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Archive for the ‘Slots Au’ category

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

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 anticipated to bring both WMS and Scientific Games in the community of $100 million in complementary cost-savings between the two companies that are merged and that is making investors’ ears perk up.

Lottery Suits Slots

Scientific was on the lookout for a slot machine game maker for awhile now; the organization provides lottery systems plus the equipment to operate the exact same to many US states, Canadian provinces as well as some countries that are foreign. Don’t expect 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 about 59 percent over exactly what the slot manufacturer shut at back on Jan. 31 of this season.

‘We continue to develop more comfortable with the pending WMS acquisition from both significant and more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at a present investor meeting.

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 good of’ social- Read more »

To Russia With Enjoy for Macau Casino Magnate Lawrence Ho

Macau casino mogul Lawrence Ho appears apt to be the first major gaming operator to move into the Russian market, as his company has signed an understanding to open a casino there. The move signals Russia’s intention to develop into a major player in the lucrative casino market that is asian.

In the area

Ho’s casino-resort is located in Primorye, one of four zones that are special aside by Russia after a 2009 legislation banned all the casino gambling. The region of Primorye borders China and Korea, as well as the casino is expected to be placed on the borders of Vladivostok.

‘A lot of men and women don’t understand that Vladivostok is A asian casino opportunity that is actually in Russia,’ Dean Macomber told The Wall Street Journal. Macomber could be the president of Macomber International Inc., an American company that has consulted aided by the Russian casino industry.

That prime location will be the key to getting severe names into the Russian casino market. Most casino that is major have actually shied away from investing in the country due to a murky regulatory system and concerns over hefty corruption. But the combination of the place and tax incentives have made a casino in Primorye an even more proposition that is interesting.

Like Father, Like Son

Lawrence Ho is the son of Stanley Ho, the Macau-based casino tycoon who once held a monopoly on all of the gambling in the Chinese enclave. Now that many casino Read more »