US gaming machine operator Accel Entertainment has announced certain financial and operating results for the third quarter ended September 30, revealing a location increase of five per cent.
The company ended Q3 2023 with 3,687 locations. It also ended the quarter with 24,016 gaming terminals, an increase of seven per cent compared to Q3 2022. Revenue of $287.5m was an increase of eight per cent.
Net income of $10.5m was a decrease of 53 per cent, primarily attributable to the $1.6m loss on the change in fair value of the contingent earnout shares in Q3 2023 compared to the $10.4m gain in 2022. Accel CEO
Andy Rubenstein commented: “We are pleased to deliver another strong quarter. Our consistent growth in the face of uncertain economic times is a testament to the resilience of our business model.
“We continue to evaluate opportunities to further expand our reach outside of Illinois and solidify our position as a national leader in distributed gaming. We believe that our strong balance sheet and locally focused business model offer one of the best returns in gaming.”