The following is a summary of the Accel Entertainment, Inc. (ACEL) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Accel Entertainment reported Q2 2024 revenue of $309 million, a year-over-year increase of 5.7%.

• Adjusted EBITDA was $50 million, up from the previous year by 6.5%.

• Net debt at the end of Q2 stood at approximately $300 million, with liquidity at $522 million.

• Capital expenditures for Q2 were $18 million.

Business Progress:

• Announced the acquisition of Fairmount Park adding a master sports betting license and a racetrack among other assets.

• Added almost 50 new gaming locations, significantly in Illinois and Montana.

• Preparations underway for the introduction of the TITO system to enhance player convenience.

Opportunities:

• Expanding organically in Illinois, Nebraska, and Georgia through licensing and conversion of competitor locations.

• Positioning for future opportunities in new states likely to legalize local gaming.

• Active M&A pipeline highlighted by the recent acquisition of Fairmount Park, indicating potential growth in the local gaming market.

More details: Accel Entertainment IR

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