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Brightstar Lottery PLC Announces Successful Pricing of $750,000,000 of Senior Secured Notes Due 2033 and Notice of Redemption of All of Its 6.25% Senior Secured Notes Due 2027
Prnewswire· 2025-12-03 21:05
Core Viewpoint - Brightstar Lottery PLC successfully priced $750 million in 5.750% Senior Secured Notes due 2033, intending to use the proceeds to redeem existing 6.25% Senior Secured Notes due January 15, 2027, at a redemption price of $1,012.20 per $1,000.00 [1] Group 1: Financial Details - The Notes will be issued by Brightstar and its wholly-owned subsidiary, Brightstar Global Solutions Corporation, and guaranteed by certain other subsidiaries [1] - The settlement of the Notes is expected to occur on December 15, 2025, subject to customary market conditions [1] - The proceeds will be used to redeem $750 million of the outstanding 6.25% Notes due 2027 and to cover debt issuance costs [1] Group 2: Regulatory and Market Information - Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin [1] - The Notes are being offered only to qualified institutional buyers and non-U.S. persons outside the United States [1] Group 3: Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, known for delivering secure technology and comprehensive solutions [2] - The company employs approximately 6,000 people and partners with governments and regulators worldwide [2]
Brightstar Lottery PLC Announces a Benchmark Offering of Senior Secured Notes Due 2033
Prnewswire· 2025-12-02 08:20
Core Viewpoint - Brightstar Lottery PLC announced a benchmark offering of senior secured notes due 2033, aiming to raise funds to redeem a portion of its existing senior secured notes due 2027 and cover related debt issuance costs [1][3]. Group 1: Offering Details - The offering consists of senior secured notes denominated in US dollars, with a total amount of $500,000,000 intended for redemption of the existing $750,000,000 6.25% Senior Secured Notes due 2027 [1][3]. - The notes will be co-issued by Brightstar and its wholly-owned subsidiary, Brightstar Global Solutions Corporation, and will be guaranteed by certain other wholly-owned subsidiaries of Brightstar [1][3]. Group 2: Listing and Trading - Applications have been made for the notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin [2]. - The offering is subject to customary market and other closing conditions [2]. Group 3: Regulatory Compliance - The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without proper registration or exemption [4][5]. - The offering is restricted to qualified institutional buyers and non-U.S. persons in offshore transactions [5][8]. Group 4: Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, known for its secure technology and comprehensive solutions, with approximately 6,000 employees [13].
Brightstar Lottery Gains Exclusive Omnichannel Lottery Licensing Rights to Rubik's® brand
Prnewswire· 2025-12-01 11:45
Core Insights - Brightstar Lottery PLC has signed a five-year exclusive licensing agreement with Spin Master Toys UK Limited to develop and distribute Rubik's-themed omnichannel lottery games globally [1][2] - The partnership aims to create innovative lottery experiences, including instant tickets and draw-based games, leveraging the popularity of the Rubik's Cube [2] Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, known for its secure technology and comprehensive solutions [3] - The company employs approximately 6,000 people and is recognized for its integrity and responsibility in operations [3] Product Innovation - The collaboration will introduce new gaming technologies, such as Infinity Instants, allowing for customizable lottery tickets [2] - The Rubik's Cube, an iconic puzzle since 1974, will be integrated into the lottery space to enhance player engagement [2]
Brightstar Lottery Enhances Retail Lottery Experience in Malaysia with Delivery of 1,200 New Terminals
Prnewswire· 2025-11-24 21:31
Core Insights - Brightstar Lottery PLC has signed a contract with Pan Malaysian Pools SDN BHD to supply 1,200 Retailer Pro S2 terminals, enhancing PMP's business infrastructure [1][2] - The Retailer Pro S2 terminals are designed for dynamic retail environments, offering high performance, reliability, and a range of interactive options to improve player engagement [2][3] Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, serving nearly 90 lottery customers across six continents and being the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. [3][4] - The company employs approximately 6,000 people and is recognized for delivering secure technology and comprehensive solutions for lottery operations [4]
Green Our Planet 荣膺拉斯维加斯 F1® Allwyn 全球社区奖
Globenewswire· 2025-11-21 11:57
Core Points - Allwyn, a multinational gaming and entertainment company, announced that Green Our Planet won the 2025 F1 Allwyn Global Community Award for its HydroConnect initiative, receiving a donation of €100,000 (approximately $117,000) to support its expansion [1][5][6] Group 1: HydroConnect Initiative - The HydroConnect program teaches youth STEM skills, nutrition knowledge, and sustainable agriculture while learning to grow food, addressing challenges in resource-poor communities [2][5] - Green Our Planet operates the largest hydroponic farming program in the U.S., covering over 1,400 schools across 44 states and benefiting more than 500,000 students [2] - In Las Vegas, the program has partnered with over 200 schools and donated hydroponic systems to 32 schools in resource-poor areas, providing training for teachers and practical experiences for over 24,000 students [2][6] Group 2: Formula 1's Support - Formula 1 supports Green Our Planet through various means, including sponsorship of the Giant Student Farmers Market, the largest student-run farmers market in the U.S., held annually in Las Vegas [3] - The 2025 Formula 1 Heineken Las Vegas Grand Prix team installed a dedicated hydroponic micro-farm on the racetrack, showcasing the event's commitment to sustainability [3] - The hydroponic systems used in the program save up to 90% more water compared to traditional agriculture, which is crucial in desert climates [3] Group 3: Community Impact and Recognition - The F1 Allwyn Global Community Award recognizes initiatives that make significant contributions to local communities in education, culture, welfare, and sustainability [3][6] - Green Our Planet's approach aligns with the award's goals, demonstrating local impact and innovative methods to connect children with sustainability and essential life skills [6] - The award reflects the long-standing partnership between Allwyn and Formula 1, emphasizing their commitment to driving positive change and giving back to the communities where they operate [6][8]
Brightstar Lottery Reaffirms Sustainability Commitment in Its 2024 Sustainability Report
Prnewswire· 2025-11-19 11:45
Accessibility StatementSkip Navigation The 18 annual report marks the Company's first since becoming a pure-play lottery business and introduces its enhanced sustainability strategy LONDON, Nov. 19, 2025 /PRNewswire/ -- Brightstar Lottery PLC (NYSE: BRSL) ("Brightstar") announced today the release of its 2024 Sustainability Report, showcasing the Company's continued commitment to global sustainability under its new pure-play lottery brand. Brightstar's new sustainability strategy is guided by three key elem ...
