Added to YB: 2025-04-22
Pitch date: 2025-03-05
IGT [bullish]
Brightstar Lottery PLC
-19.99%
current return
Author Info
No bio for this author
Company Info
Brightstar Lottery PLC provides lottery solutions in the United States, Italy, rest of Europe, and internationally.
Market Cap
$2.0B
Pitch Price
$13.81
Price Target
27.00 (+144%)
Dividend
8.39%
EV/EBITDA
6.50
P/E
36.77
EV/Sales
2.43
Sector
Hotels, Restaurants and Leisure
Category
special_situation
International Game Technology PLC - $IGT
IGT: Lottery pure-play post $4.05B Apollo Gaming sale. At 4.2x EV/EBITDA, market prices 90% odds of losing Italian contract (20% of revs/$400M+ EBITDA). 75%+ odds of retention given 30yr incumbency & political ties. Win case $27/sh, lose case $15/sh. 14% FCF yield + potential $7.50/sh dividend. Catalyst: Italy bid decision Apr.
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