Brightstar Extends Contract with Oregon Lottery for Advanced Retail Technology
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- Contract Extension: Brightstar Lottery PLC's subsidiary has signed a five-year contract extension with the Oregon Lottery, effective until May 23, 2031, reinforcing a partnership that has lasted over 40 years.
- Technology Upgrade: Under the agreement, Brightstar will enhance the Oregon Lottery's central system and deploy 2,200 units of its latest digital signage solution, SignaLink™, which will improve retailer responsiveness and enhance player engagement.
- Equipment Delivery: Brightstar will also deliver 1,000 Retailer Pro S2 terminals, powered by high-performance processors to ensure rapid transaction processing, supporting multiple player-facing displays to enhance user interaction.
- Strategic Importance: This contract extension reflects a shared commitment to innovation and long-term value creation between Brightstar and the Oregon Lottery, driving sustainable returns for Oregon and solidifying Brightstar's leadership in the global lottery technology sector.
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Analyst Views on BRSL
Wall Street analysts forecast BRSL stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 10.950
Low
18.00
Averages
19.33
High
21.00
Current: 10.950
Low
18.00
Averages
19.33
High
21.00
About BRSL
Brightstar Lottery PLC, formerly International Game Technology PLC, is a global lottery company. The Company provides integrated solution OMNIA, that unites retail and digital lottery channels. Its technology solutions include retail solutions, digital solutions, and systems. Its retail terminals support all types of retailers with the camera technology in the smallest footprint, which includes Retail Terminals, Self-Service Vending, In-Lane Lottery Solutions, and LotteryLink. Its Retail Terminals include Retailer Pro S2 Lottery Terminal, Retailer Select Lottery Terminal, Retailer Vue Lottery Terminal, and Retailer to Go S2. Its Self-Service Vending includes GameTouch 28, GameTouch 20, and GameTouch Draw S2. Its digital solutions include Web and mobile solutions, digital systems and data platforms. Its lottery solution is a suite of lottery products and applications. Its instant ticket services are suppliers of instant games and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Brightstar Extends Contract with Oregon Lottery for Advanced Retail Technology
- Contract Extension: Brightstar Lottery PLC's subsidiary has signed a five-year contract extension with the Oregon Lottery, effective until May 23, 2031, reinforcing a partnership that has lasted over 40 years.
- Technology Upgrade: Under the agreement, Brightstar will enhance the Oregon Lottery's central system and deploy 2,200 units of its latest digital signage solution, SignaLink™, which will improve retailer responsiveness and enhance player engagement.
- Equipment Delivery: Brightstar will also deliver 1,000 Retailer Pro S2 terminals, powered by high-performance processors to ensure rapid transaction processing, supporting multiple player-facing displays to enhance user interaction.
- Strategic Importance: This contract extension reflects a shared commitment to innovation and long-term value creation between Brightstar and the Oregon Lottery, driving sustainable returns for Oregon and solidifying Brightstar's leadership in the global lottery technology sector.
See More
Brightstar Lottery Announces Leadership Changes
- Executive Departure: Renato Ascoli, CEO of Brightstar Lottery, will step down on June 30, 2026, concluding a 20-year career in the lottery industry where he led complex teams across global markets, leaving a significant impact on the company.
- New COO Appointment: Marco Tasso will be promoted to Chief Operating Officer effective July 1, 2026, overseeing all aspects of Brightstar's global lottery operations, including technology and product development, leveraging his 20 years of industry experience to enhance operational efficiency.
- Support for Strategic Goals: CEO Vince Sadusky emphasized that Marco's leadership will align with the company's growth and transformation strategies, optimizing the lottery operating organization to deliver improved results, reflecting the company's commitment to future development.
- Industry Influence: Brightstar Lottery holds a significant position in the global lottery market, serving nearly 90 lottery customers with approximately 6,000 employees, and Ascoli's departure may impact the company's strategic direction and market performance.
See More
Brightstar Extends Partnership with TIPOS to 2032
- Contract Renewal: Brightstar Lottery PLC has signed a three-year contract extension with TIPOS, Slovakia's government lottery, extending their partnership to 2032, which underscores their solid collaboration over the past 30 years and reinforces Brightstar's leadership in lottery technology.
- Technology Support Upgrade: Under the new agreement, Brightstar will deliver up to 2,500 mobile lottery terminals to TIPOS, enhancing lottery accessibility and convenience, thereby driving business expansion in the Slovak market.
- Online Sales Transformation: The newly deployed handheld terminals will enable TIPOS to convert offline instant ticket sales into online sales, which is expected to significantly increase the number of sales points and enhance the purchasing experience for players, ultimately boosting lottery sales.
- Social Responsibility Contribution: The successful partnership between Brightstar and TIPOS not only advances lottery business growth but also funds various good causes in Slovakia, including education and sports, highlighting the company's commitment to social responsibility.
See More
Brightstar Extends Contract with Mauritius National Lottery Operator
- Contract Renewal: Brightstar Lottery PLC has signed a multi-year contract extension with Lottotech, the operator of the Mauritius National Lottery, marking the partnership's entry into its third decade and reflecting a shared commitment to long-term innovation and growth.
- System Upgrade: Brightstar will deploy an advanced lottery central system and replace all lottery terminals with the latest RetailerPro S2, enhancing transaction processing speed and user experience, thereby strengthening Lottotech's market competitiveness.
- Technological Innovation: The RetailerPro S2 terminal features a high-performance processor that supports multiple player-facing displays and peripherals, aimed at enhancing operational flexibility and efficiency to meet modern lottery players' demands.
- Market Impact: This collaboration not only solidifies Brightstar's position as Lottotech's exclusive retail lottery technology partner but also drives sustainable development in the Mauritian lottery market through continuous technological innovation.
See More
Brightstar Extends Contract with Mauritius National Lottery Operator
- Contract Renewal: Brightstar Lottery PLC has signed a multi-year contract extension with Lottotech, marking the partnership's entry into its third decade and reflecting a shared commitment to long-term innovation and growth.
- System Upgrade: Brightstar will deploy an advanced lottery central system and replace all lottery terminals with the latest RetailerPro S2, enhancing transaction processing speed and flexibility, thereby improving player and retailer experiences.
- Technological Innovation: The RetailerPro S2 terminal features a high-performance processor and supports multiple player-facing displays and peripherals, aiming to streamline lottery operations through the efficient OpenRetail software, thus enhancing overall business efficiency.
- Market Leadership: Lottotech, as Mauritius' leading lottery operator with over 600 retail points and innovative digital solutions, continues to drive national development while contributing to education, health, and community initiatives.
See More
Brightstar Lottery Reports Strong Q1 Earnings
- Revenue Growth: Brightstar Lottery PLC reported first-quarter revenue of approximately $590 million, reflecting a 1% increase year-over-year and a 3% rise on a constant currency basis, indicating effective operational management and stable market demand.
- Adjusted EBITDA Increase: Adjusted EBITDA reached $287 million, a 15% increase as reported and 5% at constant currency, showcasing significant operational discipline achieved through the OPtiMa efficiency program.
- Shareholder Returns: The company returned over $70 million to shareholders through dividends and share repurchases, demonstrating confidence in cash flow durability and ongoing shareholder value creation.
- Global iLottery Growth: Global iLottery wagers increased by 30%, with US wagers up 36%, highlighting strong momentum in digital platforms and significant future growth potential.
See More
Brightstar Extends Contract with Oregon Lottery for Advanced Retail Technology
- Contract Extension: Brightstar Lottery PLC's subsidiary has signed a five-year contract extension with the Oregon Lottery, effective until May 23, 2031, reinforcing a partnership that has lasted over 40 years.
- Technology Upgrade: Under the agreement, Brightstar will enhance the Oregon Lottery's central system and deploy 2,200 units of its latest digital signage solution, SignaLink™, which will improve retailer responsiveness and enhance player engagement.
- Equipment Delivery: Brightstar will also deliver 1,000 Retailer Pro S2 terminals, powered by high-performance processors to ensure rapid transaction processing, supporting multiple player-facing displays to enhance user interaction.
- Strategic Importance: This contract extension reflects a shared commitment to innovation and long-term value creation between Brightstar and the Oregon Lottery, driving sustainable returns for Oregon and solidifying Brightstar's leadership in the global lottery technology sector.
See More
Brightstar Lottery Announces Leadership Changes
- Executive Departure: Renato Ascoli, CEO of Brightstar Lottery, will step down on June 30, 2026, concluding a 20-year career in the lottery industry where he led complex teams across global markets, leaving a significant impact on the company.
