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

Wednesday, February 12th, 2020

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 game 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 have 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 2 merged companies, and that is making investors’ ears perk up.

Lottery Meets Slots

Scientific was on the lookout for the video slot maker for awhile now; the company provides lottery systems plus the equipment to operate the exact same to numerous American states, Canadian provinces as well as some countries that are foreign. Don’t rely 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 has been around 59 percent over exactly what the slot manufacturer shut at back on Jan. 31 of this season.

‘We carry on to cultivate more confident with the pending WMS acquisition from both significant and much 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 u (more…)