Brightstar Lottery chief executive Vincent Sadusky said the company would avoid acquisitions that are overpriced or lack strategic fit, according to a report. He suggested Allwyn’s majority acquisition of PrizePicks would not have suited Brightstar Lottery.
The comments indicate Brightstar Lottery’s stated criteria for potential acquisitions.
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LottoItalia has signed an agreement to operate Italy Lotto until November 2034, Brightstar said. The consortium, led by Brightstar and including Allwyn, Arianna 2001 and Novomatic Italia, secured the licence earlier this year after a challenge from Sisal; ADM awarded it the licence.
Brightstar Global Solutions, a Brightstar Lottery subsidiary, agreed to supply its instant-ticket content and related offerings to Sazka in the Czech Republic, the companies said. Sazka said the agreement comes as it prepares to rebrand as Allwyn next year.
Allwyn reported net revenue of €1,204m for the first quarter of 2026, a 21% rise year on year, the company said. Adjusted EBITDA increased 24% to €443m, while online net gaming revenue rose 68% to €540m. The quarter included the completed combination of Allwyn International AG and OPAP and the consolidation of PrizePicks.
Allwyn has appointed former Virginia Lottery executive director Khalid Reede Jones as chief executive of Allwyn North America, the company said. He is due to take up the role on 6 July and will be based in Chicago, with a remit that includes supporting the Illinois Lottery as an operating partner.
Allwyn International reported third-quarter 2025 net revenue up 5% year on year to €1.02bn, while adjusted EBITDA fell 8% to €374m. The company attributed the earnings decline in part to weaker sports betting margins and higher corporate costs; its share of Betano’s net income dropped 53% to €34m.