Accel Entertainment acquisition history

Century Gaming, Inc. is one of the leading distributed gaming operators in the Western United States, with a 60-plus-year history and Montana's largest gaming route plus a significant Nevada presence. At close it added more than 8,300 gaming terminals across over 900 licensed locations — bars, taverns, truck stops and convenience-store groups — in Montana and Nevada. The deal also brought Accel design and manufacturing capability through subsidiary Grand Vision Gaming (GVG) and Century's proprietary i-Rewards CRM and Gamblers Bonus player-rewards platforms. Announced March 2, 2021 at a $140 million cash-and-stock valuation, the transaction closed June 1, 2022 for $164.2 million including working capital. $164.2 million (cash and stock, including working capital; announced at $140 million).

We are thrilled to welcome Steve Arntzen and the Century team to the Accel family and look forward to leveraging this compelling transaction that will provide significant and attractive growth opportunities for both companies. As we continue to scale our presence across the United States, Steve and his leadership team at Century make for an ideal partner in the Western U.S.Andy Rubenstein — CEO, Accel Entertainment

In Accel, we have found an ideal strategic partner and together we are uniquely positioned to accelerate our growth trajectory as we deliver the latest technological advancements to the gaming market.Steve Arntzen — CEO, Century Gaming

Accel acquired 85% of the ownership interests of Toucan Gaming, LLC and LSM Gaming, LLC, two Louisiana-based route operators of licensed video poker establishments (collectively 'Toucan'), for approximately $40 million. The combined business operates as Toucan Gaming across Louisiana and is led by Stan Guidroz, who retains the remaining 15% and continues as CEO. The acquisition added 13 truck-stop locations (450 terminals) and 60 three-machine locations (180 terminals), and marked Accel's entry into the southeastern United States. approximately $40 million (for 85% of the ownership interests).

The acquisition of Toucan further expands Accel's reach into the attractive southeastern U.S. market, where we believe there is significant untapped demand and aligns with our ongoing strategy to expand Accel's presence both organically and through acquisitions.Andy Rubenstein — CEO, Accel Entertainment

By partnering with an industry leader like Accel, we can quickly accelerate our growth plans and leverage the many benefits that increased innovation and scale brings to our establishment owners and playing customers.Stan Guidroz — Owner and CEO, Toucan Gaming

Accel acquired Fairmount Holdings, Inc. and its subsidiary Fairmount Park, Inc. — owner of the FanDuel Sportsbook & Racetrack in Collinsville, Illinois — for total consideration of approximately $35 million, paid as 3.45 million shares of Accel Class A-1 common stock, from co-owners William Stiritz (former CEO of Post Holdings and Ralston Purina) and Robert Vitale (CEO and Chairman of Post Holdings). Fairmount is the only active horse racing venue in the greater St. Louis / southern Illinois market and one of two in Illinois; the asset includes an Organization Gaming License to offer casino positions and a master sports-betting license used in a revenue-share partnership with FanDuel. Announced July 15, 2024, the deal closed December 2, 2024. Accel plans to invest $85-95 million to build Phase I and Phase II casino facilities. The transaction was Accel's first move into single-site 'Local Gaming' assets, complementing its route-based footprint. approximately $35 million (3.45 million ACEL Class A-1 shares, based on a 20-day trailing average).

I am happy to report that we delivered another strong quarter and are making substantial progress closing our acquisition of FanDuel Sportsbook & Horse Racing, a natural extension of our convenient, local gaming platform.Andy Rubenstein — CEO, Accel Entertainment