LONDON, Sept. 2, 2025 /PRNewswire/ -- Brightstar Lottery PLC (NYSE: BRSL) ("Brightstar") announced today that it will demonstrate its global lottery leadership and present sophisticated lottery solutions at the North American Association of State and Provincial Lotteries ("NASPL") 2025 annual conference, from Sept. 8 – 11, in Niagara Falls, Ontario. For its NASPL debut under the new brand, Brightstar's team of industry-leading people will spotlight the next generation of growth-driving solutions designed to ...

Core Points - Allwyn and Formula 1 announced the first F1 Allwyn Global Community Award, which was awarded to Stichting HandicapNL, along with a donation of €100,000 to support initiatives that enhance accessibility for disabled individuals [1][3][4] - The award aims to recognize outstanding contributions of local initiatives related to F1 in their respective countries, with a focus on social impact [3][5] - The donation will help Stichting HandicapNL expand its activities over the next 12 months, allowing more individuals to participate in events without barriers [3][4] Company Overview - Allwyn is a leading multinational lottery operator focused on innovation, technology, efficiency, and safety, aiming to enhance the lottery business and contribute to social welfare [6] - The partnership with Formula 1 enhances Allwyn's global visibility, leveraging F1's extensive fan base and media reach to promote community initiatives [7] Award Details - The F1 Allwyn Global Community Award is part of a long-term partnership between Allwyn and Formula 1, reflecting their commitment to driving positive change in local communities [3][5] - In the 2025 season, four local initiatives will be selected for the award, covering areas such as education, culture, welfare, and sustainability [3][4]

First F1® Allwyn Global Community Award sees local Dutch initiative presented with the trophy and €100,000 donation from Allwyn to support its impact on the local communityWinner has been recognised for its local community contribution through transforming event accessibility for those with disabilities ZANDVOORT, The Netherlands, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Allwyn, the multi-national lottery-led entertainment company, and Formula 1 have announced Stichting HandicapNL as the winner of the inaugural F1 ...

Group 1: Tax Reforms in Australia - The Australian government aims to implement tax reforms targeting wealthier individuals, with intergenerational fairness as a core principle [3] - Proposed changes may include adjustments to tax benefits on retirement funds in exchange for lower personal income tax rates [3] - The government is considering a corporate tax rate of 20% for businesses with annual revenue below 1 billion AUD, while maintaining a 30% rate for larger companies [3] Group 2: Lottery Price Increase - The Lottery Corporation announced a price increase for Powerball tickets from 1.20 AUD to 1.40 AUD starting November, reflecting a 20 cent rise [8] - The company reported a total revenue of 3.7 billion AUD for the fiscal year, a decline of 6.2% compared to the previous year [8] Group 3: Welfare Benefits Adjustment - Starting September 20, various social security benefits in Australia will be increased, with pensioners receiving the most significant boost of up to 29.70 AUD every two weeks [11] - The annual growth of pensions since the Labor Party took office in 2022 has approached 5000 AUD [11] Group 4: Employment and Unemployment Rates - Victoria has the highest unemployment rate in Australia at 4.6%, exceeding the national average by 0.4 percentage points [13] - The high unemployment rate is attributed to the state government's pandemic response and rapid population growth [13] Group 5: Wealth Distribution in Australia - According to UBS, Australia ranks second globally in median wealth, with an adult median wealth of 268,000 USD (approximately 413,000 AUD) [15] - Real estate constitutes 53% of Australian wealth, significantly higher than the 30% in the United States [15] Group 6: Product Recall - A recall has been issued for certain coconut yogurt products due to undeclared milk allergens, affecting major retailers like Woolworths and Coles [17][18] - Consumers are advised to return the affected products for a full refund [20]

