A

Accel Entertainment

Installs, maintains VGTs with revenue sharing

Overview

Accel Entertainment provides video gaming terminals (VGTs) to liquor-licensed venues, fraternal and veterans organizations, and truck stops, earning a share of the gaming revenue. It installs and maintains the VGTs in partner locations and offers ongoing customer support and compliance guidance to meet state rules. The company distinguishes itself through long-standing licensing (one of the first Illinois Terminal Operators in 2012), strong relationships with partners, and a focus on compliance across multiple states including Illinois, Montana, Nevada, Nebraska, and Pennsylvania. Its business model centers on revenue sharing rather than selling machines outright, aligning Accel’s success with the performance of its partner locations. Accel’s goal is to expand its presence in legalized gaming markets by helping partners grow revenue while maintaining high-quality, compliant gaming experiences.

Significant Headcount Growth

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About Accel Entertainment

Simplify's Rating
Why Accel Entertainment is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

EntertainmentGaming

Company Size

201-500

Company Stage

IPO

Headquarters

Burr Ridge, IL

Founded

2009

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What believers are saying

  • Q2 2026 revenue hit $368 million, up 10%, with adjusted EBITDA rising 11%.
  • July 2026 Green Valley Grocery added about 600 Nevada terminals.
  • Illinois Gaming Board renewed Accel's terminal operator license through March 2030.

What critics are saying

  • Illinois Gaming Board denied Accel's 2019 Shooters and Corner Tap petitions in May 2026.
  • Mark Phelan becomes CEO in August 2026; leadership churn risks execution during expansion.
  • Illinois and Nevada rule changes can strand terminals, crushing routes and Fairmount's growth.

What makes Accel Entertainment unique

  • Accel runs 28,000 terminals across 10 states, spanning bars, truck stops, and racinos.
  • Fairmount Park Casino & Racing gives Accel owned casino revenue, not just route splits.
  • Toucan Gaming, Century Gaming, and local operator relationships deepen state-specific execution.

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Funding

Total Funding

$906M

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Paid Vacation
  • Paid Holidays
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Hybrid Work Options
  • Mental Health Support

Stock Price

Growth & Insights and Company News

6 month growth

7%

1 year growth

7%

2 year growth

7%
The Markets Daily
Nov 4th, 2026
Accel Entertainment (NYSE:ACEL) announces earnings results, beats estimates by $0.04 EPS.

Accel Entertainment (NYSE:ACEL) announces earnings results, beats estimates by $0.04 EPS. Accel Entertainment (NYSE:ACEL - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04, FiscalAI reports. Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%. The business had revenue of $363.56 million during the quarter, compared to the consensus estimate of $358.62 million. Here are the key takeaways from Accel Entertainment's conference call: * Q3 results exceeded expectations: Revenue rose 10% year over year to $364 million, while Adjusted EBITDA increased 12% to $57 million and net income climbed 55% to $21 million. EBITDA growth outpaced revenue, reflecting operating leverage and route optimization. * Accel reported broad-based growth across its markets, including 42% revenue growth in both Georgia and Nebraska, 20% growth in Louisiana, and an 84% increase in Fairmount gaming revenue. Illinois also delivered 7% revenue growth and 9% higher hold per day despite operating fewer locations and terminals. * Chicago is moving toward launch after Accel received its first city licenses, with initial locations expected to go live within weeks. Management plans to add roughly 100-200 locations annually, with a long-term target of approximately 700-900 locations and about one-third of the market. * The permanent Fairmount casino remains attractive, with expected annualized EBITDA raised to $20 million-$25 million, but estimated project costs are now 15%-20% above the prior $80 million forecast. Management said the higher costs should not affect the project timeline. * Nevada showed signs of local-demand softness, particularly in Las Vegas, while the addition of lower-hold-per-day convenience-store locations diluted reported productivity. Nevada revenue still rose 25.4%, but hold per day declined about 16% as Accel works to improve the newer portfolio. Accel Entertainment price performance. Shares of Accel Entertainment stock traded down $0.02 during trading on Tuesday, reaching $11.89. 361,322 shares of the company's stock were exchanged, compared to its average volume of 355,233. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47. Accel Entertainment has a 1-year low of $9.55 and a 1-year high of $14.00. The company has a market cap of $965.51 million, a P/E ratio of 17.75 and a beta of 1.07. The firm's 50-day moving average price is $11.29 and its 200 day moving average price is $11.70. Insider buying and selling at Accel Entertainment. In related news, insider Derek Harmer sold 13,162 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $11.60, for a total value of $152,679.20. Following the sale, the insider directly owned 157,767 shares of the company's stock, valued at $1,830,097.20. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 40,036 shares of company stock worth $465,180. 14.47% of the stock is owned by corporate insiders. Wall Street analyst weigh in. ACEL has been the topic of several recent analyst reports. Truist Financial decreased their target price on shares of Accel Entertainment from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, October 20th. Citizens Jmp boosted their target price on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a "market outperform" rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Wells Fargo & Company initiated coverage on shares of Accel Entertainment in a report on Friday, August 21st. They set an "equal weight" rating and a $14.00 price target for the company. Finally, Wall Street Zen upgraded shares of Accel Entertainment from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.60. About Accel Entertainment. Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services and equipment to non-casino businesses. The company places and operates gaming terminals in locations such as bars, restaurants, taverns, convenience stores, truck stops, and fraternal or veterans organizations, allowing these establishments to offer legal gaming without operating a traditional casino. Receive News & Ratings for Accel Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accel Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

