Brightstar signs nine-year agreement to operate Italy Lotto

LONDON - Brightstar Lottery PLC (NYSE:BRSL) announced Tuesday that its subsidiary, LottoItalia S.r.l., has finalized an agreement to operate the Italy Lotto for nine years through November 2034. The company, with a market capitalization of $3.08 billion, is currently trading at $16.20 per share and appears undervalued according to InvestingPro Fair Value estimates.

The consortium led by Brightstar, which includes Allwyn, Arianna 2001, and Novomatic Italia, was formally awarded the license in July 2025 by the Agenize delle Dogane e dei Monopoli following a competitive bid process.

Brightstar, formerly known as International Game Technology PLC, has managed the Italy Lotto license for more than 30 years. The company describes Italy Lotto as the largest fixed odds number game in the world.

"We are delighted to finalize our agreement with ADM and honored to continue being entrusted to operate Italy Lotto," said Renato Ascoli, Brightstar CEO, Global Lottery, in a press release statement.

Brightstar currently serves nearly 90 lottery customers across six continents. The company acts as the primary technology provider to 26 of the 46 lottery jurisdictions in the United States and eight of the world's 10 largest lotteries. Despite recent challenges, InvestingPro data shows Brightstar offers a substantial 5.51% dividend yield and has maintained dividend payments for 11 consecutive years.

The agreement allows Brightstar to continue its long-standing relationship with the Italian lottery market. According to the company, it plans to focus on driving wager growth through new player touchpoints, digitization of the retail experience, and expanding iLottery sales. While not profitable over the last twelve months, analysts tracked by InvestingPro predict the company will be profitable this year, with EPS forecasts of $0.88 for FY2025. For deeper insights on Brightstar and 1,400+ other US equities, explore InvestingPro's comprehensive Research Reports.

In other recent news, Brightstar Lottery PLC reported its third-quarter 2025 earnings, which exceeded expectations with an earnings per share (EPS) of $0.36, surpassing the forecast of $0.22. This represents a notable 63.64% surprise. However, the company's revenue slightly missed projections, coming in at $629 million compared to the anticipated $630.63 million. Additionally, Brightstar Lottery PLC announced a new contract through its subsidiary, Brightstar Global Solutions Corporation, with SAZKA a.s. in the Czech Republic. Under this agreement, Brightstar will provide instant ticket games to SAZKA, leveraging its portfolio of content and patented print and design technology. These developments highlight Brightstar's continued expansion and performance in the lottery sector. Despite the positive EPS results, the stock experienced a minor decline in pre-market trading.

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