WMS Industries (WMS) in the News
Based out of Waukegan, Illinois, WMS Industries, Inc. is a provider of global gaming products. The company specializes in the distribution of video lottery terminals and gaming machines. Brian R. Gamache is the Chairman of the Board and Chief Operating Officer of WMS. Orrin J. Edidin is the President of the company. WMS currently has distribution centers based all across the world including in China, Italy, the United States, Spain, South Africa, Argentina, the United Kingdom, and Australia.
Latest WMS Industries Company Stock News
J.P. Morgan analyst, Joseph Greff told his clients that weakness in the gaming sector could represent a buying opportunity for investors, since shares of WMS Industries have fallen significantly from its January high.
WMS Gaming Inc. a wholly owned subsidiary of WMS Industries Inc. has signed a Global Technology Agreement with FutureLogic Inc, the leading manufacturer of thermal ticket printers for cashless gaming.
WMS Industries Inc. reported record fiscal second quarter financial results for the period ended December 31, 2009.
WMS Gaming Inc., a subsidiary of WMS Industries Inc will debut over 100 gaming products enabled with proprietary technologies and player-appealing game content at the International Gaming Expo 2010 in London later this month.
Although more than 50 jurisdictions have voted to opt out of participation in Illinois’ planned video lottery market, WMS Industries and Betson, have entered into an alliance with The funding Stop LLC, to provide equipment financing.
As 2009 winds down and the casino and gaming industry looks towards 2010 to revive dwindling balance sheets, companies such as WMS industries Inc that report financials on a fiscal calendar year, announce that they plan to releases 2010 fiscal second quarter results after the markets close on Tuesday January 26.
WMS Industries has been striving to develop interactive games that change the face of slot machines since they launched their Monopoly branded game more than 10 years ago.
WMS Gaming Inc a subsidiary of WMS Industries Inc, was awarded the 2009 Gaming Industry Product Interoperability Award by Gaming & Leisure Magazine.
WMS Industries Inc will join forces with International Game Technology’s sever based network to install a floor and media manager program in the management system that will be used by ARIA Resort, a development within MGM Mirage’s city center opening in December.
WMS Industries announced it is opening a new research facility, the Casino Evolved Advanced Technology Lab, in Chicago. The purpose will be to develop and research new products in forming a cohesive network for gaming floors.
Continued expansion of regional gambling and new allowances of slot machines is treating the gaming supply companies well, as new laws create new opportunities for casino game manufacturers. Such companies as Bally’s Technologies, International Game Technology, and WMS Industries are all enjoying the booming business and resulting value.
After Barron’s gave WMS Industries a less-than-glowing review yesterday, the stock tread water while most of the market moved up smartly. Barron’s contended that WMS’ s relative surge is deceptive and that hard times are ahead for the slot manufacturer.
WMS Industries announced it would contract with HCL Technologies to create software for customer relationship management relating to its casino slot machines. The move is considered the next step in developing WMS’ planned stages of networked gaming.
Analysts upgraded WMS Industries while downgrading International Game Technology, as surveys showed slot managers were more likely to add WMS games at the expense of IGT.
While many businesses would be thrilled just to hold steady as the recession buffets the investment world, WMS Industries CEO Brian Gamache says his company expects better than ten percent revenue growth for the current year.
While many casino operators and other companies in the gaming sector have followed bad news and dropping stock prices with more of the same, at least one leading analyst thinks WMS Industries presents a better picture.
As anticipated, WMS Industries announced a significant profit increase in yesterday evening’s earnings report for the fiscal second quarter. The slot machine manufacturer had its second straight quarter with a jump of over forty percent in profits.
Casino game manufacturer WMS Industries will announce results for its fiscal second quarter today after the market closes, at 4:30 p.m.
Motley Fool, the investment advice site, included WMS Industries in an article regarding companies belonging to a strong growth industry. The Fool found that companies like WMS in the field of diversified electronics had similar qualities that lead to positive investment potential.