Shares of Accel Entertainment (ACEL) rose more than 2% against today’s sales trend following the strong fourth quarter results the company reported last night. In fact, net revenues for the period were up 44.6 year-on-year, driven by the June 2022 acquisition of Century Gaming, Inc. and strong 6% same-store sales growth in key market Illinois. % increased to $278.1 million. $2.6 million above consensus expectations. Adjusted earnings also increased by 27.8% as the company continues to do an excellent job of using resources more efficiently in the light of rising labor, parts and fuel costs facing the company. 23 cents per share. Penny better than expected.

More importantly, although ACEL avoided issuing specific guidance due to near-term macroeconomic uncertainty, the strong tailwinds that drove the outperformance through to the end of 2022 have so far been weaker this year. said to continue. In my view, this is expected to further benefit from the continued investment that bars, restaurants, convenience stores, truck stops and other licensed non-casino establishments are making to improve their games. It reflects the strength and resilience of ACEL’s regionally focused business model. Also, more and more players are opting for the company’s local, high-quality services over traditional casinos because of its convenience and attractiveness. Combine this with ACEL’s continued efforts to expand its reach into additional markets outside of Illinois, and the company added yet another in Montana in the most recent quarter, with 26 gaming locations and nearly 300 gaming terminals. Acquired a game operator. It will be strong enough to continue the fantastic momentum the stock has enjoyed recently.


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