UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 001-36906 BRIGHTSTAR LOTTERY PLC (Translation of registrant's name into English) 2 Table of Contents FORWARD-LOOKING STATEMENTS This Form 6-K may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) conc ...

Core Insights - International Game Technology PLC (IGT) has signed an eight-year agreement with Atlantic Lottery to supply its IntelligenEVO™ video lottery central system technology across Atlantic Canada, marking a significant partnership in the gaming industry [1][2] - This agreement positions Atlantic Lottery as the first World Lottery Association-affiliated operator to implement IGT's next-generation central management system in a game-to-system distributed market, enhancing its operational capabilities [1][2] Company Overview - IGT is a global leader in gaming, providing a wide range of gaming experiences across various channels and regulated segments, including lotteries, gaming machines, sports betting, and digital platforms [4] - The company emphasizes innovation, player insights, and operational expertise, aiming to deliver engaging gaming experiences that drive growth [4] - IGT has a strong local presence and relationships with governments and regulators in over 100 jurisdictions, employing approximately 11,000 individuals [4] Technology and Features - The IntelligenEVO technology is designed to enhance system performance and player experience, focusing on system security, network availability, and responsible gaming functionalities [2] - The solution is scalable and backed by decades of operator feedback, maximizing the benefits of real-time data, cloud-based technologies, and in-depth analytics [2] - IntelligenEVO's game-to-system and open API design optimizes data collection and delivery, allowing Atlantic Lottery to customize its offerings to meet evolving player needs [2]

Core Insights - International Game Technology PLC (IGT) has signed a new three-year sports betting technology agreement with Boyd Gaming Corporation, extending their partnership through August 2028 [1][2] - The agreement allows IGT's PlaySports platform to continue powering Boyd Gaming's retail and mobile sports betting offerings in Nevada, building on a partnership that began in 2018 [1][2] Company Overview - IGT is a global leader in gaming, providing a wide range of gaming experiences across various channels, including lotteries, gaming machines, sports betting, and digital platforms [4] - The company emphasizes innovation, player insights, and operational expertise to deliver engaging gaming experiences and drive growth [4] - IGT has a significant presence in over 100 jurisdictions worldwide and employs approximately 11,000 people [4] Technology and Performance - IGT PlaySports technology is also utilized in Boyd Gaming-owned casinos across multiple states, including Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Ohio, and Pennsylvania [3] - IGT PlaySports was recognized as the "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards, highlighting its industry leadership [3]

Core Insights - IGT has launched the RISE55 cabinet in the U.S. market, enhancing its hardware portfolio and providing a new platform for engaging players with innovative games [1] - The RISE55 cabinet features the Class III premium launch title, Magic Treasures Gold, which includes advanced features and multiple jackpot levels [1] - Additional core titles such as Treasure Blast™ and Wolf Run Wild Moon™ have also been released for the RISE55 cabinet [2] Company Overview - IGT is a global leader in gaming, offering a wide range of gaming experiences across various channels, including lotteries, gaming machines, sports betting, and digital platforms [3] - The company emphasizes innovation, player insights, and operational expertise to deliver engaging gaming experiences [3] - IGT operates in over 100 jurisdictions worldwide and maintains a workforce of approximately 11,000 employees [3]

