Accel Boosts Gaming Portfolio & Expands in Illinois With FanDuel [Yahoo! Finance]
Accel Entertainment, Inc. (ACEL)
Company Research
Source: Yahoo! Finance
ACEL stock lost 3% in the after-hours trading session on Monday, post the acquisition closure news break. Accel closed the buyout deal for a total consideration of about 3.45 million shares of its Class A-1 common stock. This strategic move expands the company's gaming footprint in the Illinois market, with the only active horse racing venue in the greater St. Louis metropolitan area being in its possession. The acquisition also offers it the opportunity to develop a legislatively authorized casino project and a master sports betting license used in a revenue share agreement with FanDuel. ACEL aims to invest between $85 million and $95 million for the casino construction and modest track investments in two phases, Phase I and then Phase II. It believes that the buyout will add to its business growth and profitability in the upcoming years, with a five-year forecast indicating adjusted EBITDA to be in the range of $20-$25 million and more than 75% free cash flow conversion. To s
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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 Entertainment Announces the Successful Closure of Its Acquisition of Fairmount Holdings, Fairmount Park, Inc. D/b/a FanDuel Sportsbook & Racetrack in Collinsville, Illinois, Broadening Accel’s Reach Into the Locals Gaming MarketBusiness Wire
- 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