Brightstar Lottery and Scientific Games Form New Joint Venture in Brazil
Brightstar Global Solutions Corporation, a subsidiary of Brightstar Lottery PLC (NYSE: BRSL), has partnered with Scientific Games, LLC to form a new joint venture named SP Loterias SPE S.A. ("SPL"). This initiative has culminated in a 15-year concession agreement with the Government of the State of São Paulo, marking a significant expansion for Brightstar in the Brazilian lottery market.
Details of the Concession Agreement
The exclusive state license granted to SPL will allow for comprehensive lottery operations throughout São Paulo. This includes:
- Draw-based games
- Instant and eInstant games
- Retail and digital channel offerings
- Passive lottery games
This agreement aims to enhance player engagement and generate substantial funding for healthcare initiatives across the state.
Strategic Goals Behind the Partnership
Marco Tasso, Chief Operating Officer of Brightstar's international lottery operations, expressed enthusiasm for the venture: "Brightstar is very pleased to expand our operations in Brazil and partner with Scientific Games through SPL to introduce new, exciting lottery options for Sao Paulo's 44 million residents." He emphasized that the collaboration will leverage over 40 years of experience in lottery operations to deliver innovative games and technology.
Michael Conforti, President of International for Scientific Games, noted, "The SPL joint venture with Brightstar is the result of months of collaboration to ensure this new state lottery in Brazil met the needs of all stakeholders." Conforti highlighted the commitment to providing trusted, secure systems that align with the goal of funding healthcare in the region.
About Brightstar Lottery PLC
Brightstar Lottery PLC (NYSE: BRSL) stands as a leader in global lottery solutions, renowned for developing secure technology and delivering comprehensive services to clients. With a strong local presence and approximately 6,000 employees, Brightstar is dedicated to supporting governments and regulators while prioritizing service integrity and responsibility.
For more information, visit www.brightstarlottery.com.
About Scientific Games
Scientific Games is recognized for its innovation in retail and digital products, providing essential technology, analytics, and services that support government-sponsored lottery and sports betting programs. Established in 1973, the company has built a foundation of trusted partnerships, enhancing gameplay experiences through innovative solutions.
For further details, visit scientificgames.com.
Cautionary Statement Regarding Forward-Looking Statements
This announcement may include forward-looking statements concerning Brightstar Lottery PLC, which are based on management's current beliefs and assumptions. These statements are subject to various risks and uncertainties that could result in actual outcomes differing materially from anticipated results.
For detailed risk factors, refer to the Company's annual report on Form 20-F and other SEC filings available at www.sec.gov and on the investor relations section of www.brightstarlottery.com.
Contact Information
For media inquiries, please contact:
- Mike DeAngelis, Corporate Communications - +1 (401) 392-1000, mediarelations@brightstarlottery.com
- Matteo Selva, Italian media inquiries - +39 366 6803635
- James Hurley, Investor Relations - +1 (401) 392-7190
- Scientific Games Contact - media@scientificgames.com