Summary of International Game Technology Italy Lotto Tender Update Conference Call Company and Industry - **Company**: International Game Technology (IGT) - **Industry**: Lottery and Gaming Key Points and Arguments Lotto License Update - IGT announced a new nine-year license for the Italian Lotto, extending operations through November 2034 [5][15] - The upfront license fee is $2.23 billion, significantly higher than the previous fee, reflecting the expected value creation [6][15] - IGT has managed the Lotto business for over 30 years, providing exceptional returns for both the Italian government and shareholders [5][6] Revenue and Growth Strategy - IGT plans to grow revenue and cash flows by investing in the existing iLottery business and developing a new B2C digital iCasino and sports betting platform [6][14] - The company aims to increase iLottery penetration in Italy, which currently lags behind other high lottery markets, with a 26% CAGR over the last five years [8][11] - IGT's digital strategy includes the My Lotteries app, which is currently the most downloaded gaming app in Italy, designed to enhance player experience and engagement [11][12] Financial Metrics and Projections - The new B2C digital distribution licenses will earn an 8% gross fee on all wagers, in addition to the current 6% concession rate [15][46] - IGT expects to generate cash flows similar to the previous nine years despite the higher upfront fee, justifying the investment [24] - Approximately $150 million in CapEx is required to upgrade Lotto infrastructure, with an additional $30 million for the new digital distribution model [16][15] Market Penetration and Player Engagement - IGT has identified significant cross-selling opportunities between lottery players and digital gaming, with a 25% overlap between digital lottery players and those engaged in iCasino and sports betting [12][45] - The company aims to enhance the retail experience through state-of-the-art technology and a robust point of sale network, which includes 35,000 outlets [10][40] Competitive Landscape and Future Outlook - The company recognizes the competitive nature of the lottery industry, with only a few players capable of managing large-scale operations [70] - IGT is committed to leveraging its technology and expertise to drive growth in both retail and digital segments, aiming to align iLottery penetration with European benchmarks [14][64] - The management expressed confidence in achieving compelling IRR consistent with planned returns on large contracts, supported by digital expansion and operational efficiencies [47][48] Additional Considerations - The company is not planning to enter the retail side of the B2C business but will focus on enhancing its digital offerings [78] - Future capital allocation plans will be discussed as the company approaches the closing of the Voyager transaction, with a commitment to returning capital to shareholders [51][53] Conclusion - IGT is optimistic about the future of the Lotto business in Italy, with a clear strategy to enhance digital offerings and drive growth through innovation and technology [99]

Core Insights - The article discusses the performance of International Game Technology (NYSE: IGT) over the past two months, indicating that the investment call has not met expectations [1]. Company Analysis - International Game Technology (IGT) has been under scrutiny for its stock performance, with the author expressing disappointment in the investment call results [1]. Industry Context - The analysis is part of a broader focus on restaurant stocks, with the author emphasizing the importance of advanced analytical models and specialized valuation techniques in making informed investment decisions [1].

Core Insights - International Game Technology PLC (IGT) has been proposed as the leading entity in a consortium for the Italy Lotto License, which is a significant lottery contract globally [1][2] - The consortium, LottoItalia, includes Allwyn, Arianna 2001, and Novomatic Italia, and the award notice from the Agenzia delle Dogane e dei Monopoli (ADM) is expected within 35 days [1][2] - IGT's CEO expressed confidence that the €2,230 million investment in upfront fees will enhance revenue and profit potential, with plans for innovation and growth in various gaming sectors [2] Financial Details - The consortium's bid includes a €2,230 million upfront license fee, payable in three installments, with the first two installments of €500 million and €300 million expected in 2025 [2] - The license term is nine years, securing operations until November 2034, with a concession rate of six percent on total wagers and an additional eight percent gross fee from digital channels [3] Strategic Plans - IGT aims to drive Lotto wager growth through an innovation pipeline and plans to significantly increase iLottery sales while expanding into B2C iCasino, sports betting, and other digital gaming businesses [2][3] - The operational control of the business remains with IGT, while Allwyn Entertainment will contribute a pro-rata share of license fees and capital expenditures [3]

Core Insights - International Game Technology PLC (IGT) won the "Best Casino Supply" category at the 2025 G2E Asia Awards, highlighting its commitment to delivering quality gaming experiences in the Asia-Pacific region [1][2] - The success of IGT's Rising Rockets Link game, which has become the highest-performing game in Asia, was a significant factor in this recognition [2] Company Performance - IGT's Rising Rockets Link is a multi-level progressive game that combines proven mechanics with strong mathematical foundations, contributing to its popularity among players [2] - The game is showcased on IGT's CrystalCurve™49 and PeakCurve™49 cabinets, enhancing its presentation and player engagement [2] Industry Recognition - The G2E Asia Awards, now in their 16th year, are evaluated by industry experts and recognize excellence and innovation in the gaming and entertainment sector across Asia [1]

[Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This section provides cautionary forward-looking statements on future plans and financial performance, including the proposed IGT Gaming & Digital sale, noting potential deviations from expectations - The report includes forward-looking statements concerning future plans, strategies, growth, and financial conditions, which are subject to significant risks and uncertainties[7](index=7&type=chunk) - A major subject of these forward-looking statements is the proposed sale of the IGT Gaming & Digital business to a buyer owned by Apollo Funds[7](index=7&type=chunk) - Factors that could cause actual results to differ include macroeconomic uncertainty, trade restrictions, currency fluctuations, and other risks detailed in the company's Form 20-F[7](index=7&type=chunk) [PART I: FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) This section presents the unaudited condensed consolidated financial statements, management's discussion, market risk disclosures, and internal controls for the first quarter [Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Q1 2025, including balance sheets, income, and cash flows, with the IGT Gaming business classified as discontinued operations [Financial Statements Overview](index=5&type=section&id=Financial%20Statements%20Overview) The company's Q1 2025 financial overview shows total assets of $10.34 billion, a revenue decline to $583 million, and increased net cash from operations Key Financial Data (Q1 2025 vs Q1 2024) | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | **Statement of Operations ($ in millions)** | | | | Total Revenue (Continuing Ops) | $583 | $661 | | Operating Income (Continuing Ops) | $138 | $219 | | Net Income Attributable to IGT PLC | $27 | $82 | | Diluted EPS Attributable to IGT PLC | $0.13 | $0.40 | | **Balance Sheet ($ in millions)** | **March 31, 2025** | **Dec 31, 2024** | | Total Assets | $10,340 | $10,278 | | Total Liabilities | $8,346 | $8,217 | | Total Shareholders' Equity | $1,994 | $2,061 | | **Cash Flow ($ in millions)** | **Q1 2025** | **Q1 2024** | | Net Cash from Operating Activities | $224 | $120 | [Note 3. Discontinued Operations and Assets Held for Sale](index=12&type=section&id=Note%203.%20Discontinued%20Operations%20and%20Assets%20Held%20for%20Sale) IGT agreed to sell its Gaming business for $4.05 billion, classifying it as discontinued operations with $4.81 billion in assets held for sale - IGT agreed to sell its IGT Gaming business for approximately **$4.05 billion** in cash to a buyer owned by Apollo Funds. The deal is expected to close by the end of Q3 2025[32](index=32&type=chunk) Assets and Liabilities Held for Sale (as of March 31, 2025) | Category | Amount ($ in millions) | | :--- | :--- | | Assets held for sale | 4,806 | | Liabilities held for sale | 1,003 | Income from Discontinued Operations | Period | Income from Discontinued Operations, Net of Tax ($ in millions) | | :--- | :--- | | Q1 2025 | 52 | | Q1 2024 | 13 | [Note 4. Revenue Recognition](index=14&type=section&id=Note%204.%20Revenue%20Recognition) Total revenue from continuing operations decreased to $583 million in Q1 2025, driven by declines in both service revenue and product sales Disaggregation of Revenue (Continuing Operations) | Revenue Source ($ in millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Service revenue | 557 | 619 | | Product sales | 26 | 42 | | **Total revenue** | **583** | **661** | - At March 31, 2025, the transaction price allocated to unsatisfied performance obligations for contracts longer than one year is approximately **$871 million**[44](index=44&type=chunk) [Note 9. Debt](index=17&type=section&id=Note%209.%20Debt) Total debt increased to $5.68 billion as of March 31, 2025, following a new €1 billion term loan facility agreement Total Debt Summary | Date | Total Debt ($ in millions) | Fair Value ($ in millions) | | :--- | :--- | :--- | | March 31, 2025 | 5,679 | 5,662 | | December 31, 2024 | 5,361 | 5,346 | - On March 14, 2025, the company entered into a new **€1 billion** senior facilities agreement (the "2030 Facilities"), consisting of two **€500 million** tranches. Facility A was utilized on March 24, 2025[57](index=57&type=chunk) [Note 12. Shareholders' Equity](index=20&type=section&id=Note%2012.