Accel Entertainment sets new records after purchase of Toucan Gaming and FanDuel Collinsville
Accel Entertainment ended 2024 on a high with record revenues of $317.5m in its fourth quarter, marking an increase of 6.9 per cent, fuelling record revenues for the year as a whole of $1.2bn, an increase of 5.2 per cent.
The company ended the year with 4,117 locations; an increase of 3.9 per cent, and 26,346 gaming terminals; an increase of five per cent compared with a year earlier. One of the main highlights was the acquisition of Toucan Gaming, a distributed gaming operator in the state of Louisiana, and the acquisition of the FanDuel Sportsbook & Horse Racing in Collinsville, Illinois.
Accel CEO Andy Rubenstein commented: “I am very pleased to report that we ended 2024 on very strong footing, positioning us well as we enter 2025. We delivered another record quarter in terms of revenue, entered the Louisiana market with our acquisition of Toucan Gaming, and closed on our acquisition of FanDuel Sportsbook & Horse Racing, where we have already started construction on Phase I of our casino in anticipation of opening in the second quarter of 2025. We continue to strengthen our core and are expanding our offerings, which we believe will maintain attractive low-teens returns on capital, generate more free cash flow, and improve our trading multiples, making Accel a compelling investment opportunity.”
