Accel Entertainment Earnings Call Transcripts
Fiscal Year 2026
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Record revenue and adjusted EBITDA were achieved, driven by strong performance in Illinois and rapid growth in Nebraska, Georgia, and Nevada. The company maintains a robust balance sheet, completed key acquisitions, and is poised for further expansion as the Chicago market opens.
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The meeting covered director elections, executive compensation, and auditor ratification, with all proposals approved by majority vote. No questions were submitted by stockholders, and final results will be filed with the SEC.
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Record Q1 revenue and Adjusted EBITDA were driven by broad-based growth, especially in developing markets like Nebraska and Georgia. The company maintains a strong balance sheet, robust free cash flow, and is poised for further expansion with the upcoming Chicago VGT market launch.
Fiscal Year 2025
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Record 2025 results with revenue up 8% and Adjusted EBITDA up 11%, driven by core and new markets, disciplined operations, and strategic acquisitions. Chicago VGT market rollout expected late 2026 or early 2027, with continued focus on organic growth, M&A, and capital returns.
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Q3 2025 saw 9.1% revenue growth to $330M, with strong gains in core and developing markets and adjusted EBITDA up 11.5%. New credit facility, disciplined capital allocation, and ongoing expansion in Illinois, Louisiana, and Fairmont Park support a positive outlook.
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Record Q2 revenue and adjusted EBITDA were driven by strong growth in core and developing markets, with Illinois and new acquisitions performing well. The company maintains a robust balance sheet, active M&A pipeline, and expects continued growth, supported by operational improvements and capital discipline.
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Record Q1 revenue and EBITDA grew 7% year-over-year, driven by strong performance in core and new markets. Fairmount Park Casino opened ahead of schedule, and Louisiana integration is progressing well. CapEx guidance remains unchanged, with continued focus on operational efficiency.
Fiscal Year 2024
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Record 2024 revenue and EBITDA driven by strong Illinois performance, strategic acquisitions, and portfolio optimization. CapEx focused on Fairmont and Louisiana, with normalized spending expected to boost free cash flow. Share repurchase program replenished to $200 million.
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Q3 2024 saw 5% revenue growth and strong EBITDA, driven by Illinois and Nebraska performance. The Fairmount Park acquisition is on track, with regulatory approvals secured and a phased casino rollout planned. CapEx is set to decline, supporting improved capital returns.
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Record Q2 revenue and EBITDA were driven by strong growth in Illinois, Montana, and Nebraska, while Nevada saw a modest decline due to increased supply. The pending Fairmount Park acquisition is expected to be accretive, and capital allocation remains focused on growth and shareholder returns.
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The acquisition of a major horse racing and sportsbook venue in Illinois for $35 million in shares, plus $85–$95 million in planned investments, expands reach in the local gaming market. The deal leverages existing strengths, is expected to be accretive, and positions the company for further growth.