Accel Entertainment revenue grows in Q3
Revenue increased 9.1 per cent in the quarter ended September 30.
US.- Accel Entertainment has published its financial and operating results for the quarter ended September 30. Revenue totalled $329.7m, up 9.1 per cent year-over-year.
The company reported net income of $13.4m, up 171.8 per cent. Adjusted EBITDA increased 11.5 per cent to $51.2m. Cash and cash equivalents stood at $290.2m and net debt $305m.
The operator was live at 4,451 locations, up 3.8 per cent from the same period in 2024, with 27,714 gaming terminals, up 4.5 per cent.
Accel CEO Andy Rubenstein commented: “These results reflect our consistent execution and expansion across our markets and once again demonstrate the strength and resilience of our distributed gaming model and return-focused approach to growth.
“In the Illinois and Montana markets, which represent the majority of our revenue, we continue to build on our leading positions and leverage our scale to drive efficiencies, optimize location mix, and expand margins. In Illinois, our growth reflects further in-market expansion and the continued success from our efforts to optimize our portfolio. The roll out of ticket-in, ticket-out functionality is progressing as planned and will enhance player convenience and streamline operations.
“Across our developing markets – Nebraska, Georgia, and Nevada – we’re building scale and continue our profitability growth in these markets, while our newer markets, including Louisiana and Fairmount Park Casino & Racing in Illinois, continue to ramp and contribute to consolidated growth. Louisiana market performance continues to scale, reflecting our long-term belief in this market and our ability to grow through bolt-on acquisitions. At Fairmount Park, early results support our long-term confidence in this property’s contribution through the racino, food and beverage, and our sports betting partnership with FanDuel.”
He also highlighted completion of a new credit facility to strengthen the balance sheet, lower the cost of capital and extended our maturities to 2030.
