First full quarter of results from Fairmount Park Casino & Racing boosts Accel by 9.1 per cent
Operator building scale in Nebraska, Georgia, and Nevada
Accel Entertainment’s revenue increased 9.1 per cent to $329.7m in Q3 ’25 compared to Q3 ’24, reflecting the company’s ‘consistent execution and expansion across markets’ and ‘demonstrating the strength and resilience of its distributed gaming model and return-focused approach to growth.’
The company ended Q3 ’25 with 4,451 locations; an increase of 3.8 per cent compared to Q3 ’24 and 27,714 gaming terminals; an increase of 4.5 per cent compared to Q3 ’24
The quarter was also the first full quarter of casino and racing operations at Fairmount Park Casino & Racing.
Accel CEO Andy Rubenstein commented: “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, optimise location mix, and expand margins. In Illinois, our growth reflects further in-market expansion and the continued success from our efforts to optimise our portfolio. The rollout 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.
“With the completion of our new credit facility, we’ve strengthened our balance sheet, lowered our cost of capital, and extended our maturities to 2030. This new credit facility better positions Accel for continued growth investments and shareholder returns.
“Looking ahead, we see meaningful opportunities from the ongoing ramp of Fairmount Park, the continued expansion of the Louisiana market, and the potential for distributed gaming growth in new states and markets. We remain focused on disciplined execution, operational excellence, and our commitment to deliver long-term value for our shareholders.”
