Accel Entertainment Announces the Successful Closure of Its Acquisition of Fairmount Holdings, Fairmount Park, Inc. D/b/a FanDuel Sportsbook & Racetrack in Collinsville, Illinois, Broadeni...
Accel Entertainment, Inc. (ACEL)
Company Research
Source: Business Wire
The transaction extends Accel’s locals gaming footprint with the purchase of the only active horse racing venue in the greater St. Louis metropolitan area; including an Organization Gaming License to offer casino gaming positions as well as a partnership with FanDuel to participate in sport wagering in the state of IllinoisPurchasing Fairmount Holdings, Inc. (“Fairmount”), the owner of the FanDuel Sportsbook & Racetrack for 3.45 million ACEL shares (excluding adjustment for net working capital) from co-owners William Stiritz, former CEO of Post Holdings and Ralston Purina, and Robert Vitale, CEO and Chairman of Post HoldingsBuilding on Accel’s strong distributed, ‘route-based’ platform with advantaged, single-site locals gaming assets – one of two active horse racing venues in Illinois and the only one in the greater St. Louis/southern Illinois marketAcquiring, a.) an active racetrack with 55 annual race days, b.) an opportunity to develop a legislatively authorized casino project and
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ACEL
News
- Accel Entertainment, Inc. (ACEL) Hit a 52 Week High, Can the Run Continue? [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Sell ACEL and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Is Accel Entertainment (ACEL) Outperforming Other Consumer Discretionary Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Accel Boosts Gaming Portfolio & Expands in Illinois With FanDuel [Yahoo! Finance]Yahoo! Finance
- Does Accel Entertainment (ACEL) Have the Potential to Rally 26.03% as Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
ACEL
Earnings
- 10/30/24 - Miss
ACEL
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- ACEL's page on the SEC website