Illegal Russian Casinos Just Role of the Gaming Picture
The old coal mining adage that ‘I owe my soul towards the company shop’ has taken on bizarre meaning with the recent discovery of a underground immigrant slave garment manufacturing ‘village’ in Moscow, replete with a equally illegal casino. The underground city which held 200 Asian employees held captive against their might was found by authorities in just one more raid, one of hundreds to happen throughout Russia; a country where gambling, like vodka, seems to take the genes (and undoubtedly, jeans).
Just Say Nyet to Gambling
Massive police raids of the country’s underground (not necessarily literally) casinos have generated some 662 shutdowns up to now, while the Russian Interior Ministry’s Moscow workplace says that an ancillary special ops task force has slammed the doors on 4,747 joints which were supplying moonshine that is illegal, towards the tune of 31 a great deal of booze in most. Your livers will thank you later on, Russkies.
The casino cloud that is prohibition-style hangs over Russia started right back in summer of 2009; that’s when gambling in all but four significantly hard-to-access designated gambling regions were pronounced as illegal gambling zones. (We’re pretty sure booze isn’t unlawful anywhere there, but perhaps absolutely nothing in short supply of ethyl alcohol will give their jaded livers a jolt anymore).
Hey Big Spender
And while Russia’s average-guy take home pay just under $21,000 is below
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Scientific Games Corp. Buying WMS to Create Major Lottery, Slot Brand
We have a winner if you bet that the $1.5 billion acquisition of slot machine manufacturer WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s street cred on Wall Street, please step forward: ding ding ding! The buyout is anticipated to bring both WMS and Scientific Games in the neighborhood of $100 million in complementary cost-savings between the 2 companies that are merged and that is making investors’ ears perk up.
Lottery Suits Slots
Scientific has been on the lookout for a video slot maker for awhile now; the organization provides lottery systems while the equipment to run the same to numerous US states, Canadian provinces and also some countries that are foreign. Don’t expect Nevada being one of those though; not gonna happen.
For WMS stockholders, life is great; Scientific Games shelled out $26 per WMS share, which was roughly 59 percent over what the slot manufacturer shut at back on Jan. 31 of this present year.
‘We carry on to grow more comfortable with the pending WMS acquisition from both a simple and much more importantly company stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at a current investor meeting.
Gaming Platforms Will Benefit Lottery Customers
And though Nevada may never be getting a state lottery anytime quickly, Scientific can nevertheless make good use of WMS’ social- and in
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