- New COO Appointment: Marco Tasso will be promoted to Chief Operating Officer effective July 1, 2026, overseeing all aspects of Brightstar's global lottery operations, including technology and product development, leveraging his 20 years of industry experience to enhance operational efficiency.
- Support for Strategic Goals: CEO Vince Sadusky emphasized that Marco's leadership will align with the company's growth and transformation strategies, optimizing the lottery operating organization to deliver improved results, reflecting the company's commitment to future development.
- Industry Influence: Brightstar Lottery holds a significant position in the global lottery market, serving nearly 90 lottery customers with approximately 6,000 employees, and Ascoli's departure may impact the company's strategic direction and market performance.
See More
Brightstar Extends Partnership with TIPOS to 2032
- Contract Renewal: Brightstar Lottery PLC has signed a three-year contract extension with TIPOS, Slovakia's government lottery, extending their partnership to 2032, which underscores their solid collaboration over the past 30 years and reinforces Brightstar's leadership in lottery technology.
- Technology Support Upgrade: Under the new agreement, Brightstar will deliver up to 2,500 mobile lottery terminals to TIPOS, enhancing lottery accessibility and convenience, thereby driving business expansion in the Slovak market.
- Online Sales Transformation: The newly deployed handheld terminals will enable TIPOS to convert offline instant ticket sales into online sales, which is expected to significantly increase the number of sales points and enhance the purchasing experience for players, ultimately boosting lottery sales.
- Social Responsibility Contribution: The successful partnership between Brightstar and TIPOS not only advances lottery business growth but also funds various good causes in Slovakia, including education and sports, highlighting the company's commitment to social responsibility.
See More
Brightstar Extends Contract with Mauritius National Lottery Operator
- Contract Renewal: Brightstar Lottery PLC has signed a multi-year contract extension with Lottotech, the operator of the Mauritius National Lottery, marking the partnership's entry into its third decade and reflecting a shared commitment to long-term innovation and growth.
- System Upgrade: Brightstar will deploy an advanced lottery central system and replace all lottery terminals with the latest RetailerPro S2, enhancing transaction processing speed and user experience, thereby strengthening Lottotech's market competitiveness.
- Technological Innovation: The RetailerPro S2 terminal features a high-performance processor that supports multiple player-facing displays and peripherals, aimed at enhancing operational flexibility and efficiency to meet modern lottery players' demands.
- Market Impact: This collaboration not only solidifies Brightstar's position as Lottotech's exclusive retail lottery technology partner but also drives sustainable development in the Mauritian lottery market through continuous technological innovation.
See More
Brightstar Extends Contract with Mauritius National Lottery Operator
- Contract Renewal: Brightstar Lottery PLC has signed a multi-year contract extension with Lottotech, marking the partnership's entry into its third decade and reflecting a shared commitment to long-term innovation and growth.
- System Upgrade: Brightstar will deploy an advanced lottery central system and replace all lottery terminals with the latest RetailerPro S2, enhancing transaction processing speed and flexibility, thereby improving player and retailer experiences.
- Technological Innovation: The RetailerPro S2 terminal features a high-performance processor and supports multiple player-facing displays and peripherals, aiming to streamline lottery operations through the efficient OpenRetail software, thus enhancing overall business efficiency.
- Market Leadership: Lottotech, as Mauritius' leading lottery operator with over 600 retail points and innovative digital solutions, continues to drive national development while contributing to education, health, and community initiatives.
See More
Brightstar Lottery Reports Strong Q1 Earnings
- Revenue Growth: Brightstar Lottery PLC reported first-quarter revenue of approximately $590 million, reflecting a 1% increase year-over-year and a 3% rise on a constant currency basis, indicating effective operational management and stable market demand.
- Adjusted EBITDA Increase: Adjusted EBITDA reached $287 million, a 15% increase as reported and 5% at constant currency, showcasing significant operational discipline achieved through the OPtiMa efficiency program.
- Shareholder Returns: The company returned over $70 million to shareholders through dividends and share repurchases, demonstrating confidence in cash flow durability and ongoing shareholder value creation.
- Global iLottery Growth: Global iLottery wagers increased by 30%, with US wagers up 36%, highlighting strong momentum in digital platforms and significant future growth potential.
See More
