{"id":7765,"date":"2014-08-01T17:25:44","date_gmt":"2014-08-01T17:25:44","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/08\/01\/scientific-games-to-buy-bally-technologies-for-5-1-billion\/"},"modified":"2014-08-01T17:25:44","modified_gmt":"2014-08-01T17:25:44","slug":"scientific-games-to-buy-bally-technologies-for-5-1-billion","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/08\/01\/scientific-games-to-buy-bally-technologies-for-5-1-billion\/","title":{"rendered":"Scientific Games to Buy Bally Technologies for $5.1 Billion"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\n(Bloomberg) \u2014 Scientific Games Corp. agreed to buy Bally Technologies Inc. for about $5.1 billion, including debt, combining the two makers of slot machines and lottery games.<\/p>\n<p>\tScientific Games will pay $83.30 in cash per Bally common shares, the companies said in a statement today, a premium of 38 percent over Bally\u2019s closing price yesterday.<\/p>\n<p>\tThe industry has been consolidating in the past years. Bally, based in Las Vegas, bought SHFL Entertainment Inc. for $1.3 billion last year, and Scientific Games itself purchased WMS Industries Inc. for about $1.5 billion. Scientific Games, which is controlled by billionaire Ronald Perelman, appointed former SHFL Entertainment Chief Executive Officer Gavin Isaacs as its CEO in June.<\/p>\n<p>\tThe companies anticipate $220 million in annual cost savings and $25 million in annual capital-expenditure savings by consolidating operations and generating efficiencies in the areas of manufacturing, engineering, field and customer service and administrative operations.<\/p>\n<p>\tThe deal, which includes net debt of $1.8 billion, will immediately add to Scientific Games\u2019s earnings per share, according to the statement.<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) \u2014 Scientific Games Corp. agreed to buy Bally Technologies Inc. for about $5.1 billion, including debt, combining the two makers of slot machines and lottery games. Scientific Games will pay $83.30 in cash per Bally common shares, the companies&#8230;<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7765","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7765"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7765\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}