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) 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.
Accel Entertainment (NYSE: ACEL) has announced its acquisition of Century Gaming in a transaction valued at $140 million. This strategic move allows Accel to expand into the Western U.S. market, adding over 900 licensed establishments and 8,500 gaming terminals primarily across Montana and Nevada. Expected 2021 revenues from Century are approximately $220 million. The deal, approved by both boards, is set to be financed through a mix of Accel’s cash, existing credit, and stock, pending regulatory approvals.
Accel Entertainment, Inc. (ACEL) plans to release its financial results for Q3 2020 on November 5, 2020, before market open. A conference call will follow at 11:00 AM CT to discuss the results. Accel is recognized as a leading gaming operator in the U.S. based on Adjusted EBITDA and partners with local businesses in Illinois. Their operations include the management of video gaming terminals and related devices in non-casino venues such as restaurants and convenience stores.