Accel Entertainment Inc Stock Price, News & Analysis

Accel Entertainment, Inc. (NYSE: ACEL) will release its third quarter financial results for the period ending September 30, 2021, after market close on November 3, 2021. A conference call discussing these results is scheduled for November 4, 2021, at 11:00 AM CT. Interested participants can register for the live webcast at Accel's investor relations website. Accel is a leading distributed gaming operator in the U.S., offering various gaming devices in non-casino venues across Illinois.

Accel Entertainment (NYSE: ACEL) announced an amendment to its senior secured credit facility, increasing its borrowing capacity from $438 million to $900 million with a five-year term. This new Amended Credit Facility includes a $150 million Revolving Credit Facility, a $350 million Term Loan A, and a $400 million Delayed Draw Term Loan. CEO Andy Rubenstein highlighted the improved financial flexibility and liquidity to support strategic growth aligned with their asset-light business model.

Accel Entertainment reported record-breaking financial results for Q2 2021, achieving a revenue of $202 million, the highest in the company's history. Key metrics include a net income of $12.4 million and an adjusted EBITDA of $43 million, both also record highs. The number of licensed locations increased by 8% to 2,527, with a 19% rise in video gaming terminals to 13,177. Despite strong performance, guidance for 2021 was revised downward due to uncertainties from the COVID-19 delta variant, estimating revenue of $700 - $725 million.

Accel Entertainment, Inc. (NYSE: ACEL) will announce its second-quarter financial results for the period ending June 30, 2021, after the market closes on August 4, 2021. A conference call to discuss these results is scheduled for August 5, 2021, at 11:00 AM CT / 12:00 PM ET. Interested participants can access the live webcast by registering online. Accel is recognized as a leading distributed gaming operator in the U.S., focusing on the operation of Video Gaming Terminals (VGTs) in non-casino venues, particularly in the Illinois market.

Accel Entertainment, Inc. (NYSE: ACEL) will host an Investor Day on June 2, 2021, from 10:00 AM CST to 12:00 PM CST. This virtual event aims to discuss Accel's growth in Illinois and its acquisition of Century Gaming, a key player in the Western U.S. gaming market. The session will include presentations and a Q&A with Accel's executive team, including CEO Andrew Rubenstein and Century Gaming’s CEO Steve Arntzen. Interested parties can register for the event via Accel's investor relations website.

Accel Entertainment, Inc. (NYSE: ACEL) reported strong Q1 2021 results with a 38% revenue increase to $147.1 million, marking the highest revenue month in the company's history. The company had 2,470 locations and 12,720 video gaming terminals (VGTs), up 5% and 14% year-over-year, respectively. Adjusted EBITDA rose 74% to $25.8 million. For 2021, guidance estimates revenue of $650-$705 million and adjusted EBITDA of $117-$127 million, factoring in impacts from the January shutdown and ongoing COVID-19 effects.

Accel Entertainment, Inc. (NYSE: ACEL) will release its financial results for Q1 ended March 31, 2021, after market close on May 10, 2021. A conference call will be held on May 11, 2021, at 11:00 AM CT to discuss these results. Accel is a leading distributed gaming operator in the U.S. based on Adjusted EBITDA and focuses on the operation of video gaming terminals (VGTs) in non-casino locations across Illinois.

Accel Entertainment, Inc. (NYSE: ACEL) reported financial results for Q4 and the fiscal year ended December 31, 2020. Key highlights include a revenue of $74 million in Q4 and $316 million for the year, despite a net loss of $10 million for Q4 and $13 million for the year. The company ended 2020 with 2,435 locations and 12,247 video gaming terminals (VGTs), marking increases of 5% and 17% respectively from 2019. February 2021 saw the highest revenue month in the company's history. Guidance for 2021 anticipates revenue between $580 million and $600 million, with estimated adjusted EBITDA of $95 million to $100 million.

Accel Entertainment, Inc. (NYSE: ACEL) will announce its financial results for the fourth quarter and full year ending December 31, 2020, before market open on March 15, 2021. A conference call is scheduled for 11:00 AM CT / 12:00 PM ET on the same day to discuss these results. The company is a leading distributed gaming operator in the U.S., specializing in the operation of gaming terminals in non-casino locations across Illinois.