Accel Entertainment Reports Q3 Revenue Growth and Outlines Chicago Expansion Strategy
Accel Entertainment (ACEL) reported strong third-quarter financial results, with revenue increasing 10% year-over-year to $364 million. Adjusted EBITDA saw a corresponding rise of 12%, reaching $57 million. The company's performance was bolstered by growth in its largest market, Illinois. Looking ahead, management outlined an aggressive expansion strategy in Chicago, targeting the rollout of 100 to 200 new locations annually. Additionally, the company is focusing on Fairmount Park, with a target to achieve $20 million to $25 million in annualized EBITDA from that segment.
Tickers: $ACEL
Topics: earnings report EBITDA financial results revenue growth
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