Accel Entertainment Inc - Class A1

Announcement: ACEL 8-K Special Filing

Analysis of Company's Performance:

Accel Entertainment, Inc. has performed well during the period under review. The acquisition of all outstanding equity interests of Century Gaming, Inc. has considerably increased the company's revenue streams. The overall net gaming revenue of the company has been impressive, considering the competitive and restrictive nature of the gambling market. The company's net gaming revenue is generated from the difference between the gaming wins and losses of its partnering locations.

The company's amusement revenue has also contributed to the revenue stream. It represents the amount collected from amusement devices operated at various partner locations. The company's third business segment of manufacturing gaming terminals generated revenue through sales of gaming terminals by Grand Vision Gaming.

On the expense side, the company's cost of revenue primarily consists of taxes on net gaming revenue payable to the appropriate jurisdiction, licenses, permits, and other fees required for the operation of gaming terminals and other equipment, location revenue share, ATM and amusement commissions payable to locations, and costs associated with the sale of gaming terminals.

Overall, the company has performed well in generating revenues across its businesses and operating efficiently by keeping expenses in check.

Forward Looking Analysis:

Accel Entertainment, Inc. is strongly positioned to expand its operations and increase its presence in markets where it operates. The acquisition of Century Gaming, Inc. with its strong hold on the Montana market has given the company a significant advantage. This acquisition will help Accel to increase its manufacturing and distribution capabilities and provide additional revenue streams.

The company faces various risks that should be considered by investors. The economic recession or instability in the US and global banking systems could significantly reduce the players' ability and desire to spend disposable income at partner locations, thereby adversely affecting the company's results of operations and cash flows.

Moreover, the company operates in a highly regulated industry and is subject to various federal, state, and local laws and regulations. Future regulatory changes or other legal proceedings may significantly affect the company's operations and financial performance.

Despite these risks, Accel Entertainment, Inc. is well-positioned to capitalize on the growing distributed gaming market. The company can further gain market share by expanding into new jurisdictions, entering into partnerships with new locations, improving customer experiences, and enhancing its gaming and amusement devices' performance. The company's cost-control measures have been successful in operating efficiently, providing investors with a sense of stability in terms of the company's financial performance.

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Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Accel Entertainment Revenue Analysis: Prospects of Expansion Strong.

Accel Entertainment, Inc. (NYSE: ACEL) has released its Q1 2023 financial and operating results, showcasing a strong performance for the quarter. The company has reported a record-breaking revenue of $293.9 million, a significant increase compared to the first quarter of 2022. The higher revenue has been attributed to the acquisition of Century Gaming, Inc. The company's growth strategy and strong execution have enabled it to expand distributed gaming offerings, resulting in significant increases in gaming terminals and locations over the past year.

Accel is currently the leading distributed gaming operator in the U.S on an Adjusted EBITDA basis, and a preferred partner for local business owners in the markets it serves. The company offers gaming terminals, functionality, and other amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.

During Q1 2023, the company had non-GAAP financial measures, including Adjusted EBITDA, Adjusted net income, and Net Debt. These metrics exclude the effects of certain non-cash items, represent non-recurring items that are unrelated to core performance, or exclude non-core operations. Management of Accel believes that these non-GAAP financial measures are used by investors, analysts, and other interested parties as measures of financial performance.

Although Accel excludes amortization of intangible assets and route and customer acquisition costs from Adjusted EBITDA and Adjusted net income, it believes that these assets contribute significantly to revenue generation. Future acquisitions may also result in amortization of intangible assets and route and customer acquisition costs.

In the upcoming investor conference call scheduled for May 3, 2023, the company's management will discuss the financial and operating results of the quarter. The call will provide personalized access to the webcast and individual dial-in for the call.

The competition, unfavorable macroeconomic conditions, and decreased discretionary spending due to other factors such as increased interest rates, increased inflation, and instability in the market remain challenges for the company. However, Accel's growth strategy and strong execution continue to drive growth for the company, signaling a positive outlook for investors.

Form 8-K - Current report - Item 2.02 Item 9.01

$ACEL reports record-breaking Q1 2023 revenue of $293.9 million driven by growth strategy and acquisition of Century Gaming, Inc.

Form 8-K - Current report - Item 5.02 Item 9.01

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

Accel Entertainment: Rapid Growth through Strategic Acquisition & Positioning##:
Accel's acquisition of Century and strong presence in regulated & emerging markets set to accelerate growth.

Announcement: ACEL 8-K Special Filing

Announcement: ACEL 8-K Special Filing

Accel Entertainment Revenue Analysis: Prospects of Expansion Strong.

Accel Entertainment Revenue Analysis: Prospects of Expansion Strong.

$ACEL reports record-breaking Q1 2023 revenue of $293.9 million driven by growth strategy and acquisition of Century Gaming, Inc.

$ACEL reports record-breaking Q1 2023 revenue of $293.9 million driven by growth strategy and acquisition of Century Gaming, Inc.

Announcement: ACEL 8-K Special Filing

Announcement: ACEL 8-K Special Filing

Announcement: ACEL 8-K Special Filing

Announcement: ACEL 8-K Special Filing

Announcement: ACEL 10-K Annual Report

Announcement: ACEL 10-K Annual Report