secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001698991-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Entertainment Q1 revenue $196.9M (+34% YoY); net income up 952% to $15.8M
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- Revenue $196.9M (+34% YoY), net income $15.8M (+952% YoY), adjusted EBITDA $35.2M (+37% YoY).
- Ended Q1 with 2,565 locations (+4% YoY) and 13,663 VGTs (+7% YoY); net debt $147M (-22% YoY).
- Repurchased $14M of Class A-1 common stock in Q1 2022.
- Acquisition of Century Gaming on track to close at end of May 2022.
- Illinois Gaming Board's 72-hour rule enforcement caused removal from 30 locations with 150 VGTs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000016/0001698991-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000016/acel-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001698991-22-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer