BRSL
Consumer CyclicalBrightstar Lottery PLC · Gambling, Resorts & Casinos · $2B
What is Brightstar Lottery PLC?
Brightstar Lottery is a London-headquartered, pure-play global lottery operator focused on providing technology and services to regulated lottery markets worldwide. The company shed its gaming and iGaming operations through divestiture to sharpen its focus.
Brightstar Lottery generates revenue by supplying technology platforms and operational services to regulated lottery organisations. Rather than running consumer-facing gambling products, it operates as an enabler behind licensed lotteries — earning fees and service income from lottery operators. The business model is built around long-term contracts within regulated frameworks, which can provide a degree of revenue predictability.
Brightstar Lottery was established in 2025 and is headquartered in London, United Kingdom.
- Lottery technology platforms
- Managed services for regulated lottery operators
- Systems integration and operational support
Is BRSL a Good Stock to Buy?
UQS Score rates BRSL as Poor overall, reflecting broad weakness across most quality dimensions.
The one area where BRSL stands out relative to its profile is Valuation, which is rated Attractive — meaning the market may already be pricing in the company's challenges.
Quality, Moat, Growth, and Risk are all rated Weak, indicating the business currently lacks durable competitive advantages, consistent growth, and financial resilience.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BRSL pay dividends?
Yes — Brightstar Lottery PLC pays a dividend.
BRSL does pay a regular dividend, which is notable given its overall Poor UQS Score. Investors should weigh dividend income against the Weak Risk and Quality ratings, as dividend sustainability depends on underlying business health. Reviewing the company's payout history and cash flow position on its investor relations page is advisable before drawing conclusions.
When does BRSL report earnings?
Brightstar Lottery reports earnings on a quarterly cadence, typical for equities listed on major exchanges.
Given Weak Growth and Quality pillar ratings, recent earnings periods have not demonstrated consistent improvement in the business fundamentals. The divestiture of gaming and iGaming operations represents a significant structural shift that investors should track over upcoming reporting periods.
For the most recent quarter's results, visit Brightstar Lottery's official investor relations page.
BRSL Price History
-46.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Brightstar Lottery PLC?
Based on Brightstar Lottery PLC's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BRSL Long-term Outlook
The fundamental outlook for BRSL is cautious. Weak Growth and Risk pillar ratings suggest the company faces meaningful headwinds in expanding its lottery technology business and managing operational uncertainty. The Attractive Valuation label indicates the current price may reflect these risks, but a re-rating would likely require demonstrated improvement across quality and growth metrics.
Growth drivers
- Expansion into new regulated lottery markets globally
- Long-term service contracts providing recurring revenue potential
- Streamlined focus following divestiture of non-core gaming operations
Key risks
- Weak moat leaves the business exposed to competition from larger technology providers
- Regulatory changes in lottery markets could disrupt contract pipelines
- Weak Risk rating signals financial or operational vulnerabilities that could pressure the dividend
BRSL vs Peers
BRSL operates in the broader Consumer Cyclical space alongside companies with exposure to gaming, leisure, and entertainment.
Melco operates integrated casino resorts primarily in Asia, making it a capital-intensive hospitality and gaming operator rather than a technology services provider.
PENN is a large-scale US gaming and sports betting operator with a broad retail and digital footprint, contrasting with BRSL's narrower lottery technology focus.
VAC focuses on vacation ownership and resort hospitality, representing a different consumer leisure model compared to BRSL's regulated lottery services.
Frequently Asked Questions
What does Brightstar Lottery do?
Brightstar Lottery is a pure-play global lottery technology company. It provides platforms and managed services to regulated lottery operators rather than running consumer-facing lottery products itself. The company divested its gaming and iGaming businesses to focus exclusively on the lottery technology segment.
Does BRSL pay dividends?
Yes, BRSL pays a regular dividend. However, given the Weak Quality and Risk pillar ratings, investors should assess whether the underlying business can sustain those payments over time. Checking the company's investor relations page for the latest payout details is recommended.
When does BRSL report earnings?
Brightstar Lottery reports earnings on a quarterly cadence, consistent with standard practice for exchange-listed companies. For exact upcoming reporting dates, refer to Brightstar Lottery's investor relations page directly.
Is BRSL a good stock to buy?
UQS Score rates BRSL as Poor overall. While Valuation is rated Attractive, the Quality, Moat, Growth, and Risk pillars are all Weak. That combination suggests meaningful fundamental challenges. The full pillar breakdown is available to UQS Pro members.
Is BRSL overvalued?
Based on the UQS Valuation pillar, BRSL is rated Attractive, suggesting the market price may already reflect the company's current weaknesses. Whether that represents genuine value depends on whether business fundamentals improve — something the other pillar ratings currently do not support.
How does BRSL compare to its competitors?
BRSL is a narrowly focused lottery technology provider, while peers like PENN and MLCO operate large-scale gaming and resort businesses. This makes direct comparisons difficult. BRSL's niche positioning in regulated lottery services sets it apart operationally, though its overall UQS Score trails stronger-rated sector participants.
What is BRSL's market cap bracket?
BRSL is classified as a mid-cap company. This places it in a range where institutional coverage exists but liquidity and analyst attention may be less extensive than for large- or mega-cap peers in the Consumer Cyclical sector.
Who founded Brightstar Lottery?
Brightstar Lottery was established in 2025. For detailed founding and leadership history, the company's official website and investor relations materials are the most reliable sources.
Is BRSL a long-term quality investment?
As a long-term quality indicator, BRSL's UQS Score of Poor — driven by Weak ratings across Quality, Moat, Growth, and Risk — raises questions about durability. Long-term quality investing typically favours companies with strong moats and consistent growth, areas where BRSL currently falls short.
What is the main competitive advantage of Brightstar Lottery?
BRSL's Moat pillar is rated Weak, indicating limited durable competitive advantages at this stage. Its focus on regulated lottery technology could provide some structural protection through long-term contracts, but the current UQS assessment does not identify a strong, defensible moat.
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Pro Analysis
BRSL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Aug 16, 2026 | 35.8 | 31.1 | 21.0 | 34.6 | 35.0 | 70.4 | +4.3 |
| Aug 4, 2026 | 31.5 | 40.7 | 21.0 | 9.2 | 7.0 | 87.9 | +0.2 |
| Jul 30, 2026 | 31.3 | 40.7 | 21.0 | 9.2 | 7.0 | 86.5 | 0.0 |
| Jul 25, 2026 | 31.3 | 40.7 | 21.0 | 9.2 | 7.0 | 86.3 | 0.0 |
| Jul 24, 2026 | 31.3 | 40.7 | 21.0 | 9.2 | 7.0 | 86.7 | 0.0 |
| Jul 23, 2026 | 31.3 | 40.7 | 21.0 | 9.5 | 7.0 | 86.4 | +0.1 |
| Jul 22, 2026 | 31.2 | 40.7 | 21.0 | 9.5 | 7.0 | 85.5 | +0.1 |
| Jul 18, 2026 | 31.1 | 40.7 | 21.0 | 9.5 | 7.0 | 85.1 | +0.1 |
| Jul 17, 2026 | 31.0 | 40.7 | 21.0 | 9.5 | 7.0 | 84.0 | -0.1 |
| Jul 16, 2026 | 31.1 | 40.7 | 21.0 | 9.5 | 7.0 | 85.1 | -0.1 |
BRSL — Pillar Breakdown
Quality
— 31.1/100 (25%)Brightstar Lottery PLC currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 34.6/100 (20%)Brightstar Lottery PLC faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 35.0/100 (15%)Brightstar Lottery PLC has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 70.4/100 (15%)Brightstar Lottery PLC trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
Enterprise value multiple relative to sector median.
Moat
— 21/100 (25%)Brightstar Lottery PLC operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BRSL.
Score Composition
Financial Data
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How is the BRSL UQS Score Calculated?
The UQS (Unified Quality Score) for Brightstar Lottery PLC is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Brightstar Lottery PLC's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Brightstar Lottery PLC is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.