QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 53, No. 2, February 2013, Posted On: 2/4/2013

Scientific Games To Acquire WMS Industries

Marcus Webb
TAGS: Scientific Games Corp., SciGames, WMS Industries Inc., WMS acquisition, video lottery terminals, Illinois VLTs, lottery instant tickets, video gaming systems, server-based gaming, interactive gaming content

NEW YORK CITY -- Gaming machines manufacturer WMS Industries Inc. is being swallowed up by its larger rival Scientific Games Corp. for $1.5 billion in cash and debt. The two companies announced on Jan. 31 that they have entered into a definitive agreement under which Scientific Games would acquire WMS for $26 in cash per common share, or approximately $1.5 billion. The boards of both firms approved the transaction.

Scientific Games is a leader in the supply of lottery instant tickets, lottery and video gaming systems and server-based gaming. WMS is a leading supplier of gaming machines and interactive gaming content.

The acquisition of WMS will enable Scientific Games to offer a complete portfolio of lottery and gaming products and services to both new and existing customers around the world, said chairman and chief executive A. Lorne Weil.

WMS has a long history as a leading coin-op amusement machine manufacturer, but today its only connection with amusements is its line of video lottery terminals for the operator-run VLT sector in Illinois.

The predecessor of WMS, Williams Manufacturing Co., was founded in 1943 as a maker of pinball machines, a product the company continued to produce for 56 years. Acquired in 1973 by Seeburg Corp., a jukebox manufacturer, Williams began building coin-op videogames and changed its name to Williams Electronics.

Renamed again as WMS Industries in 1987, the company went public. WMS acquired competing pinball and videogame maker Bally-Midway in 1988, spinning off the firm as a separate entity in 1998. WMS exited the videogame market that same year and closed its pinball division in 1999. WMS has been chiefly focused on making slot machines since 1994.

Topic: Music and Games Features

  • IAAPA Attractions Expo Draws 32,900 Amusement Industry Pros
  • British Professor Begins Program To Preserve History Of Arcades
  • Billy Mitchell? Donkey Kong Champ Loses Lawsuit Against Cartoon Network Portrayal
  • Smart Industries Debuts Coin-Op Games And Enhancements At IAAPA Expo
  • IAAPA Honors Attractions Industry's Best With Brass Ring Awards At Attractions Expo 2015

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570