Accel Entertainment, Inc.

ACEL

US00436Q1067

Casinos & Gaming

Market Closed - Nyse Other stock markets 21:00:02 15/07/2024 BST			5-day change	1st Jan Change
10.47 ^USD	+0.96%		+4.39%	+1.95%

07-15	Transcript : Accel Entertainment, Inc. - M&A Call
07-15	Accel Entertainment Acquiring Racetrack, Casino Firm	MT

Accel Entertainment, Inc. agreed to acquire FanDuel Sportsbook & Horse Racing for $35 million.

July 14, 2024

Accel Entertainment, Inc. (NYSE:ACEL) agreed to acquire FanDuel Sportsbook & Horse Racing for $35 million on July 12, 2024. The consideration consists of 3.456119 million common equity of Accel Entertainment, Inc. to be issued for common equity of FanDuel Sportsbook & Horse Racing. For the period ending December 31, 2023, FanDuel Sportsbook & Horse Racing reported total revenue of $29 million. The transaction reflects TEV/EBITDA multiple of 5.5x. The transaction is subject to approval of merger agreement by target board and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is in the fourth quarter of 2024.
Wells Fargo Securities, LLC acted as financial advisor for Accel Entertainment, Inc. Lewis Rice LLC acted as legal advisor for FanDuel Sportsbook & Horse Racing. McDermott Will & Emery LLP acted as legal advisor for Accel Entertainment, Inc.

Latest news about Accel Entertainment, Inc.

Transcript : Accel Entertainment, Inc. - M&A Call	07-15
Accel Entertainment Acquiring Racetrack, Casino Firm	07-15	MT
Accel Entertainment, Inc. agreed to acquire FanDuel Sportsbook & Horse Racing for $35 million.	07-14	CI
Accel Entertainment Insider Sold Shares Worth $647,314, According to a Recent SEC Filing	06-17	MT
Accel Entertainment Insider Sold Shares Worth $1,959,578, According to a Recent SEC Filing	05-17	MT
Deutsche Bank Adjusts Accel Entertainment Price Target to $16 From $13, Maintains Buy Rating	05-09	MT
Transcript : Accel Entertainment, Inc., Q1 2024 Earnings Call, May 08, 2024	05-08
Earnings Flash (ACEL) ACCEL ENTERTAINMENT Posts Q1 EPS $0.09	05-08	MT
Earnings Flash (ACEL) ACCEL ENTERTAINMENT Posts Q1 Revenue $301.8M, vs. Street Est of $295.8M	05-08	MT
Tranche Update on Accel Entertainment, Inc.'s Equity Buyback Plan announced on November 22, 2021.	05-08	CI
Accel Entertainment, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-08	CI
Accel Entertainment Insider Sold Shares Worth $275,591, According to a Recent SEC Filing	04-17	MT
Accel Entertainment Insider Sold Shares Worth $330,000, According to a Recent SEC Filing	03-04	MT
Transcript : Accel Entertainment, Inc., Q4 2023 Earnings Call, Feb 28, 2024	02-28
Tranche Update on Accel Entertainment, Inc.'s Equity Buyback Plan announced on November 22, 2021.	02-28	CI
Earnings Flash (ACEL) ACCEL ENTERTAINMENT Reports Q4 Revenue $297.1M, vs. Street Est of $285M	02-28	MT
Earnings Flash (ACEL) ACCEL ENTERTAINMENT Reports Q4 EPS $0.53, vs. Street Est of $0.18	02-28	MT
Accel Entertainment, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	02-28	CI
Accel Entertainment Insider Sold Shares Worth $100,734, According to a Recent SEC Filing	12-07	MT
Accel Entertainment Insider Sold Shares Worth $406,104, According to a Recent SEC Filing	12-05	MT
Accel Entertainment Insider Sold Shares Worth $218,584, According to a Recent SEC Filing	11-16	MT
Accel Entertainment Insider Sold Shares Worth $219,112, According to a Recent SEC Filing	11-16	MT
Accel Entertainment Insider Sold Shares Worth $216,166, According to a Recent SEC Filing	11-09	MT
Accel Entertainment Insider Sold Shares Worth $515,748, According to a Recent SEC Filing	11-09	MT
Transcript : Accel Entertainment, Inc., Q3 2023 Earnings Call, Nov 07, 2023	11-07

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Company Profile

Accel Entertainment, Inc. is a distributed gaming operator in the United States and a partner for local business owners in the markets it serves. The Company's business consists of the installation, maintenance and operation of gaming terminals, redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and other amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It also operates ATMs in gaming and non-gaming locations. The Companyâs gaming-as-a-service platform provides local businesses with a turnkey gaming solution. It owns all of its gaming equipment and manages the operating process for its licensed partners. In addition to its gaming business, it also installs, operates and services redemption devices that have ATM functionality, ATMs and amusement devices, including jukeboxes, dartboards, pool tables, pinball machines and others.

Sector

Casinos & Gaming

Calendar

06/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

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