Added to YB: 2025-05-21
Pitch date: 2025-05-19
IGT [bullish]
Brightstar Lottery PLC
+6.48%
current return
Author Info
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Company Info
Brightstar Lottery PLC provides lottery solutions in the United States, Italy, rest of Europe, and internationally.
Market Cap
$2.6B
Pitch Price
$12.77
Price Target
N/A
Dividend
6.54%
EV/EBITDA
6.41
P/E
-81.56
EV/Sales
2.30
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Betting on IGT
IGT: Apollo buying IGT's gaming/digital biz for $4.05B cash, strengthening balance sheet. Post-deal: pure-play lottery biz remaining. Italian lottery contract renewal key risk (Flutter competing). Stock down to low $20s from $30s despite deal announcement. Peter Smith expects substantial re-rating in 12mo even if Italian contract lost. Deal awaiting license transfers in 7 jurisdictions.
Read full article (2 min)