Core Insights - Brightstar Lottery PLC has secured a seven-year contract to provide its Aurora™ retail central system technology and cloud-based software to Sächsische Lotto-GmbH in Saxony, Germany, following a competitive public procurement process [1][2] - The partnership with Lotto Saxony is built on a 30-year history, emphasizing Brightstar's quality, reliability, and understanding of the lottery's business needs [2] - The Aurora platform is part of Brightstar's OMNIA™ solution, designed to enhance lottery innovation and profitability through user-friendly applications and analytics tools [2] Company Overview - Brightstar Lottery serves nearly 90 lottery customers across six continents and is the primary technology provider for 26 of the 46 lottery jurisdictions in the U.S. and seven of the world's ten largest lotteries [3] - The company is recognized as a global leader in lottery technology, focusing on secure and comprehensive solutions for its clients [4] - Brightstar employs approximately 6,000 people and maintains a strong local presence, partnering with governments and regulators worldwide [4]

Core Insights - Brightstar Lottery PLC reported a second quarter revenue of $631 million, reflecting a 3% increase year-over-year, stable at constant currency [4][3] - The company experienced a loss from continuing operations of $60 million compared to an income of $84 million in the prior year, primarily due to foreign exchange losses and restructuring charges [5][9] - Brightstar secured a nine-year Lotto operator license in Italy and completed the sale of its Gaming & Digital business for approximately $4 billion, which will be used for debt reduction and shareholder returns [2][7][20] Financial Performance - Revenue for the second quarter was $631 million, up 3% from $613 million in the same quarter last year [4][3] - Operating income decreased to $139 million, down 22% from $179 million year-over-year, with an operating income margin of 22.0% [3][19] - Adjusted EBITDA was $274 million, a decrease of 5% from $290 million in the prior year, with an adjusted EBITDA margin of 43.5% [8][3] Cash Flow and Liquidity - Net cash provided by operating activities was $265 million, a 6% increase from $250 million in the previous year [3][41] - The company reported total liquidity of $2.9 billion, including $1.3 billion in cash and cash equivalents [15][41] - Free cash flow for the quarter was $167 million, down 21% from $210 million in the prior year [6][42] Shareholder Returns - The Board of Directors declared a special cash dividend of $3.00 per share, payable on July 29, 2025, and announced a $250 million accelerated share repurchase program [20][16] - The company plans to return approximately $1.1 billion to shareholders following the sale of its Gaming & Digital business [20][17] Market Dynamics - Global same-store sales growth for instant ticket and draw games was 2.6%, with product sales revenue increasing by 59% [6][7] - The U.S. multi-state jackpot wager-based revenue decreased by 35%, reflecting elevated jackpot activity in the prior year [38][39] - Instant ticket and draw same-store sales increased across various geographies, with Italy showing a 3.7% increase and the Rest of the World climbing 8.4% [7][39]

And thousands of people in Norway were given false hope after being told they'd won life-changing lottery prizes, only to find out it wasn't true. About 47,000 people were notified they'd won huge prizes up to a million bucks in a Europewide lottery. But the stateowned gambling company, Norse Tipping, said a currency conversion error led prizes to mistakenly be multiplied by 100.Before resigning, the company CEO apologized for giving people false hope. That's pretty terrible. ...

Core Points - Allwyn and Formula 1 have launched the F1® Allwyn Global Community Award to recognize community-focused initiatives within the Formula 1 sport [1][3] - Each winning initiative will receive a €100,000 donation from Allwyn to support community transformation and development [1][3] - The award aims to highlight contributions in education, culture, welfare, or sustainability made by local initiatives related to Formula 1 events [3][4] Company and Industry Overview - Allwyn is a leading multinational lottery operator focused on innovation, technology, efficiency, and safety, aiming to enhance the lottery business and return more profits to social causes [5] - The collaboration with Formula 1 reflects both companies' commitment to driving positive change and giving back to the communities where they operate [4][5] - The F1® Allwyn Global Community Award will be presented at four Grand Prix events in the 2025 season, starting with the Formula 1® Heineken Dutch Grand Prix [5][7]

Thousands in Norway told they won up to millions in lottery error https://t.co/9kadwieRkt ...

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]