Accel Entertainment: Chicago Gaming Could Unlock Significant Earnings Upside (Rating Upgrade)
Accel Entertainment received an upgrade following better-than-expected second-quarter results, with revenue up 10% year over year to $368 million and adjusted EBITDA up 11% to $59 million. The article notes that Chicago gaming terminals may begin operations in August, which could provide significant incremental earnings potential, supported by operational efficiencies, state expansion, a strong balance sheet, ongoing share buybacks, and above-sector median EBITDA growth.
Why it matters — ACEL watchers would care because the potential launch of Chicago gaming terminals in August could drive meaningful incremental earnings, adding to already-strong quarterly growth and a solid financial position.