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 bring both WMS and Scientific Games in the neighbor hood of $100 million in complementary cost-savings between the two merged companies, and that’s making investors’ ears perk up.
Lottery Matches Slots
Scientific has been on the lookout for the video slot maker for awhile now; the organization provides lottery systems while the equipment to perform the exact same to numerous US states, Canadian provinces as well as some countries that are foreign. Don’t depend on Nevada being one of those though; not gonna happen.
For WMS stockholders, life is great; Scientific Games shelled out $26 per WMS share, that was roughly 59 percent over what the slot manufacturer closed at back on Jan. 31 of this year.
‘We carry on to develop more comfortable with the pending WMS acquisition from both significant and much more importantly business 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 though Nevada may not be getting a state lottery anytime quickly, Scientific can still make good use of WMS’ social- Подробнее →