%20Shareholders'%20Equity) The company declared and paid a quarterly cash dividend of $0.20 per share in Q1 2025, with another declared for June 2025 - In Q1 2025, the Board declared a quarterly cash dividend of **$0.20 per share**, paid on March 25, 2025[70](index=70&type=chunk) - On May 8, 2025, the Board declared another quarterly cash dividend of **$0.20 per share**, payable on June 12, 2025[70](index=70&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results for continuing lottery operations, detailing revenue decline, operating margins, and liquidity changes [Business Overview](index=23&type=section&id=Business%20Overview) The company is transitioning to a pure-play lottery business following the pending $4.05 billion sale of its IGT Gaming segment - Following the pending sale of IGT Gaming, the company operates as a pure-play lottery business, providing lottery management services and systems globally[83](index=83&type=chunk)[84](index=84&type=chunk)[86](index=86&type=chunk) - The sale of IGT Gaming to an entity owned by Apollo Funds for **$4.05 billion** cash is expected to close by the end of Q3 2025[85](index=85&type=chunk) [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Total revenue from continuing operations decreased by 12% to $583 million in Q1 2025, primarily due to lower LMA incentive revenue and reduced jackpot activity Revenue from Continuing Operations (Q1 2025 vs Q1 2024) | ($ in millions) | 2025 | 2024 | Change $ | Change % | | :--- | :--- | :--- | :--- | :--- | | Service revenue | 557 | 619 | (62) | -10% | | Product sales | 26 | 42 | (17) | -39% | | **Total revenue** | **583** | **661** | **(78)** | **-12%** | - The revenue decline was driven by a **$32 million** reduction in LMA incentive revenue and a **46.1%** drop in same-store sales for U.S. multi-state jackpot games[94](index=94&type=chunk) Operating Margin (Continuing Operations) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Operating Income ($ in millions) | $138 | $219 | | Operating Margin (%) | 24% | 33% | [Liquidity and Capital Resources](index=28&type=section&id=Liquidity%20and%20Capital%20Resources) Total liquidity increased to $2.15 billion at March 31, 2025, with net cash from continuing operating activities rising to $168 million Total Liquidity | ($ in millions) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Revolving Credit Facilities | 1,519 | 1,364 | | Cash and cash equivalents | 631 | 584 | | **Total Liquidity** | **2,150** | **1,948** | - Net cash provided by operating activities from continuing operations increased to **$168 million** in Q1 2025 from **$65 million** in Q1 2024, primarily due to favorable timing of tax and interest payments[116](index=116&type=chunk) - Net cash used for investing activities from continuing operations increased to **$78 million** from **$37 million** YoY, mainly due to a **$42 million** increase in capital expenditures[117](index=117&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company states that there have been no material changes to its market risk disclosures since its 2024 Form 20-F filing - There have been no material changes to the disclosure under "Part I, Item 11. Quantitative and Qualitative Disclosures About Market Risk" included in the 2024 Form 20-F[123](index=123&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) The company reports no material changes in its internal control over financial reporting during the first quarter of 2025 - No changes in internal control over financial reporting occurred during Q1 2025 that have materially affected, or are likely to materially affect, the company's internal controls[124](index=124&type=chunk) [PART II: OTHER INFORMATION](index=31&type=section&id=PART%20II%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, and details on unregistered sales of equity securities and use of proceeds [Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings) The company confirms involvement in various legal proceedings with no material developments since the 2024 Annual Report on Form 20-F - The company is party to various legal proceedings in the ordinary course of business[125](index=125&type=chunk) - There have been no material developments to the litigation disclosed in the Annual Report on Form 20-F filed on February 25, 2025[126](index=126&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) The company states that there have been no material changes to its risk factors since its 2024 Form 20-F filing - There have been no material changes to the risk factors disclosed in the 2024 Form 20-F[127](index=127&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No common stock repurchases occurred in Q1 2025, with $156 million repurchased under the $300 million program since inception - No repurchases of common stock were made during the first quarter ended March 31, 2025[128](index=128&type=chunk) - The company has a **$300 million** share repurchase program authorized in November 2021. Since inception through March 31, 2025, **$156 million** (**6.9 million** shares) has been repurchased[129](index=129&type=chunk)

