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, Inc. (NYSE: ACEL) announced it will release its financial and operating results for Q4 and full year ended December 31, 2022, after market close on February 28, 2023. A conference call to discuss the results will take place at 5:30 PM ET on the same day. Interested parties can register for a live webcast and access a replay via Accel’s investor relations website.
Accel claims to be the leading distributed gaming operator in the U.S. on an Adjusted EBITDA basis, focusing on gaming terminals in authorized non-casino locations across Illinois, Montana, and Nevada.
Accel Entertainment, Inc. (NYSE: ACEL) reported strong financial results for Q3 2022, achieving revenue of $267.0 million, a 38% increase from Q3 2021. Net income grew by 108% to $22.4 million. The company expanded its footprint, ending the quarter with 3,517 locations and 22,429 gaming terminals, marking increases of 38% and 68%, respectively, primarily due to its acquisition of Century Gaming. Despite a 109% rise in net debt to $309 million, Accel reaffirmed its 2022 guidance for revenue and EBITDA. The CEO highlighted their growth strategy and shareholder returns amidst inflationary pressures.
Accel Entertainment, Inc. (NYSE: ACEL) will release its third-quarter financial results for the period ended September 30, 2022, after market close on November 8, 2022. A conference call will follow at 5:30 PM ET to discuss these results. Accel claims to be a leading distributed gaming operator in the U.S., focusing on gaming terminal operations in non-casino venues across Illinois, Montana, and Nevada. Interested parties can register for the live webcast or access the replay on Accel’s investor relations website.
Accel Entertainment, Inc. (NYSE: ACEL) reported Q2 2022 revenue of $227.9 million, up 13% year-over-year. Net income soared 81% to $22.5 million. The company ended the quarter with 3,489 locations and 22,128 gaming terminals, reflecting increases of 38% and 68%, respectively. However, net debt rose 69% to $282 million due to a $160 million credit facility draw for acquiring Century Gaming. Updated guidance projects $960 - $990 million in revenue and $160 - $165 million Adjusted EBITDA for 2022, including Century's pro forma results.
Accel Entertainment, Inc. (NYSE: ACEL) will release its financial results for Q2 2022 on August 9, 2022, after market close. A conference call to discuss these results is scheduled for August 10, 2022, at 8:30 AM ET. Interested participants can register for the live webcast at this link. Accel is a leading distributed gaming operator in the U.S., specializing in VGT installation and maintenance across various non-casino locations in Illinois.
Accel Entertainment has successfully completed the acquisition of Century Gaming for $164.2 million in cash and stock. This strategic move adds over 8,300 gaming terminals and more than 900 licensed locations across Montana and Nevada, enhancing Accel's footprint in the Western U.S. The acquisition also includes manufacturing capabilities through Grand Vision Gaming, and additional rewards programs. Accel CEO Andy Rubenstein expressed enthusiasm about future growth opportunities within these markets.
Accel Entertainment, Inc. (NYSE: ACEL) reported strong Q1 2022 results, showcasing a 34% revenue increase year-over-year to $196.9 million. Net income surged to $15.8 million, a 952% rise from Q1 2021. Adjusted EBITDA grew 37% to $35.2 million. The company expanded its operations, ending the quarter with 2,565 locations and 13,663 video gaming terminals, representing increases of 4% and 7% respectively. Net debt decreased by 22% to $147 million. Additionally, Accel is on track to acquire Century Gaming, Inc., expected to close by the end of May.
Accel Entertainment, Inc. (NYSE: ACEL) announced it will release its financial results for Q1 2022 after market close on May 4, 2022. The company will host a conference call on May 5, 2022, at 11:00 AM CT to discuss its operating and financial results. Interested parties can register for the live webcast via the provided link. Accel is a prominent distributed gaming operator in the US, particularly in Illinois, focusing on the installation and operation of video gaming terminals in non-casino locations.
Accel Entertainment has appointed Mathew Ellis as Chief Financial Officer, effective May 1, 2022. Ellis, formerly the Senior Vice President of Corporate Strategy, succeeds Brian Carroll, who will assist during the transition before retiring at the end of 2023. CEO Andy Rubenstein highlighted Accel's financial strengths and Ellis's role in advancing the company’s strategic direction and investor relations. Ellis aims to maintain Accel's competitive edge in the gaming industry while enhancing shareholder returns, leveraging his experience in M&A and financial planning.
Accel Entertainment, Inc. (NYSE: ACEL) reported strong financial results for Q4 and the full year 2021. Revenue reached $192 million for Q4 and $735 million for the year, achieving record figures in revenue, net income, and adjusted EBITDA. Net income was $7 million for Q4 and $32 million for the year, with adjusted EBITDA of $33 million and $140 million, respectively. The company ended 2021 with 2,584 locations and 13,639 VGTs, marking increases of 6% and 11% year-over-year. Net debt decreased by 31% to $143 million.