Brightstar Extends Washington Lottery Deal to 2036 with Major Tech Upgrade
BRSL is trading near its 52-week low of $10.416 (4.8% above the low).
Summary
Brightstar signed a seven-year extension with Washington's Lottery, its partner since 1996, locking in the relationship through June 2036. The deal includes deploying 2,200 GameTouch28 self-service vending machines, 100 GameTouch20 units, 3,700 Pro S2 terminals, and a full central system upgrade. This follows a string of recent contract wins — Oregon, TIPOS, Lottotech, and Ghostbusters — reinforcing the company's dominance in U.S. lottery technology. With the stock near 52-week lows, the steady stream of multi-year renewals provides visible, recurring revenue that should support the ongoing buyback program.
At the time of this announcement, BRSL was trading at $10.92 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2B. The 52-week trading range was $10.42 to $18.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.