Two of the gaming world’s most innovative companies have joined forces this week, as Scientific Games recently purchased WMS. Scientific Games is a leader in the online gambling market and its acquisition of WMS will provide the company with a well-rounded roster of land-based games and experience. The merger was initially announced in January 2013 and was approved by shareholders in May.
Acquisitions normally take up to a year to complete, but both sides of the deal were eager to finalize the terms. According to Market Watch, they agreed that the acquisition of WMS would cost $1.42 million, and both companies will greatly benefit from the deal. Scientific Games is well-known in the land-based gambling market, providing lottery games to operators around the world.
WMS is best known for its land-based pokie machines, which have recently premiered in the online casino market. Together, the two companies can combine their strengths and compete with the world’s biggest gaming firms.
“The acquisition of WMS is transformational for Scientific Games as it creates a leading company in the gaming industry with innovative content, world-class technology and an expansive geographical footprint, able to supply an extensive range of products and services to customers throughout the world,” says A Lorne Weil, CEO of Scientific Games.
Since Scientific Games is primarily a lottery provider, the acquisition of WMS will allow the company to venture into the poker machine market. Pokies are the most popular form of gambling in most countries around the world, and the products designed by WMS have a hold on a significant portion of the market share.
We are certainly excited to see what comes from these two companies in the future, and news team at OnlinePokies4U will keep you updated with their upcoming projects and products.
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