Scientific Games Acquires WMS Industries
In 2013, Scientific Games announced plans to purchase WMS Industries. It's taken 10 months, but that sale is complete at the cost of $1.5 billion. The FTC and shareholders at WMS Industries approved the sale, so it was successfully filed with the SEC in October.
Through the merger, Scientific Games expects to save $100 million over time. Plans are to carry over WMS Industries' popular lines of slot machines into the lottery options offered by Scientific Games.
After this transaction, Scientific Games now holds debt of $3 million and also took out a $300 million line of credit to use towards future expansion, but the company isn't worried. The CFO for Scientific Games stated that annual lottery sales are $275 billion throughout the world and $65 million of that is specific to the U.S. The CEO went on to say that through this merger, that would bring the companies $600 million in gross earnings by the end of 2013.
About Scientific Games
Scientific Games is the powerhouse behind the first instant lottery games in the 1970s. Since that day, the company has continued to be a leading force in online casino games and technology for customers on six continents. Many people know Scientific Games through its partnership with Zynga that brought games like CityVille and Words With Friends.
About WMS Industries
Originally founded in 1943, WMS started out inventing the tilt feature in pinball machines. The company enteredthe home video market 40 years later, before advancing to casino games. Among WMS' more popular titles are Clue slots, Lord of the Rings slots, and Monopoly slots.
- Play Slots For Fun Or For Prizes February 7, 2023
- Volatility Player February 7, 2023
- Ancient Egypt Slots February 7, 2023
- Three-Reel Slots February 7, 2023
- Superhero Slots February 7, 2023
- Seven-Reel Slot Games February 7, 2023
- Virtual Reality Slots February 7, 2023
- Will There Be A Fortune Hidden In One Of These Playtech Slots? February 7, 2023
- Scratch Cards February 7, 2023
- Do Six-Reel Slot Games Work? February 7, 2023
- Free Online Slots With Bonuses No Download February 7, 2023
- Flash Roulette at Grand Fortune for No Download Action! November 10, 2022
- Play Free Slots Online for These Reasons August 21, 2022
- Progressive Jackpots - Play safely at Drake Casino June 2, 2022
- High Quality Gaming at Malibu Club Casino April 6, 2021
- New to Slots? Here’s How March 17, 2021
- Cat Wilde and the Doom of Dead: a Good Slot Sequel? July 3, 2020
- Free Casino Slots June 21, 2020
- Best Casino Game Online June 18, 2020
- Here’s What You Need to Know About Online Progressive Slots June 11, 2020