scientific can still make use that i (more…)