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 is making investors’ ears perk up.
Lottery Satisfies Slots
Scientific has been on the lookout for the slot machine game maker for awhile now; the business provides lottery systems and also the equipment to run the same to numerous US states, Canadian provinces and also some countries that are foreign. Don’t rely on Nevada being certainly one of those though; not gonna happen.
For WMS stockholders, life is great; Scientific Games shelled out $26 per WMS share, that was around 59 percent over what the slot manufacturer closed at back on Jan. 31 of this present year.
‘We carry on to develop more confident with the pending WMS acquisition from both significant and more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at an investor https://myfreepokies.com/more-chilli-slot-review/ meeting that is recent.
Gaming Platforms Will Benefit Lottery Customers
And although Nevada may not be getting a state lottery anytime soon, Scientific can still make use that is go Continue reading