Accel Entertainment

Overview

Accel Entertainment is a U.S. distributed gaming operator and a developer/owner-operator of brick-and-mortar casinos serving local gaming markets and horse racing venues. The company provides turnkey, full-service gaming solutions to location partners including bars, restaurants, convenience stores, truck stops, fraternal and veteran organizations, casinos, and horse racing venues.

Core activities:

• Install, maintain, operate, and service gaming terminals (games of chance and games of skill).
• Provide redemption devices with ATM functionality, stand-alone ATMs, and amusement devices (jukeboxes, dartboards, pool tables).
• Design and manufacture gaming terminals and related equipment.
• Operate horse racing and casino ventures and manage sports betting partnerships.

Operational footprint and brands

• Illinois
  • Operating since 2012 under the Accel Entertainment brand.
  • Channels include bars, restaurants, retail, fraternal/veteran organizations, and truck stops (up to 6–10 terminals depending on location).
  • Fairmount Park – Casino & Racing in Collinsville opened in 2025.
• Montana
  • Operating since 2022 under Century Gaming and Grand Vision Gaming brands.
  • Licensed retail locations (up to 20 gaming terminals at some sites) including Yellowstone Casino and local parlors.
• Georgia
  • Operating since 2020 via Bulldog Gaming; venues include bars, restaurants, and taverns with certain sites licensed for up to 4 terminals.
• Nevada
  • Parlor and retail locations with gaming (up to 20 terminals at some licensed sites).
• Nebraska
  • Presence since 2022 in retail locations with gaming terminals.
• Iowa
  • Presence since 2021 in bars, taverns, and restaurants with multiple terminals per location.
• Louisiana
  • Toucan Gaming operates since 2024, focusing on bars, restaurants, retail, and fraternal/veteran organizations.

Fairmount Park – Casino & Racing (Illinois)

• Opened as a racino in 2025 and integrated into Accel’s portfolio.
• Operates about 260 gaming positions and features a sportsbook through a FanDuel revenue-sharing arrangement.
• Racing calendar includes 57 racing days planned for 2026.
• The racetrack license supports the casino license.

Products, technology, and suppliers

• Gaming terminals sourced from major manufacturers such as Light & Wonder, International Game Technology, Aristocrat, and Novomatic (upright, slant, and bar-top models).
• Content catalog includes more than 150 terminal models and nearly 2,000 games.
• Redemption and amusement device suppliers include NRT Technology, TouchTunes, Arachnid, and Diamond.
• Proprietary equipment and software developed by Grand Vision Gaming for distributed routes.
• Service offerings include data reporting and analytics for location partners, in-house marketing, compliance, cash management, financial services, and technical support.

Customer base and relationships

• Location partners: bars, restaurants, convenience stores, truck stops, fraternal/veteran organizations, casinos, and horse racing venues.
• Revenue and partner retention are supported by long-term exclusive contracts, dedicated relationship managers, weekly revenue reporting, and value-added services such as amusement solutions, prize pools, and ATMs.
• Operational support includes a 24/7 call center, local technicians, on-site onboarding, and assistance with regulatory onboarding and ongoing compliance.

Growth strategy and opportunities

• Expansion through organic growth in existing markets and through acquisitions.
• Target markets include states where gaming terminals are or could become legal, plus opportunities to add competitors’ locations.
• Key initiatives: optimize terminal layouts, refine data analytics to increase revenue per location, and expand distribution via corporate partners with multiple locations.
• Acquisitions are used to broaden market presence and capabilities while managing integration and regulatory requirements.

People and culture

• Employee headcount: over 1,600 nationwide (as of December 31, 2025).
• Approximately 147 employees covered by union contracts or agreements.
• Programs and benefits include workplace safety initiatives, onboarding and training, leadership development (Accel Academy), medical/dental/vision coverage, 401(k) with match, parental/adoption leave, paid time off, and an employee assistance program.
• The company maintains a Code of Conduct and equal employment opportunity policies.

Regulatory and risk landscape

• Operations are governed by state gaming and horse racing laws and regulations, including acts and statutes in Illinois, Pennsylvania, Georgia, Montana, Nevada, and Louisiana.
• Licensing, background checks, suitability determinations, and ongoing compliance are required across jurisdictions.
• Content certification and regulatory approvals for games can affect launch timing and expansion plans.
• The business faces risks from macroeconomic conditions, competition from other gaming formats, supplier concentration, supply chain disruptions, and changes in regulatory environments.