CasinoCityTimes.com

Gurus
News
Newsletter
Author Home Author Archives Author Books Send to a Friend Search Articles Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Recent Articles
Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Slot machine maker sees its profits decline in third quarter

7 May 2013

Slot machine maker WMS Industries Incorporated saw its profits decline in the third quarter, company representatives said Monday.

The Illinois-based manufacturer, which is being acquired by lottery equipment provider Scientific Games in a $1.5 billion buyout, said its net income for the quarter that ended March 31 was $7.5 million, or 14 cents per share. In the same quarter a year ago, WMS reported net income of $22.1 million, or 40 cents per share.

The company grew total revenues 1 percent to $177.9 million.

The sale to Scientific Games is expected to close this year.
Slot machine maker sees its profits decline in third quarter is republished from Online.CasinoCity.com.