Brightstar Lottery Reaffirms Sustainability Commitment in Its 2024 Sustainability Report
Prnewswire· 2025-11-19 11:45
Core Insights - Brightstar Lottery PLC has released its 2024 Sustainability Report, marking its first report since becoming a pure-play lottery business, emphasizing its commitment to global sustainability [1][2] Group 1: Sustainability Strategy - The sustainability strategy is built on three key elements: Empowering Our People, Collaborating with Partners, and Preserving the Planet [1][3] - The strategy is activated through six spheres of impact, including employee engagement, human rights, responsible gaming, community engagement, sustainable procurement, and climate action [1] Group 2: Empowering Our People - Brightstar has received the Top Employer certification for its U.S., Canada, and Italy operations for the third consecutive year [3] - The company introduced two new employee-led, executive-sponsored communities, increasing the total number of Employee Impact Groups (EIGs) to nine [3] Group 3: Collaborating with Partners - Brightstar became the first supplier to receive the National Council on Problem Gambling's Internet Compliance Assessment Program Ready certification, demonstrating high standards in responsible gaming [3] - The company hosted the fourth annual Brightstar Coding and Robotics Rock! Camp in the Caribbean, providing educational opportunities in digital learning [3] Group 4: Preserving the Planet - Brightstar introduced a life-cycle assessment for its terminals, enhancing sustainability practices in product development [3] - Approximately 700,000 printing cartridges were repurposed in Italy, saving around 280 tons of plastic [3]
Brightstar Lottery Signs Nine-Year Agreement to Continue Operation of Italy Lotto
Prnewswire· 2025-11-18 11:45
Core Points - Brightstar Lottery PLC announced that its subsidiary, LottoItalia, has signed a nine-year agreement to operate the Italy Lotto [1] Company Summary - Brightstar Lottery PLC is expanding its operations in the Italian market through LottoItalia, which will manage the Italy Lotto for the next nine years [1]
Why One Fund Dumped $5 Million in Brightstar Lottery Stock — and What It Bought Instead
The Motley Fool· 2025-11-16 21:50
Core Insights - 1060 Capital Management fully exited its position in Brightstar Lottery, selling 307,200 shares for approximately $4.9 million during the third quarter, which previously represented 9.8% of the fund's assets under management (AUM) as of June 2025 [1][2]. Company Overview - Brightstar Lottery is a leading global provider of technology and services to the regulated lottery sector, focusing on core lottery operations and divesting non-core gaming assets to enhance scalable, recurring revenue streams [5]. - As of the latest market close, Brightstar Lottery shares were priced at $16.49, with a market capitalization of $3.2 billion, trailing twelve months (TTM) revenue of $2.5 billion, and TTM net income of $304 million [4]. Financial Performance - In the third quarter, Brightstar's revenue increased by 7% to $629 million, while adjusted EBITDA rose by 11% to $294 million. However, the quarter also reported negative operating cash flow of $439 million, primarily due to an upfront payment for an Italy Lotto license [7]. - Over the past year, Brightstar shares have declined by 17%, significantly underperforming the S&P 500, which increased by 13% during the same period [3][6]. Market Position and Strategy - The exit by 1060 Capital suggests a recalibration of risk in response to the company's recent performance, as Brightstar's shares have struggled and are approximately 50% below mid-2023 levels [6]. - The fund's decision to divest from Brightstar Lottery coincides with a broader portfolio pivot, indicating that the exit may reflect a strategic shift rather than a fundamental issue with the company itself [9].
Brightstar Lottery to Deliver Premier Instant Ticket Games for SAZKA in the Czech Republic
Prnewswire· 2025-11-13 11:45
Core Insights - Brightstar Lottery PLC announced a new contract with SAZKA a.s. to deliver innovative instant ticket games in the Czech Republic, enhancing SAZKA's offerings as it prepares to rebrand as Allwyn next year [1][2] - The partnership leverages Brightstar's patented technology, Infinity Instants™, and aims to increase player engagement and responsible growth for SAZKA, the largest and oldest lottery company in the Czech Republic [2] Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, providing secure technology and comprehensive solutions to nearly 90 lottery customers across six continents [2][4] - The company serves as the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. and eight of the world's ten largest lotteries [2] Strategic Importance - The new agreement with SAZKA is expected to transform ordinary moments into opportunities for players, ensuring best-in-class lottery experiences [2] - Brightstar's established relationship with SAZKA provides a strong foundation for understanding the Czech market, which is crucial for the success of the new offerings [2]