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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

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 street cred on Wall Street, please move forward: ding ding ding, we have a winner! The buyout is anticipated to create both WMS and Scientific Games in the neighborhood of $100 million in complementary cost-savings between the 2 merged companies, and that is making investors’ ears perk up.

Lottery Matches Slots

Scientific happens to be on the lookout for the slot machine maker for awhile now; the business provides lottery systems while 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 great; Scientific Games shelled down $26 per WMS share, that was around 59 percent over exactly what the slot manufacturer closed at back on Jan. 31 of this year.

‘We carry on to develop more confident with the pending WMS acquisition from both a fundamental and much more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at a current investor meeting.

Gaming Platforms Will Benefit Lottery Customers

And although Nevada may never be getting a state lottery anytime soon, Scientific can still make use that is good of’ Read more »