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Stock impact report

Accel Entertainment Announces Expansion into Louisiana

Accel Entertainment, Inc. (ACEL) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Accel Entertainment, Inc. (NYSE: ACEL) (“Accel” or the “Company”), a leading distributed gaming operator, today announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming, LLC and LSM Gaming, LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.Transaction highlights include:A business that is expected to generate approximately $25 million of revenue and $6 million of Adjusted EBITDA in 2025;Further expansion of Accel’s operations into the southeastern United States;Adds 13 truck stop locations which include a Show less Read more
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