Accel Entertainment reported first-quarter 2024 revenue of $301.8m, compared with $293.2m in the same quarter of 2023, while profit fell to $19.5m from $21m. CEO Andy Rubenstein said the company remained cautiously optimistic about legislative trends beyond Illinois and was exploring expansion opportunities.
Accel’s revenue growth alongside falling profit informs investors, while its comments flag expansion opportunities and legislative trends.
Quarter ended 30 September 2026
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The Illinois Gaming Board has granted Accel Entertainment licences to place gaming terminals at locations in Chicago, the company’s chief executive said. Accel expects 700 to 1,400 locations to become operational from a pool of 2,500 available city licences, with its first sites anticipated to open in the coming weeks.
Accel Entertainment said its subsidiary Toucan Gaming acquired the assets of Rice Palace Inc. and South Louisiana Gaming Inc., which own and operate the Rice Palace Truck Stop Casino in Crowley, Louisiana. The deal adds 50 video gaming devices; Accel and Toucan plan to raise the site’s capacity to 60, while financial terms were not disclosed.
Analysts discussed the proposed Fertitta Entertainment acquisition of Caesars, announced on Thursday, and its potential effects on casino operators. J.P. Morgan’s Daniel Politzer raised questions about financing, possible divestitures and shareholder approval, while CBRE’s John DeCree said the sector could see further leveraged and management buyouts.
Accel Entertainment has launched live table games at Fairmount Park Casino & Racing in Illinois, the company said. The offering includes blackjack, roulette and other games. Accel said it acquired the venue in December 2024 for $35 million; Fairmount recorded $2.17 million in adjusted gross revenue from slots and electronic table games in March.
Analysts issued views on Genius Sports, Churchill Downs, Accel Entertainment and Sportradar in notes dated 3, 4 and 9 March. Truist lowered its Genius Sports price target to $13 from $15 while retaining a Buy rating; other notes discussed company performance, potential developments and forecasts.