Accel Entertainment Inc
NYSE:ACEL
Accel Entertainment Inc
Accel Entertainment, Inc. engages in the installation and operation of video gaming terminals in licensed video gaming locations. The company is headquartered in Burr Ridge, Illinois and currently employs 900 full-time employees. The company went IPO on 2017-08-18. The firm consists of the installation, maintenance and operation of video gaming terminals (VGTs), 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. The firm also operate stand-alone ATMs in gaming and non-gaming locations. The Company’s gaming-as-a-service platform provides local businesses with a gaming solution. The company owns all of its VGT equipment and manage the entire operating process for its licensed establishment partners. The firm operates approximately 13,384 video gaming terminals across over 2,549 locations in the State of Illinois.
Accel Entertainment, Inc. engages in the installation and operation of video gaming terminals in licensed video gaming locations. The company is headquartered in Burr Ridge, Illinois and currently employs 900 full-time employees. The company went IPO on 2017-08-18. The firm consists of the installation, maintenance and operation of video gaming terminals (VGTs), 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. The firm also operate stand-alone ATMs in gaming and non-gaming locations. The Company’s gaming-as-a-service platform provides local businesses with a gaming solution. The company owns all of its VGT equipment and manage the entire operating process for its licensed establishment partners. The firm operates approximately 13,384 video gaming terminals across over 2,549 locations in the State of Illinois.
Record quarter: Revenue of $341 million, up 7.5% year‑over‑year, and adjusted EBITDA of $56 million, up 19% — both all‑time quarterly highs.
Full year results: 2025 revenue of $1.3 billion and adjusted EBITDA of $210 million, with net income of $51 million and EPS of $0.61 basic / $0.60 diluted.
Chicago opportunity: IGB has begun accepting applications; company views a long‑term ~2,500 new‑location opportunity in Chicago and expects to be a leading participant.
Operations: Illinois optimization and TITO rollout (81% locations fully TITO‑enabled) are driving higher hold per day and margin expansion; Nevada, Louisiana, Nebraska and Georgia showed growth and consolidation activity.
Capital allocation: Repurchased ~3.8 million shares in 2025 (1.5 million in Q4); $297 million cash on hand, net debt of approximately $311 million and an untapped $300 million revolver.
Acquisitions & partnerships: Dynasty Games added 20 locations / ~123 machines; Rebel partnership adds 55 locations / 424 machines; company continues bolt‑on M&A focus.
Leadership transition: Andy Rubenstein moved to chairman; Mark Phelan will assume CEO responsibilities in August 2026.
