Tag: las vegas lotto
Don’t Expect a Nevada Lottery Any Time Soon
June 20, 2013
From Pokerati Let’s halt one rumor before it gains traction. Scientific Games Corp.’s $1.5 billion acquisition of slot machine manufacturer WMS Industries doesn’t mean a statewide lottery is headed to Nevada. New York-based Scientific Games provides lottery systems and equipment to U.S. states, Canadian provinces and foreign governments. The company was actively seeking to acquire a traditional slot machine vendor when the buyout was announced in February. It wasn’t about bringing a lottery to Nevada. That said, Wall Street, which was skeptical about the deal, is starting to find some comfort with the transaction. Scientific Games is paying $26 per…