---
schema_version: "secwatch.filing_event.v1"
accession: "0001698991-24-000031"
form_type: "8-K"
ticker: "ACEL"
cik: "0001698991"
company_name: "Accel Entertainment, Inc."
filed_at: "2024-07-15T23:59:59+00:00"
generated_at: "2026-05-31T20:43:07.444643+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Accel acquires FanDuel Sportsbook owner Fairmount for ~$35M in stock; plans $85-95M casino build

## Summary
- Consideration: 3.45M ACEL shares (approx. $35M) to acquire Fairmount, owner of FanDuel Sportsbook & Horse Racing in Collinsville, IL.
- Fairmount generated $29M revenue in 2023 with modest Adj. EBITDA; Accel expects $20-25M Adj. EBITDA potential within 5 years.
- Accel plans $85-95M capex for temporary and permanent casino facilities and track improvements.
- Transaction unanimously approved by both boards; expected close by end of 2024, subject to gaming regulatory approvals.
- Accel engaged RRC Gaming Management (ex-Caesars CEO Tony Rodio) for casino development/operations.

## SEC filing metadata
- accession: 0001698991-24-000031
- form_type: 8-K
- ticker: ACEL
- cik: 0001698991
- company_name: Accel Entertainment, Inc.
- filed_at: 2024-07-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698991/000169899124000031/0001698991-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698991/000169899124000031/acel-20240715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698991-24-000031
- JSON: https://secwatch.observer/filing/0001698991-24-000031.json
- Plain text: https://secwatch.observer/filing/0001698991-24-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.