Friday October 18,2013 : SCIENTIFIC GAMES COMPLETES W.M.S. ACQUISITION
Combined businesses offer lottery games, gaming machines and game content, systems, sports betting technology, and social, mobile and interactive content and services.
Scientific Games Corporation announced Friday that it has completed the acquisition of WMS Industries Inc., with the combined businesses offering lottery games, gaming machines and game content, systems, sports betting technology, and social, mobile and interactive content and services.
"We are pleased to announce the successful completion of our merger with WMS," said A. Lorne Weil, Scientific Games' chairman and CEO.
"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.
"The combined company will provide a broader portfolio of products and services to our customers, offer expanded opportunities for our employees and is poised to deliver meaningful long-term value for our shareholders."
WMS was acquired for approximately $1.5 billion in cash. In connection with the merger, Scientific Games entered into a new $2.6 billion credit facility, consisting of a $2.3 billion term loan facility and a $300 million revolving credit facility that was undrawn at closing.