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

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

If 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 move forward: ding ding ding, we’ve a winner! The buyout is anticipated to create both WMS and Scientific Games in the community of $100 million in complementary cost-savings between the 2 merged companies, and that is making investors’ ears perk up.

Lottery Satisfies Slots

Scientific was on the lookout for a slot machine game maker for awhile now; the business provides lottery systems therefore the equipment to operate the same to numerous US states, Canadian provinces as well as some foreign nations. Don’t count 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 approximately 59 percent over what the slot manufacturer shut at back on Jan. 31 of this year.

‘We continue to develop more comfortable with the pending WMS acquisition from both a simple and 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 though Nevada may never be getting a state lottery anytime quickly, Scientific can still make good use of WMS’ social- and Continue reading “Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand”

Boston Could You Will Need to Block Wynn Everett Casino Plan

Boston Could You Will Need to Block Wynn Everett Casino Plan

Following the city of Everett authorized a casino project plan by designer Steve Wynn, numerous observers believed he had the upper hand in gaining the Greater Boston-area casino license certainly one of three regional licenses that is awarded by the state of Massachusetts. But it turns out that geographic quirks can make Wynn’s prospects of opening a casino there a little tougher than he thought.

According to members of Boston Mayor Thomas Menino’s administration, Wynn might not have been as careful as he thought together with casino proposition. It appears that some associated with the proposed development may be located within the city of Boston itself, which will give the town the best to impact the project by themselves.

Border Patrol

If it were real that the Wynn proposal were to reside partially in Boston, then a city could be considered a number community, and could have the capability to influence just how and if the project could go forward. In fact, Mayor Menino would have the ability even to simply say no to the project, scuttling it entirely.

Menino might have good reason to do so. He has turn out in support of a contending casino plan that could place the resort at Suffolk Downs, and eliminating perhaps the competitor that is strongest for the license would help towards getting that plan selected by the state.

However, Wynn does not believe that Menino’s claims hold any fat.

‘Our company inv Continue reading “Boston Could You Will Need to Block Wynn Everett Casino Plan”

Boston Could You Will Need to Block Wynn Everett Casino Plan

Boston Could You Will Need to Block Wynn Everett Casino Plan

Following the town of Everett authorized a casino project plan by designer Steve Wynn, many observers believed he had the upper hand in gaining the Greater Boston-area casino license one of three regional licenses that are granted by the state of Massachusetts. Nonetheless it turns out that geographical quirks can make Wynn’s prospects of opening a casino there a little tougher than he thought.

According to members of Boston Mayor Thomas Menino’s administration, Wynn may not have been as careful as he thought together with casino proposition. It appears that some of the proposed development may be located within the populous city of Boston itself, which would give the city the right to impact the project themselves.

Border Patrol

If it were real that the Wynn proposal were to reside partially in Boston, then the city will be considered a host community, myfreepokies.com and would have the ability to influence just how and if the project could proceed. In fact, Mayor Menino would have the ability even to simply say no to the project, scuttling it entirely.

Menino might have good reason to achieve this. He has come out in help of a competing casino plan that will place the resort at Suffolk Downs, and eliminating perhaps the competitor that is strongest for the license would help towards getting that plan chosen by the state.

However, Wynn does not think that Menino’s claims hold any weight.

‘Our company involves the Commonw Continue reading “Boston Could You Will Need to Block Wynn Everett Casino Plan”