Downstate racetrack to move ahead with casino, while Hawthorne in suburban Stickney fights lawsuit [Yahoo! Finance]
Accel Entertainment, Inc. (ACEL)
Company Research
Source: Yahoo! Finance
Accel Entertainment recently agreed to buy Fairmount Park Racetrack, now doing business as FanDuel Sportsbook and Horse Racing in Collinsville, for $35 million. Accel, a video gaming terminal operator, plans to invest $85 million to $95 million for temporary and permanent casinos on the site, while retaining racing, creating a “racino.” Accel's five-year plan predicted the facility could generate $20 million to $25 million before paying taxes, debt and depreciation, creating a “compelling cash flow return.” But five years after legislation allowing them to build a racino, Hawthorne officials again said they still are working on getting financing. President Tim Carey said they are in “advanced phases” to complete a deal, but an attorney for the company said they could not publicly provide details. Hawthorne was recently sued by a veterinarian claiming that officials there allowed horses that were sick, injured or lame to run in races. In one case, a horse died just nine days
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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
- 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
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