Scientific Games execs confirmed following WMS merger
Combined company to be split into two groups with Scientific Games A. Lorne Weil retaining chief executive role
Lottery and gaming software provider Scientific Games has announced its senior corporate executives will retain their roles after the imminent closing of its merger with WMS Industries.
In January, Scientific Games agreed to buy the slot game manufacturer for US$1.5bn with the deal expected to close in the coming months.
Following completion of the merger, the combined company will be split into two industry groups, gaming and lottery, with A. Lorne Weil retaining his role as chairman and chief executive officer of the company.
The gaming arm, which includes Williams Interactive, will be led by William Huntley who will serve as executive vice president and group chief executive of gaming. The lottery group will be headed up by James C. Kennedy, who will serve as Executive Vice President, Group Chief Executive of Lottery.
In a statement, Weil said the announcement of the senior roles was an important step for the company as it looks for future growth in the lottery and gaming industries.
“I am excited about the experienced leadership team we have chosen to take Scientific Games to the next level of success,” he said. “We are uniting two highly complementary businesses and creating a collaborative team focused on delivering new solutions, truly innovative content, world-class technology and industry-leading services to customers around the globe.”
In May Scientific Games saw its first quarter revenues decline 5% year-on-year, falling from $231.2m in 2012 to $219.6m, with the solutions provider citing costs associated with the WMS acquisition as a contributing factor.