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

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 expected to bring both WMS and Scientific Games in the neighbor hood of $100 million in complementary cost-savings between the 2 merged companies, secrets to more chilli slots and that’s 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 and also the equipment to perform the exact same to many American states, Canadian provinces and also some foreign nations. Don’t expect Nevada being certainly one of those though; not gonna happen.

For WMS stockholders, life is good; Scientific Games shelled down $26 per WMS share, which was roughly 59 percent over what the slot manufacturer closed 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 not be getting a state lottery anytime soon, Scientific can still make good use of WMS’ social- and intera Continue reading « Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand »

Pittsburgh Rivers Casino Accused of Racist Policies

Pittsburgh Rivers Casino Accused of Racist Policies

Some constituents are unhappy with what they perceive to be policies that are racist Pittsburgh’s Rivers Casino

The Rivers Casino in Pittsburgh is not the type of casino that usually makes headlines. But one politician that is local worried that the casino has recently placed policies into place that show an ugly pattern one that might, in reality, be discriminatory towards black patrons.

Earlier this month, an Allegheny County councilwoman known as Amanda Green Hawkins wrote a page to the casino’s general supervisor. In the letter, she asked a pointed question about why several events that seemed become directed at the local African-American community had been terminated, subjected to higher pricing, or faced other unequal conditions.

According to Councilwoman Hawkins, the letter follows a pattern of reports she received from her constituents.

Perhaps policies that are racist

‘There have actually been allegations of battle discrimination,’ Hawkins stated. ‘Constituents have called me or written me emails about things they’ve seen going on [at Rivers Casino] that they state are just racism.’

There were several examples in current months that prompted the letter. In the page, Hawkins highlighted an event held last month by a black motorcycle club called the Pittsburgh Ruff Ryders. The casino unearthed that the function was overcrowding the area it was being held in, and so shut the event down early. However, there were Continue reading « Pittsburgh Rivers Casino Accused of Racist Policies »