Scratch-Off Maker Drops $1.5B For Video Gaming Co.

Law360, New York (January 31, 2013, 7:01 PM EST) -- Instant lottery leader Scientific Games Corp. has inked a $1.5 billion deal to combine its scratch-off and electronic gaming empire with WMS Industries Inc.'s video gambling operation, the buyer announced on Thursday.

Scientific Games will pay out $26 per share for the Illinois-based WMS, which specializes in gaming machines and interactive gaming content, according to a statement from the buyer.

"The acquisition of WMS is transformational for Scientific Games, enabling us to offer a complete portfolio of lottery and gaming products and services to both new and existing customers around the world," Scientific Games Chairman and CEO A. Lorne Weil said...

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