Accel Entertainment has received a Buy rating from Wall Street, citing its strong balance sheet, purchase of Fairmount Holdings, and the potential for more acquisitions.The Fairmount deal that closed in December enabled Accel to acquire FanDuel Sportsbook & Horseracing for $35 million, payable a
Accel Entertainment has finalized its acquisition of Fairmount Holdings, the owner of the FanDuel Sportsbook & Racetrack in Collinsville, Illinois.The $3.45 million stock-based transaction expands Accel’s presence in the local gaming market, incorporating Illinois’ only horse racing venue near t
Accel Entertainment has completed the acquisition of 85 per cent of the ownership interests of Toucan Gaming and LSM Gaming. The acquisition of the two Louisiana-based route operators and owners of multiple licensed video poker establishments cost approximately US$40m. The combined business will
CEO Andy Rubenstain said that Accel Entertainment’s 2024 third quarter, with reported revenue of $302.2 million and adjusted EBITDA of $45.9 million, along with income of $4.9 million, was “proof of the resiliency of our convenient local-gaming offering.”During Wednesday’s investor’s call, Rubenstei
Accel Entertainment unveiled plans for its racino at the horse track formerly known Fairmount Park during the Illinois Gaming Board meeting on Thursday, targeting an opening of its temporary casino before the Kentucky Derby next May.Accel reached an agreement to purchase Fairmount Holdings, which ow
/ THE END /