AVAZ
Nov 3rd, 2026
For Accel Entertainment, Chicago licenses bolster outlook - CDC gaming.

For Accel Entertainment, Chicago licenses bolster outlook - CDC gaming. For Accel Entertainment, it seems less is more. During Tuesday's earnings call, Accel CEO Mark Phelan noted that the operator achieved 7% growth in its largest market, Illinois, despite having less locations and machines. Phelan said this reflects the benefits of Accel's route-optimization strategy. "We're improving location quality, deploying better content, and putting capital behind these opportunities, leading to stronger returns, as evidenced in both the revenue and whole per day metrics," Phelan said. "More broadly, through the first nine months of 2026, we haven't observed the material impact on our business from the macroeconomic factors affecting other areas of consumer spending." Accel reported 3Q26 revenue was $364 million, an increase of 10% year over year. Adjusted EBITDA increased 12% to $57 million. Net income was $21 million compared to $13 million the prior-year period, an increase of approximately 55%. Phelan noted that while other states, including Georgia, Nebraska, and Louisiana, continue to scale, Nevada gives the operator a substantial platform with significant opportunity for operational improvement and Fairmount Park (in Collinsville, Illinois) continues to validate Accel's investment in the property. "We're increasingly focused not simply on adding revenue, but on converting our growth into meaningful earnings and cash flow," Phelan said. "An important part of what differentiates Accel is the strength of the platform we provide our location partners. We manage virtually every aspect of the gaming operation - compliance, equipment, content, payments, location security, machine maintenance, cash management, promotions, and analytics. That integrated approach strengthens our relationships with our partners, allows us to continuously optimize location performance, and creates meaningful operating leverage as we scale." Phelan also noted that the Illinois Gaming Board has granted Accel licenses to place gaming terminals at locations in Chicago. He expects roughly 700-1,400 locations, of 2,500 available licenses in the city, to be up and running in the near future. "With our first locations expected to go live in the next several weeks because we are already operating at significant scale across Illinois, we expect to support Chicago largely through our existing infrastructure, allowing us to enter the market with relatively modest incremental overhead and attractive economics," Phelan said. "Avaz Market Inc. is prepared to move quickly as additional licenses are issued and locations become operational. "Based on our current plans, we expect to deploy approximately four-and-a-half machines per location, and add approximately 100 to 200 locations annually as the market develops. Over time, as the market matures, we believe we will capture approximately one third of the Chicago market, broadly consistent with our share across the rest of Illinois."

MarketBeat
Nov 3rd, 2026
Accel Entertainment (NYSE:ACEL) announces earnings results, beats estimates by $0.04 EPS.

