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

on 12 ก.พ. 2020 in Slots Au

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

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 ahead: ding ding ding, we’ve a success! The buyout is anticipated to create both WMS and Scientific Games in the neighborhood 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 is on the lookout for a slot machine maker for awhile now; the company provides lottery systems therefore the equipment to run the same to a lot of American states, Canadian provinces and even some foreign countries. Don’t expect Nevada being certainly one of those though; not gonna happen.

For WMS stockholders, life is good; Scientific Games shelled out $26 per WMS share, that has been about 59 percent over exactly what the slot manufacturer closed at back on Jan. 31 of this present year.

‘We carry on to grow more confident with the pending WMS acquisition from both a fundamental and more importantly company 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 although Nevada may never be getting a state lottery anytime quickly, Scientific can still make use that is good of’ อ่านต่อ