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 anticipated to bring both WMS and Scientific Games in the neighborhood of $100 million in complementary cost-savings between the 2 merged companies, and that’s making investors’ ears perk up.

Lottery Suits Slots

Scientific was on the lookout for a slot machine maker for awhile now; the organization provides lottery systems and the equipment to operate the exact same to numerous American states, Canadian provinces and even some foreign countries. Don’t rely on Nevada being certainly one of those though; not gonna happen.

For WMS stockholders, life is great; Scientific Games shelled down $26 per WMS share, that was roughly 59 percent over exactly what the slot manufacturer shut at back on Jan. 31 of this season.

‘We carry on to cultivate more confident with the pending WMS acquisition from both a fundamental and much more importantly business stability perspective,’ said Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.

Gaming Platforms Will Benefit Lottery Customers

And although Nevada may not be getting a state lottery anytime soon, Scientific can nevertheless make good use of WMS Continue reading Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand

Daniel Negreanu Down $226K in World variety of Poker So Far

Daniel Negreanu Down $226K in World variety of Poker So Far

Canadian poker professional Daniel Negreanu who’s won five World group of Poker (WSOP) bracelets and more than $18 million in tournament cashes throughout his illustrious poker job is lacking a great year therefore far at WSOP. At minimum, not according to his tournament that is own tracking, which shows him down $226,000 after barreling through 31 events already at this year’s gathering. The figure is at ‘just’ $176K, until he busted the $50,000 buy-in Poker Players Championship in 102nd place this week. And that’s despite five cashes, which will certainly be impressive for most players.

Can’t Profit for Losing

The downswing is basically because, inspite of the five cashes ( which have garnered him $45,088 thus far), he’s poured $271,111 in to the 31 occasions (with the priciest being the One Drop High Rollers No Limit Hold’em tournament that benefits charity and that paid winner Tony Gregg a healthy $4,830,619 for first. This past year’s $18 million + winner, Antonio Esfandiari, only took fourth this year, and with a buy-in which was almost 1/10th of last year’s $1 million, he made down with a ‘paltry’ $1,433,438 for this year’s fourth place finish. Yes, the rich get richer).

Before you lose any sleep over Negreanu’s downward trend, however, look at this: he’s doing pretty much over all in tournaments so far this year. Back in April, he took down WSOP Australia for $1,087,160, and also made his method t Continue reading Daniel Negreanu Down $226K in World variety of Poker So Far

Pittsburgh Rivers Casino Accused of Racist Policies

Pittsburgh Rivers Casino Accused of Racist Policies

Some constituents are unhappy in what they perceive become racist policies at Pittsburgh’s Rivers Casino

The streams Casino in Pittsburgh is not the kind of casino that always makes headlines. But one politician that is local concerned that the casino has recently placed policies into place that show an ugly pattern one that might, in fact, be discriminatory towards black colored patrons.

Earlier this month, an Allegheny County councilwoman known as Amanda Green Hawkins wrote a page to the casino’s general supervisor. In the page, she asked a question that is pointed why several events that seemed to be aimed at the local African-American community was in fact cancelled, subjected to higher pricing, or faced other unequal conditions.

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

Possibly Racist Policies Questioned

‘There have been allegations of battle discrimination,’ Hawkins said. ‘Constituents have actually called me or written me e-mails about things they will have seen going on [at Rivers Casino] that they say are simply racism.’

There were several examples in present months that prompted the letter. Into the page, Hawkins highlighted an event held month that is last a black motorcycle club called the Pittsburgh Ruff Ryders. The casino found that the big event was overcrowding the area it was being held in, and so shut the event down early. However, th Continue reading Pittsburgh Rivers Casino Accused of Racist Policies