Accel Entertainment (NYSE:ACEL) announces earnings results, beats estimates by $0.04 EPS. November 3, 2026 Key points. * Accel beat quarterly estimates: EPS was $0.22 versus the $0.18 consensus, and revenue reached $363.6 million, above expectations. Revenue grew 10% year over year, while adjusted EBITDA rose 12% and net income increased 55%. * Chicago expansion is nearing launch: Accel received its first city licenses and expects initial locations to open within weeks, with plans to add about 100-200 locations annually. * Some projects and markets face pressure: Fairmount casino cost estimates rose 15%-20% above the previous $80 million forecast, while Nevada's hold per day fell about 16% amid softer local demand and a lower-productivity mix. * Five stocks we like better than Accel Entertainment. Accel Entertainment (NYSE:ACEL - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04, FiscalAI reports. Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%. The business had revenue of $363.56 million during the quarter, compared to the consensus estimate of $358.62 million. Here are the key takeaways from Accel Entertainment's conference call: * Q3 results exceeded expectations: Revenue rose 10% year over year to $364 million, while Adjusted EBITDA increased 12% to $57 million and net income climbed 55% to $21 million. EBITDA growth outpaced revenue, reflecting operating leverage and route optimization. * Accel reported broad-based growth across its markets, including 42% revenue growth in both Georgia and Nebraska, 20% growth in Louisiana, and an 84% increase in Fairmount gaming revenue. Illinois also delivered 7% revenue growth and 9% higher hold per day despite operating fewer locations and terminals. * Chicago is moving toward launch after Accel received its first city licenses, with initial locations expected to go live within weeks. Management plans to add roughly 100-200 locations annually, with a long-term target of approximately 700-900 locations and about one-third of the market. * The permanent Fairmount casino remains attractive, with expected annualized EBITDA raised to $20 million-$25 million, but estimated project costs are now 15%-20% above the prior $80 million forecast. Management said the higher costs should not affect the project timeline. * Nevada showed signs of local-demand softness, particularly in Las Vegas, while the addition of lower-hold-per-day convenience-store locations diluted reported productivity. Nevada revenue still rose 25.4%, but hold per day declined about 16% as Accel works to improve the newer portfolio. Accel Entertainment price performance. Shares of Accel Entertainment stock traded down $0.02 during trading on Tuesday, reaching $11.89. 361,322 shares of the company's stock were exchanged, compared to its average volume of 355,233. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47. Accel Entertainment has a 1-year low of $9.55 and a 1-year high of $14.00. The company has a market cap of $965.51 million, a P/E ratio of 17.75 and a beta of 1.07. The firm's 50-day moving average price is $11.29 and its 200 day moving average price is $11.70. Insider buying and selling at Accel Entertainment. In related news, insider Derek Harmer sold 13,162 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $11.60, for a total value of $152,679.20. Following the sale, the insider directly owned 157,767 shares of the company's stock, valued at $1,830,097.20. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 40,036 shares of company stock worth $465,180. 14.47% of the stock is owned by corporate insiders. Wall Street analyst weigh in. ACEL has been the topic of several recent analyst reports. Truist Financial decreased their target price on shares of Accel Entertainment from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, October 20th. Citizens Jmp boosted their target price on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a "market outperform" rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Wells Fargo & Company initiated coverage on shares of Accel Entertainment in a report on Friday, August 21st. They set an "equal weight" rating and a $14.00 price target for the company. Finally, Wall Street Zen upgraded shares of Accel Entertainment from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.60. Discover more MarketBeat All Access Stock Market News Stock Screener Tool About Accel Entertainment. Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services and equipment to non-casino businesses. The company places and operates gaming terminals in locations such as bars, restaurants, taverns, convenience stores, truck stops, and fraternal or veterans organizations, allowing these establishments to offer legal gaming without operating a traditional casino. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Accel Entertainment, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accel Entertainment wasn't on the list. While Accel Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Looking for higher dividend income in 2027? Discover seven high-yield dividend stocks with attractive payouts, proven dividend histories and growth potential. 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InterGame Ltd
Aug 5th, 2026
Accel reports record Q2 revenue of $368m.

Accel reports record Q2 revenue of $368m. Operator's revenue increased 10 per cent compared to 2025. August 05, 2026 Accel Entertainment, a locals-focused gaming operator, has announced financial and operating results for the second quarter ended June 30. Revenue increased 10 per cent to $368m compared to 2025. Net income of $13m for Q2 2026 was an increase of 72 per cent compared to 2025. 'Another strong quarter' - CEO. Accel CEO Andy Rubenstein commented: "Accel delivered another strong quarter, with revenue increasing 10 per cent year-over-year to a record of $368m and adjusted EBITDA rising 11 per cent to $59m. "We believe these results reflect the strength and resilience of our distributed gaming model, the disciplined execution of our team and the ongoing success of our long-term strategy."

Gamblers Connect
Jul 21st, 2026
Accel Entertainment expands Nevada operations with Green Valley Grocery Route Agreement.

