Added to YB: 2019-12-03
Pitch date: 2019-12-03
ACEL [bullish]
Accel Entertainment, Inc.
+3.48%
current return
Author Info
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Company Info
Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming and local entertainment operator in the United States.
Market Cap
$901.3M
Pitch Price
$10.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.20
P/E
25.98
EV/Sales
0.99
Sector
Hotels, Restaurants and Leisure
Category
growth
Accel Entertainment: SPAC, Distributed Gaming in IL
ACEL: Distributed gaming co. in IL, owns 10K+ VGTs (slot machines) in bars/truck stops. Asset-lite model, 50/50 rev share w/ locations. IL expanding gambling, increasing max bet to $4 & VGTs/location to 6. VGT tax rev surpassed casinos. Scale advantage in service & data. Trades ~9x EBITDA, ~10% FCF yield. Risks: counterparty credit, not ESG-friendly. Opportunities: Chicago expansion, M&A w/ regional casinos.
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