Welcome to our dedicated page for Accel Entertainment news (Ticker: ACEL), a resource for investors and traders seeking the latest updates and insights on Accel Entertainment stock.
Accel Entertainment, Inc. (NYSE: ACEL) is a distributed, locals-focused gaming operator that regularly issues news on its financial performance, route expansion, capital structure, and regulatory developments. This page aggregates ACEL news so readers can follow how the company’s network of electronic gaming terminals, casinos, and its Fairmount Park Casino & Racing racino evolves over time.
Company press releases frequently cover quarterly earnings results, including trends in total net revenues, Adjusted EBITDA, and net income, along with key operating metrics such as the number of locations, gaming terminals, and location hold-per-day by state. These updates often highlight performance in core markets like Illinois and Montana, developing markets such as Nebraska, Georgia, and Nevada, and newer markets including Louisiana and Fairmount Park Casino & Racing.
Accel’s news flow also includes transaction and expansion announcements. For example, the company has reported on acquisitions that expand its route operations in Nevada, as well as its entry into new markets and the commencement of casino and racing operations at Fairmount Park Casino & Racing. Other releases discuss potential growth opportunities tied to regulatory changes, such as the possible introduction of video gaming terminals in the city of Chicago.
In addition, ACEL news items address financing and governance events, including the closing of a senior secured credit facility, changes in the Chief Financial Officer role, and the selection of a new independent registered public accounting firm. Together, these updates provide insight into how Accel manages its balance sheet, leadership team, and compliance obligations while pursuing distributed gaming growth.
Investors, analysts, and observers can use this news feed to review historical announcements and monitor ongoing developments in Accel Entertainment’s operations, markets, and corporate actions.
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.
Accel Entertainment (NYSE: ACEL) reported Q3 2024 financial results with record revenues of $302.2 million, up 5.1% year-over-year. The company expanded its presence to 4,014 locations (+2.8%) and 25,729 gaming terminals (+4.1%). However, net income decreased 53.2% to $4.9 million, partly due to higher losses on contingent earnout shares. Adjusted EBITDA grew 3.9% to $45.9 million. The company's net debt increased 2.4% to $289 million. Two significant acquisitions are expected to close in Q4 2024: a Louisiana distributed gaming operator and the FanDuel Sportsbook & Horse Racing in Collinsville, Illinois.
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.
Summary not available.