Accel Entertainment expands Nevada operations with Green Valley Grocery Route Agreement. Editorial Standards Fact-Checked ⊘ Independence Commercial Disclosure GC AI Summary Accel Entertainment has expanded its Nevada gaming operations by signing a route agreement with Anabi Oil to manage gaming terminals across all Green Valley Grocery convenience store locations in Southern Nevada, adding around 600 electronic gaming terminals to its network. This is the second deal between the two companies in 2026, following a January agreement covering Anabi's Rebel Convenience Store locations in Las Vegas. Accel now supports all Anabi-affiliated Southern Nevada locations, bringing its Nevada total to over 4,600 terminals across more than 525 locations. Key Takeaways Route Agreement Expansion - Accel subsidiary Century Gaming Technologies signs route agreement to service all Green Valley Grocery stores in Southern Nevada Terminal Footprint Growth - The deal adds approximately 600 electronic gaming terminals (EGTs) to Accel's local distributed network Anabi Oil Collaboration - Marks the second deal with Anabi Oil in 2026, following the January agreement covering Rebel Convenience Stores Nevada Baseline Performance - As of July 1, 2026, Accel operated more than 4,000 terminals across 525+ locations in Nevada National Operations - Accel supports over 28,000 EGTs across more than 4,500 local business locations across 10 U.S. states Fact-checked Sources verified before publication Subsidiary Century Gaming Technologies adds 600 terminals via deal with Anabi Oil. NYSE-listed locals-focused gaming operator Accel Entertainment, Inc. (NYSE: ACEL) has expanded its Nevada route operations through a new agreement with convenience store operator Anabi Oil. Under the contract, Accel's subsidiary, Century Gaming Technologies Nevada, will support all active Green Valley Grocery convenience store locations across Southern Nevada, adding approximately 600 electronic gaming terminals (EGTs) to its distributed gaming network. Financial terms of the agreement were not disclosed. The agreement represents the second major transaction between Anabi Oil and Century Gaming Technologies in 2026. In January, Accel became the gaming operator across all of Anabi's Rebel Convenience Store locations throughout Las Vegas. Operational scope and market footprint. The route agreement integrates Accel's promotional systems, data analytics, and operational support across the Green Valley Grocery footprint to streamline operations and enhance player engagement. Prior to this deal, Accel's Nevada footprint encompassed over 4,000 gaming terminals deployed across 525 locations as of July 1, 2026. On a national level, Accel operates more than 28,000 EGTs across 4,500 non-casino locations (including bars, restaurants, convenience stores, and veteran establishments) and 20 self-operated gaming sites across ten states. Overview of Anabi Oil portfolio integration. The table below outlines the timeline and operational scope of Accel's partnership with Anabi Oil in Southern Nevada: Executive perspectives: strategic Expansion in distributed gaming. Leadership from both organizations highlighted the operational synergy established during the initial Rebel rollout as a key driver for extending the partnership to Green Valley Grocery. Andy Rubenstein, Chief Executive Officer of Accel Entertainment, stated: "Adding approximately 600 terminals across the Green Valley Grocery locations is a meaningful step for its US Nevada business. Together with Rebel, Gamblers Connect is now supporting all Anabi-affiliated Southern Nevada locations, representing a concentrated, high-quality piece of its Nevada network that Gamblers Connect intend to strategically invest in and grow. "This agreement highlights our continued momentum in Nevada and our confidence in the long-term growth potential of this market. When we partnered with Anabi Oil earlier this year on their Rebel locations, we knew we were building something with real staying power. Accel's agreement with Green Valley Grocery is a direct reflection of that - a partnership that's already working, now extended across a much larger footprint. Anabi has been a tremendous partner to work with, and we're proud to deepen that relationship across Southern Nevada." Sam Anabi, CEO of Anabi Oil, added: "When we brought Accel on as our gaming partner for Rebel earlier this year, we saw firsthand what their platform and team could deliver. Extending that relationship to our Green Valley Grocery locations was an easy decision. We're excited to grow alongside them across both brands and confident this partnership will create real value for our customers and the communities we serve." Dimitri is an iGaming expert with nearly a decade of experience and a knack for crafting content that speaks directly to the iGaming crowd. He understands affiliate marketing, player psychology, and search algorithms, which enables him to write engaging, data-driven articles. 1 source verified before publication. This news is an official press release that traces directly to official documents by Accel Entertainment. How Gamblers Connect verify sources Accel Entertainment Andy Rubenstein, Chief Executive Officer of Accel Entertainment · July 20, 2026 Official Body Primary "Adding approximately 600 terminals across the Green Valley Grocery locations is a meaningful step for our Nevada business. Together with Rebel, we're now supporting all Anabi-affiliated Southern Nevada locations, representing a concentrated, high-quality piece of our Nevada network that we intend to strategically invest in and grow." Gamblers Connect only publishes verified and official news from reputable game providers. Read its full editorial standards

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