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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

In the event that 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 step ahead: ding ding ding, we now have a success! The buyout is expected 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 Satisfies Slots

Scientific is on the lookout for a slot machine maker for awhile now; the organization provides lottery systems while the equipment to operate the exact same to many US states, Canadian provinces and also some foreign nations. Don’t expect Nevada being certainly one of those though; not gonna happen.

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

‘We carry on to grow more confident with the pending WMS acquisition from both a simple and much more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets video 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 soon, Scientific can still make use that is good of Leer más