Brightstar Lottery signs exclusive Pan Am licensing deal

Brightstar Lottery PLC (NYSE: BRSL) has entered into a five-year exclusive licensing agreement with Pan American World Airways, LLC (Pan Am) to develop and distribute Pan Am-themed omnichannel lottery games globally. The partnership will include instant tickets, draw-based games, and iLottery products. Additionally, the agreement aims to integrate Pan Am’s travel expertise to offer luxury trip planning and concierge services as part of second-chance promotions for lottery players.

Separately, Brightstar Lottery shares reached a new 52-week low on Wednesday, trading as low as $9.59. Despite the recent stock decline, the company’s most recent quarterly earnings reported $0.11 per share, exceeding consensus estimates of a $0.01 loss. Analysts have provided mixed ratings recently, with several brokerages issuing holds or downgrades, while the consensus rating remains a 'Hold' with an average price target of $15.10.