Just downgraded by an analyst from Janney Capital Markets, for the reason that the replacement of the slot machines may be very slow in next 18 months, WMS now was need to focus on the other issue.
There is a company in intellectual property rights field call MGT Gaming just announced that it is suing the following five companies for patent infringement: MGM Resorts International (MGM), Caesar's Entertainment Corporation (CZR), Penn National Gaming (PENN), WMS Industries (WMS), and Aruze Gaming. Casinos and slot machine manufacturers are allegedly infringing upon this patent with their group play slot machines. WMS was in the list.
Since the slot machines are really popular in casino and WMS heavily rely on this part to gain the profits, the market size is really huge. If MGT win this lawsuit, WMS, as the third largest American slot machine manufacturer, may pay the royalties to the MGT, which may not affect WMS too much, but will definitely help MGT gain profit and double their stock price, maybe they will become a new rival for WMS.
Indeed, Forbes reported on this lawsuit (see link below). Fortunately, the court will decide whether MGT Capital Investments intellectual property claims are valid or whether WMS infringed on this patent. Should be a nasty fight.
Look at her other posts, she (?) is an MGT tout and probably holds most of the shares. If they really are suing all these people then they are hoping for a settlement to stay afloat. As to the merits of the lawsuit itself, those games have been around a number of years now, probably longer than MGT itself, and it's awfully late to start crying foul.