secwatch.observer — SEC 8-K summary
======================================

Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001698991-23-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Entertainment Q2 revenue $292.6M (+28% YoY), net income $10.0M (-56% YoY)
-------------------------------------------------------------------------------

- Revenue of $292.6M, up 28% YoY; net income of $10.0M, down 56% YoY due to $4.8M loss on contingent earnout shares.
- Adjusted EBITDA of $46.6M, up 9% YoY from Century acquisition and 0.4% same-store sales growth in Illinois.
- Ended Q2 with 3,655 locations (+5% YoY) and 23,759 gaming terminals (+7% YoY).
- Repurchased ~$8M of Class A-1 common stock in Q2.
- Reached $1.1M settlement with Illinois Gaming Board, included in Q2 results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899123000038/0001698991-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899123000038/acel-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001698991-23-000038

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