Summary:
- Accel Entertainment’s second quarter revenue reached a record of $335.9 million, marking an 8.6% YoY increase.
- CEO Andy Rubenstein says acquisitions will remain selective and strategic.
- Fairmount Park racetrack shows early promise, with strong 2026 expectations.
Popular U.S. gaming company that specializes in gaming and entertainment services, Accel Entertainment, has published its strongest quarter yet.
The provider of slots, redemption terminals, and amusements to local bars, restaurants, convenience stores, and truck stops brought in $335.9 million in revenue for Q2 2025, signaling a 8.6% rise from the same period last year.
Big Acquisitions, Off the Table
Despite the record numbers, chief executive officer Andy Rubenstein told investors that big expansion moves, like the purchase of Fairmont Park in Collinsville, Illinois, are not currently up for discussion.
We’re always opportunistic on acquisitions, but I would tell you, consistent with our history, we’re not looking to lever up the company in any extreme way. We’ve always played it relatively conservatively. We have plenty of availability and our credit facility, we’re about to refresh that. And obviously the company generates significant cash flow.
Rubenstein went on to explain that they will be assessing “opportunities to best deploy” the fresh cash flow while staying “consistent” and keeping an eye out for adjacent opportunities in those markets that they are currently involved in.
Positive Indicators
Accel’s 2025 Q2 report show by the end of the quarter, Accel had 4,427 locations in total, a number that is up 3.1% compared to last year, along with 27,388 gaming terminals, up 3.4% from 2024.
Net income came in at $7.3 million, down 50.2% from last year, mostly because of a loss on the change in the fair value of contingent earnout shares, compared with a gain in the same quarter of 2024.
Adjusted EBITDA also set a new high at $53.2 million, marking a 7.1% increase from Q2 2024.
The Fairmount Park racetrack started its operations in April 2025, and executives are still optimistic that the investment will pay off in the upcoming years.
“Some (expectations) have to do with casino, racing, the sportsbook, and then food and beverage” said U.S. Gaming and Interim Chief Financial Officer Mark Phelan.
Phelan also spoke about the positive indicators for all four sectors that matched their “internal expectations” and expressed excitement regarding the asset.
It’s still very early days, the 13th week. I think we commented that we think it’s going to be a significant contributor in ‘26 and we still feel pretty confident about that.
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