Accel Entertainment Posts Record Q1 Revenue, Net Income Soars 97%

Accel Entertainment reported record revenue of approximately $324 million for the first quarter of 2025, marking a 7% year-over-year increase and surpassing consensus estimates. Net income nearly doubled to around $15 million, while adjusted EBITDA rose 7%, reflecting continued operational momentum. The company expanded its footprint to 4,391 locations and 27,180 gaming terminals, with notable revenue growth in Georgia, Nebraska, and its new Louisiana market, though Nevada saw a decline. Accel also highlighted its successful launch of casino and racing operations at Fairmount Park Casino & Racing in April, which contributed to strong customer turnout despite weather-related race cancellations. Management emphasized ongoing expansion efforts, robust financial performance, and positive early results from new markets as key drivers of growth. The company has consistently outperformed analyst expectations in recent quarters, reinforcing its strong position within the gaming industry.