Added to YB: 2025-01-23
Pitch date: 2025-01-21
IGT [bullish]
Brightstar Lottery PLC
-2.6%
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
$13.94
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
International Game Technology: Gaming Segment Sold to Apollo, RemainCo Cheap
IGT: Spin-off of gaming segment to Apollo for $4.05B pre-tax. RemainCo (lottery biz) trades at 5x EBITDA vs peers 9-16x. Italy Lotto (40% rev) contract expiring, competitive bid due Mar 17. Even if lost, still cheap at 5.5x EBITDA. $2B debt paydown planned. 8x EBITDA target. Jan '27 LEAPs owned.
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