Philly.com Business - Oct 14, 2009WMS Industries Inc. (WMS)
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Brian McGill
at
Janney Montgomery Scott"Equipment manufacturers are the best way to play the gambling group," according to Janney Capital Markets analysts Brian McGill and Bill Strauss. In a report today, they tell clients to buy slot machine makers Bally Technologies, ICT and
WMS Gaming. How's that? There's already 800,000 slot machines in the U.S and Canada. "Our forecast shows a drastic drop in new units after a strong 2009," McGill and Strauss acknowlege. But "there is pent up demand for replacements," with 40,000 slot machines going out the factory doors this year, 50,000 next year, and 60,000 to 80,000 in 2011.
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<span class="sent">"Equipment manufacturers are the best way to play the gambling group," according to Janney Capital Markets analysts <span class="analyst">Brian McGill</span> and Bill Strauss. </span> In a report today, they tell clients to buy slot machine makers Bally Technologies, ICT and <span class="company">WMS</span> Gaming. How's that? There's already 800,000 slot machines in the U.S and Canada. "Our forecast shows a drastic drop in new units after a strong 2009," McGill and Strauss acknowlege. But "there is pent up demand for replacements," with 40,000 slot machines going out the factory doors this year, 50,000 next year, and 60,000 to 80,000 in 2011.
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