Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand
If you bet that the $1.5 billion acquisition of video slot maker WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s street cred on Wall Street, please step ahead: ding ding ding, we’ve a winner! The buyout is expected to bring both WMS and Scientific Games in the community of $100 million in complementary cost-savings between the two merged companies, 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 business provides lottery systems therefore the equipment to operate the same to many American states, Canadian provinces and even some countries that are foreign. Don’t rely on Nevada being certainly one of those though; not gonna happen.
For WMS stockholders, life is good; Scientific Games shelled down $26 per WMS share, that has been roughly 59 percent over exactly what the slot manufacturer shut at back on Jan. 31 of this season.
‘We carry on to develop more comfortable with the pending WMS acquisition from both a simple and more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at a present investor meeting.
Gaming Platforms Will Benefit Lottery Customers
And even though Nevada may never be getting a state lottery anytime quickly, Scientific can still make good use of WMS’ social-