Accel completes Fairmount acquisition for 3.45 million shares in Illinois
Accel Entertainment said it completed its acquisition of Fairmount Holdings Inc., taking ownership of Fairmount Park Racetrack and FanDuel Sportsbook & Horse Racing in Illinois. The deal was exchanged for 3.45 million ACEL shares and includes an Organization Gaming License and a FanDuel sports betting partnership. Accel plans a Phase I casino opening in Q2 2025.
The acquisition gives Accel a racetrack, sportsbook and gaming licence, with a planned casino opening in Q2 2025.