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 (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.