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 leading distributed gaming operator in the United States, specializing in the installation, maintenance, and operation of video gaming terminals. Licensed by the Illinois Gaming Board, Accel provides top-tier gaming solutions to various establishments including restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. With an expertise that is unsurpassed in the industry, Accel partners with these establishments to deliver exceptional service and high-quality equipment.
Headquartered in Chicago, Accel has demonstrated significant growth and resilience, even amidst macroeconomic uncertainties. As of the first quarter of 2024, the company operates 25,321 gaming terminals across 3,987 locations, reflecting a year-over-year increase of 5.6% in terminals and 5.1% in locations. The company’s core business revolves around net gaming revenue, which is derived from the difference between gaming wins and losses.
In recent achievements, Accel reported revenues of $301.8 million for Q1 2024, marking a 2.9% increase compared to Q1 2023. Despite a 19.2% decrease in net income to $7.4 million for the same period, the company's Adjusted EBITDA saw a slight increase to $46.2 million. Accel's strategic acquisitions, such as that of Century Gaming, Inc., have bolstered its market presence and revenue, with Illinois same-store sales growth contributing notably to these figures.
Financially, Accel ended Q1 2024 with $286 million of net debt, a decrease of 7% compared to Q1 2023. The company's balance sheet strength is further evidenced by its $6.1 million repurchase of Class A-1 common stock during the quarter, reflecting a continued commitment to providing value to investors.
Accel's forward-looking strategies include expanding its geographic footprint beyond Illinois, with a focus on new market opportunities. The company’s asset-light and hyper-local business model positions it uniquely in the distributed gaming landscape, offering one of the best returns in the industry according to CEO Andy Rubenstein.
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
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.
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