Accel Entertainment Inc Stock Price, News & Analysis

Accel Entertainment (NYSE: ACEL) announced a leadership transition as CFO Mathew Ellis resigns effective May 9, 2025. Mark Phelan, current President of U.S. Gaming, will serve as acting CFO while the company conducts a search for a permanent replacement.

CEO Andy Rubenstein thanked Ellis for his contributions since 2015 and expressed confidence in Phelan's interim leadership, citing his experience in finance and deep understanding of Accel's business.

Key Business Overview:

• Largest terminal operator in the United States
• Operates over 27,000 gaming terminals
• Present in 4,300 establishments across 10 states
• Provides gaming solutions to bars, restaurants, convenience stores, truck stops, and veteran establishments
• Offers comprehensive services including design, manufacturing, installation, and operation of gaming equipment

Accel Entertainment (NYSE: ACEL) has scheduled the release of its first quarter 2025 financial and operating results for May 5, 2025, after market close. The company will host a conference call at 5:30 PM ET / 4:30 PM CT on the same day.

Accel is currently the largest terminal operator in the United States, managing over 26,000 gaming terminals across 4,300 locations in ten states. The company specializes in distributed gaming operations, providing gaming solutions to non-casino venues including bars, restaurants, convenience stores, and veteran establishments, as well as developing brick-and-mortar racinos and casinos for local gaming markets.

Accel Entertainment (NYSE: ACEL) has announced the soft opening of its first Illinois casino, Fairmount Park Casino & Racing, scheduled for April 18, 2025. The 12,000 sq. ft. venue features modern slots and electronic table games, marking Accel's strategic entry into the locals racino market.

The facility, located at 9301 Collinsville Rd., will commence its racing season on April 22, 2025. The venue has undergone significant improvements, including new concessions and enhanced racing infrastructure. Notably, Fairmount Park is partnering with Fifty/50 Hospitality Group to expand its food and beverage offerings, including three new concessions and a full-service restaurant opening in June.

The opening coincides with the racetrack's 100th anniversary, representing a milestone in Fairmount Park's history. The project was completed in less than 5 months with support from the Illinois Racing Board, Illinois Gaming Board, and City of Collinsville officials.

Accel Entertainment (NYSE: ACEL) has appointed gaming industry veteran Cheryl Kondra to its Board of Directors, effective immediately. Kondra, who brings over 20 years of experience in audit and compliance from companies like Caesars Entertainment, Genting Americas, and Pinnacle Entertainment, will serve as Chair of the board's Audit Committee.

Currently VP of Internal Audit at Tractor Supply Company, Kondra previously strengthened audit and compliance systems at Pinnacle Entertainment and spent 17 years at Caesars Entertainment, including seven years as Chief Audit Executive. She also serves on the Board of Directors of Galaxy Gaming.

The appointment coincides with Eden Godsoe's decision not to seek re-election to the Board. Additionally, Accel is implementing governance changes, including transitioning from three-year to one-year Board terms to enhance shareholder value.

Accel Entertainment (NYSE: ACEL) has appointed Scott Levin as Chief Legal Officer and Secretary, effective immediately. Levin brings over 30 years of experience as an executive and senior legal advisor for high-growth companies. He will oversee all legal affairs and report to CEO Andy Rubenstein.

Levin's previous roles include serving as CEO of FTD Companies and as the first General Counsel for Morton's Restaurant Group. Most recently, he was Founder and Managing Director of Portco Advisors As part of this organizational change, Derek Harmer, current General Counsel and Chief Compliance Officer, will transition to become Accel's first dedicated Chief Compliance Officer.

Accel Entertainment is the largest terminal operator in the United States, supporting over 26,000 gaming terminals across 4,300 establishments in ten states. The company provides gaming solutions to bars, restaurants, convenience stores, and fraternal establishments, while also developing brick-and-mortar racinos and casinos.

Accel Entertainment (NYSE: ACEL) reported mixed Q4 2024 financial results with record revenues but declining profits. Q4 revenue reached $317.5 million, up 6.9% year-over-year, while full-year 2024 revenue hit $1.2 billion, a 5.2% increase.

However, Q4 net income declined 47.5% to $8.4 million, and full-year net income fell 22.6% to $35.3 million. The company expanded its operations, growing to 4,117 locations (+3.9%) and 26,346 gaming terminals (+5.0%). Notable Q4 developments include the acquisition of Toucan Gaming in Louisiana and FanDuel Sportsbook & Horse Racing in Illinois.

The Board approved replenishing the share repurchase program back to $200 million, following previous purchases of 13.8 million shares for $143.6 million. Net debt increased 11.8% to $314 million compared to Q4 2023.

Accel Entertainment (NYSE: ACEL) has scheduled the release of its fourth quarter and full year 2024 financial and operating results after market close on February 27, 2025. The company will host a conference call at 5:30 PM ET / 4:30 PM CT on the same day to discuss the results.

Interested participants can join the live webcast by registering through the provided link. Pre-registration will give listeners access to a personalized webcast view and individual dial-in details. Both the live webcast link and post-call replay will be available on Accel's investor relations website.

Accel Entertainment (NYSE: ACEL) has successfully acquired Fairmount Holdings, owner of FanDuel Sportsbook & Racetrack in Collinsville, Illinois, for 3.45 million ACEL shares. The acquisition includes the only active horse racing venue in the greater St. Louis area, with 55 annual race days and a casino gaming license. Fairmount generated $29 million in revenue in 2023. Accel plans to invest $85-95 million for casino construction and track improvements, projecting $20-25 million in Adjusted EBITDA within five years. The Phase I casino opening is targeted for Q2 2025.

Accel Entertainment (NYSE: ACEL) has acquired 85% ownership of Toucan Gaming and LSM Gaming for approximately $40 million. The Louisiana-based route operators will operate as Toucan Gaming, led by Stan Guidroz who retains 15% ownership. The business is expected to generate $25 million in revenue and $6 million in Adjusted EBITDA by 2025. The acquisition adds 13 truck stop locations with 450 terminals and 60 3-machine locations with 180 terminals, expanding Accel's presence in the southeastern United States.