Accel Entertainment Inc Stock Price, News & Analysis

Accel Entertainment, Inc. (NYSE: ACEL) has announced the upcoming release of its financial and operating results for the third quarter ended September 30, 2024. The company will disclose these results after market close on October 30, 2024. Following the release, Accel will host a conference call at 5:30 PM ET / 4:30 PM CT on the same day to discuss the quarterly performance.

Interested parties can participate in the live webcast by registering in advance at the provided link. This registration will offer a personalized link to view the webcast and an individual dial-in for the call. Both the live webcast link and a replay of the call will be available on Accel's investor relations website.

Accel Entertainment (NYSE: ACEL) reported strong Q2 2024 results, showcasing growth across key metrics. The company achieved record revenues of $309.4 million, up 5.7% year-over-year, and a 46.1% increase in net income to $14.6 million. Adjusted EBITDA reached a record $49.7 million, up 6.5% from Q2 2023. ACEL expanded its footprint, ending Q2 with 4,034 locations (up 4.7%) and 25,757 gaming terminals (up 5.7%). The company also announced the acquisition of Fairmount Holdings, owner of FanDuel Sportsbook & Horse Racing, expected to close in Q4 2024. Despite these positive results, net debt increased by 9% to $311 million compared to Q2 2023.

Accel Entertainment (NYSE: ACEL) has announced the release date for its second quarter 2024 financial results. The company will disclose its financial and operating results for the quarter ending June 30, 2024, after the market closes on July 30, 2024. Following the release, Accel will host a conference call at 5:00 PM ET / 4:00 PM CT to discuss the results.

Interested parties can join the live webcast by registering in advance at the provided link. This registration will offer a personalized link to view the webcast and an individual dial-in for the call. The webcast link and a replay of the call will also be available on Accel's investor relations website.

Accel Entertainment (NYSE: ACEL) is set to acquire Fairmount Holdings, owner of FanDuel Sportsbook & Horse Racing in Collinsville, Illinois, for approximately $35 million in stock. This strategic move expands Accel's presence in the local gaming market, adding the only active horse racing venue in greater St. Louis. The deal includes an Organization Gaming License for casino gaming and a partnership with FanDuel for sports wagering in Illinois.

Key aspects of the acquisition:

• Purchase price: 3.45 million ACEL shares
• Additional investment: $85-$95 million for casino construction and track improvements
• Five-year forecast: $20-$25 million Adjusted EBITDA potential
• Closing expected in Q4 2024, subject to regulatory approvals

This move is seen as a natural adjacency to Accel's route-based gaming expertise, potentially tapping into a $15 billion local gaming market.

Accel Entertainment, Inc. (NYSE: ACEL) reported Q1 2024 operating results with 5.1% increase in locations and 5.6% increase in gaming terminals. Revenues reached $301.8 million, net income decreased by 19.2% to $7.4 million. Adjusted EBITDA rose 0.3% to $46.2 million. Net debt decreased by 7% to $286 million. Accel CEO optimistic about legislative trends, national expansion, and strong balance sheet.