Scientific Games Corp
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Scientific Games Shares Take The Typical Merger Hit
Scientific Games shares fell by ~15% in the three days following the merger. That’s typical when a company acquires another company for a premium.
Consolidated Scientific Games: A Stronger Management Team
The executive management team of SGMS includes President and CEO Gavin Isaacs and Executive Vice President and CFO Scott Schweinfurth.
Bally Offers Figures To Assess Pre-merger Operating Performance
Bally provided internal financial projections estimating its unlevered free cash flow to help Macquarie Capital assess its discounted cash flow.
Macquarie Capital finds Scientific Games, Bally Merger Fair
Macquarie Capital’s opinion was provided to Bally’s board of directors in connection with its financial evaluation of the merger consideration.
Why The Merger Was Attractive To Bally’s Board
Merger evaluation The Bally Technologies, or Bally, board of directors closely evaluated the proposed merger with Scientific Games (SGMS) and the transactions contemplated by the merger agreement. The board considered a range of factors before approving the merger agreement and recommending that Bally’s stockholders vote to approve it. Merger consideration The $83.30 per share offered to holders of Bally’s common stock […]
Scientific Games And Bally Technologies: Stronger Together
Scientific Games, WMS Industries, and Bally each have unique portfolios with a wide variety of player preferences that could help drive revenues.
Scientific Games Merger Expected To Yield Cost Synergies
Scientific Games expects to achieve ~$220 million in cost synergies and $25 million in capital expenditure savings by consolidating operations.
Acquisitions Help Casinos Grow Inorganically
Scientific Games agreed to buy WMS Industries for $1.5 billion, emerging as a global supplier of lottery equipment and slot machines to casinos.
A Key Guide To Scientific Games
New York City-based Scientific Games offers customers a fully integrated portfolio of technology, platforms, content, and services.
Background On Bally Technologies
In 1975, slot manufacturer Bally Technologies became the first gaming company to be publicly traded on the New York Stock Exchange.
Scientific Games: Strategic Acquisition of Bally Technologies
In its merger agreement with Bally Technologies, Scientific Games agreed to acquire all outstanding Bally common stock for $83.3 cash per share.
AQR Capital initiated position in Bally Technologies Inc.
AQR Capital initiated a position in Bally Technologies during the third quarter of 2014 that accounts for 0.22% of the fund’s 3Q14 portfolio.
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Company & Industry Overviews
Business overview of Pinnacle Entertainment
Pinnacle Entertainment owns and operates a poker tour as well as various gaming entertainment properties. The company also manages a racetrack.
Overview of Pinnacle Entertainment’s 3Q14 results
Pinnacle Entertainment reported financial results for the third quarter ended September 30, 2014. The company had net revenues of $568.3 million, up 35.7% year-over-year.
GAMCO Investors adds new stake in Bally Technologies
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