Financial Data and Key Metrics Changes - The company reported Q1 revenue of $583 million, down from $661 million in the prior year, primarily due to lower jackpot activity and associated LMA impacts [25][30] - Adjusted EBITDA for the quarter was $250 million, with a margin of 43%, despite the challenges faced [7][24] - Cash conversion ratio was 67%, consistent with the previous fiscal years, generating $168 million in cash from operations [29][30] Business Line Data and Key Metrics Changes - Instant ticket and draw games accounted for about 95% of annual wager-based revenue and nearly 80% of total revenue, with same-store sales rising nearly 1.5% globally [6][10] - iLottery sales increased by 26%, driven by successful game launches in states like Georgia and Kentucky [12][20] - In Italy, normalized same-store sales growth was 2%, with strong performance from Scratch and Win and Lotto games [8][10] Market Data and Key Metrics Changes - U.S. sales were stable, with large jurisdictions like California and Florida experiencing growth due to new game launches [10][11] - The company noted that the macroeconomic environment is uncertain, but lottery sales in the U.S. and Italy have historically shown resilience during recessions [20][21] - The Rest of World segment contributed under 15% of total revenue but showed positive growth driven by strong EuroMillions jackpots [66] Company Strategy and Development Direction - The company is focused on product innovation, including the recent shift of Mega Millions to a $5 price point, which is expected to enhance sales [13][51] - Strategic initiatives include expanding retail touchpoints and optimizing the point of sales network, with investments in self-service lottery vending machines and in-lane purchasing solutions [14][16] - The company is transitioning to a cloud-based iLottery platform to improve player experience and scalability [18][84] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the macroeconomic environment and its potential impact on consumer spending, while remaining optimistic about long-term growth prospects [20][30] - The company expects full-year 2025 revenue of approximately $2.55 billion and adjusted EBITDA of $1.1 billion at the low end of the outlook range [30][31] - Management anticipates a normalization of jackpot activity in the second half of the year, which should positively impact profit margins [28][42] Other Important Information - The Italian Lotto license process is underway, with economic proposals to be opened on May 19, which is a significant milestone for the company [21][72] - The company successfully issued a new €1 billion term loan to enhance liquidity ahead of the Lotto license award [29][30] - The gaming and digital assets sale is on track to close in Q3, which will further strengthen the company's financial position [22][30] Q&A Session Summary Question: Can you elaborate on the guidance revision and its relation to the macro environment? - Management indicated that the macro environment is fluid, with stability in core player demand, but volatility primarily associated with jackpot performance and related LMA impacts [36][37] Question: What is the impact of the Mega Millions $5 shift? - Management is optimistic about the potential impact of the price increase, noting that historical price changes have led to increased sales volume [51][52] Question: What is the status of the Texas Lottery renewal process? - The legislative session in Texas is ongoing, with clarity expected after June 2, and the procurement process is still proceeding [55][56] Question: Can you provide insights on the Italian market growth? - Growth in the Italian market is attributed to ongoing innovation in lottery products, with a combination of new product launches and volume growth contributing to the increase [88][89] Question: How does the company plan to manage its financial position amid increasing debt? - Management noted that half of the recent debt increase was due to foreign currency translation, and they expect to maintain positive cash flow despite heavy CapEx [83][84]