SAP sued by o9 Solutions over alleged trade secret theft
LONDON - Brightstar Lottery PLC (NYSE:BRSL) announced Thursday that its subsidiary, Brightstar Global Solutions Corporation, has secured a new contract with SAZKA a.s. to provide instant ticket games to lottery players in the Czech Republic. The company, currently valued at $3.16 billion, appears undervalued according to InvestingPro analysis, with the stock trading at $16.64, well below its Fair Value estimate.
Under the agreement, SAZKA, which is part of Allwyn and is the Czech Republic's largest and oldest lottery company, will gain access to Brightstar's portfolio of instant ticket content and innovations, including the company's patented print and design technology.
"SAZKA has enjoyed a longstanding partnership with Brightstar, and we look forward to enhancing our instant ticket offerings for our players with Brightstar's innovative portfolio," said David Schenk, Chief Marketing Officer at SAZKA, which is preparing to rebrand as Allwyn next year.
Marco Tasso, Brightstar's Chief Operating Officer of Italian and International Lottery Operations, noted that the company has "strong foundational knowledge of the Czech market" due to its established relationship with SAZKA. Despite reporting a net loss in the last twelve months, InvestingPro data shows analysts expect Brightstar to return to profitability this year, with forecasted earnings per share of $0.88.
Brightstar currently serves nearly 90 lottery customers across six continents and 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, according to the company's press release statement.
Brightstar Lottery PLC employs approximately 6,000 people globally and describes itself as a "premier pure play global lottery company" providing lottery operations, retail and digital solutions, and lottery games.
In other recent news, Brightstar Lottery reported its third-quarter 2025 earnings, revealing an impressive earnings per share (EPS) of $0.36, surpassing analyst forecasts of $0.22. This represents a 63.64% surprise, showcasing the company's strong performance in this metric. However, revenue slightly missed expectations, coming in at $629 million compared to the anticipated $630.63 million. Despite the EPS beat, the company's stock experienced a minor decline in pre-market trading. Analysts had projected a more robust revenue performance, but the company fell just short of these expectations. While the earnings report reflects a mixed outcome, the significant EPS beat is a notable highlight for investors. These developments are part of the latest updates regarding Brightstar Lottery.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.