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

By |2월 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 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’s making investors’ ears perk up.

Lottery Matches Slots

Scientific is on the lookout for a video slot car shield reviews maker for awhile now; the organization provides lottery systems as well as the equipment to operate the same to many 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, which was approximately 59 percent over what the slot manufacturer shut at back on Jan. 31 of this year.

‘We carry on to develop more confident with the pending WMS acquisition from both significant and much more importantly company stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.

Gaming Platforms Will Benefit Lottery Customers

And even though Nevada may not be getting a state lottery anytime soon, Scientific can still make good use of WMS’ so […]