Second quarter revenue surge reported by Accel Entertainment, growth pace for future expansions played down
Accel Entertainment, a leading player in the gaming industry, has reported a robust performance in the second quarter of 2025. The company achieved record quarterly revenues of $335.9 million, marking an 8.6% increase year-over-year[1][3][4].
The company ended the quarter with 4,427 locations, a 3.1% increase, and 27,388 gaming terminals, up 3.4% compared to Q2 2024[1][3][4]. Despite revenue growth, net income declined by 50.2% to $7.3 million due primarily to a loss related to the fair value of contingent earnout shares[1][2][3]. Adjusted EBITDA reached a record $53.2 million, increasing 7.1% year over year[1][2][3].
Regarding expansion, Accel Entertainment commenced casino and racing operations at Fairmont Park Casino & Racing in April 2025, indicating a strategic move into racing operations[1][3]. This new venture at Fairmount Park is expected to substantially contribute to future growth, reflecting the companyβs active focus on expanding its footprint and diversifying its gaming offerings[1][3].
In a statement, CEO Andy Rubenstein mentioned that the company is opportunistic about acquisitions but is not looking to significantly leverage the company[5]. He also expressed interest in recent opportunities in Louisiana, working with Toucan Gaming, and expects to continue evaluating opportunities that are adjacent or involved with the markets the company is currently in[6].
U.S. Gaming and Interim Chief Financial Officer Mark Phelan expressed optimism about Fairmount Park's potential to produce dividends in the future[2]. He believes that the racing operations at Fairmount Park, which began in April 2024, will be a significant contributor in 2026[7].
In summary:
- Q2 2025 Revenue: $335.9 million (+8.6% YoY)
- Locations: 4,427 (+3.1% YoY)
- Gaming Terminals: 27,388 (+3.4% YoY)
- Net Income: $7.3 million (-50.2% YoY, impacted by contingent earnout share valuations)
- Adjusted EBITDA: $53.2 million (+7.1% YoY)
- Expansion: Launched casino and racing operations at Fairmount Park Casino & Racing (April 2025)
These figures show solid operational growth and a clear strategic push towards racing and casino operations to drive future expansion[1][2][3]. The company's focus remains on markets it is currently operating in, with a continued commitment to delivering quality gaming experiences to its customers.
[1] https://www.accel-entertainment.com/news/accel-entertainment-reports-record-second-quarter-2025-results [2] https://www.accel-entertainment.com/news/us-gaming-and-interim-cfo-mark-phelan-discusses-fairmount-park-contributions [3] https://www.accel-entertainment.com/about/financials [4] https://www.accel-entertainment.com/about/locations [5] https://www.crainscleveland.com/business/accel-entertainment-ceo-andy-rubenstein-discusses-companys-growth-strategy [6] https://www.casinonewsdaily.com/2025/07/01/accel-entertainment-eyes-louisiana-expansion-with-toucan-gaming/ [7] https://www.horseracingnation.com/news/fairmount-park-racing-set-to-contribute-significantly-to-accel-entertainment-in-2026/
- Accel Entertainment, having forayed into casino and racing operations at Fairmount Park Casino & Racing, is aspiring to expand its business in the casino-gaming sector and diversify its gaming offerings through strategic venture investments.
- The increasing focus on racing and casino-culture, as demonstrated by the Fairmount Park expansion, is a key component of Accel Entertainment's finance strategy to drive further growth in the gaming industry.
