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. operates a distributed gaming and local entertainment platform in the United States, placing and servicing gaming terminals, redemption devices, ATMs and amusement equipment in authorized locations such as bars, restaurants, convenience stores, truck stops and other local venues. Company updates commonly cover financial results, terminal and location growth, route expansion, state gaming-market activity and partnerships with small businesses, local communities and state governments.
Accel news also includes developments at Fairmount Park Casino & Racing, the company’s Illinois racino with electronic gaming machines, live table games, food and beverage amenities, a sportsbook, pari-mutuel betting and horse racing. Other recurring topics include bolt-on acquisitions, capital deployment, regulatory developments for video gaming terminals, board composition and executive leadership changes.
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.
Accel Entertainment, Inc. (NYSE: ACEL) has announced that it will release its financial and operating results for the fourth quarter and full year ending December 31, 2021, after market close on March 9, 2022. A conference call to discuss these results will take place on March 10, 2022, at 11:00 AM CT (12:00 PM ET). Interested parties can join the live webcast by registering at the provided link. Accel is a leading distributed gaming operator in the U.S., specializing in the operation of video gaming terminals in various non-casino locations across Illinois.
Accel Entertainment, Inc. (NYSE: ACEL) announced a $200 million share repurchase program aimed at maximizing shareholder value. The timing and number of shares repurchased will depend on various factors, including market conditions. CEO Andy Rubenstein emphasized the company's strong free cash flow and confidence in its strategic growth plans. The repurchase may occur through open market purchases or private transactions, with no obligation for the company to repurchase any specific number of shares.
Accel Entertainment, Inc. (NYSE: ACEL) announced strong Q3 2021 results, featuring a 43% revenue increase to $193.4 million and a 58% rise in net income to $10.8 million.
The company expanded its operations to 2,549 locations and increased video gaming terminals (VGTs) to 13,384, reflecting growth of 8% and 15% respectively year-over-year. Adjusted EBITDA rose 63% to $37.6 million. Accel revised its 2021 guidance with projected revenue of $725-$750 million and adjusted EBITDA of $140-$145 million. The company also expanded borrowing capabilities to support future growth, including an upcoming acquisition of Century Gaming, Inc.
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.