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Accel Entertainment's Harmer Sells ,145 in Stock with Share Transactions

In addition to the notable sale, Harmer was actively involved in several transactions related to the acquisition and disposal of shares. On December 14 and 16, he managed to acquire a combined total of 3,868 shares through the vesting of Restricted Stock Units (RSUs), and this was done without any cost. However, it's important to note that he also disposed of 1,135 shares during these same dates to fulfill his tax obligations. The transaction prices for these shares ranged from .41 to .77 per share, resulting in a total value of approximately ,145.

Harmer's Shareholding After Transactions

After these significant transactions, Harmer now holds 199,413 shares of Accel Entertainment. This showcases his continued interest and involvement in the company.

Accel Entertainment's Expansion Strategy

Accel Entertainment, a prominent distributed gaming operator, has been making remarkable strides in its expansion plans. The company recently completed the acquisition of a majority stake in two Louisiana-based gaming entities, Toucan Gaming and LSM Gaming, for a substantial million. This strategic move is anticipated to generate around million in revenue and million in Adjusted EBITDA by 2025. By acquiring these entities, Accel Entertainment is adding 13 truck stop locations that come with 450 gaming terminals and 60 locations each having three machines, totaling 180 terminals to its existing portfolio. This expansion is set to enhance its market presence and revenue generation capabilities.

Third-Quarter Results and Growth

Accel Entertainment reported steady growth in its third-quarter results for 2024. The revenue for this period reached 2 million, showing a year-over-year growth of 5.1%. Additionally, the adjusted EBITDA was million, with a growth of 3.9%. This performance clearly reflects the company's strategic initiatives in Illinois, which is its largest market, as well as its foray into new markets like Nebraska. These achievements highlight the company's ability to drive growth and create value.

Acquisition of Fairmont Park

Accel Entertainment is also making progress with the acquisition of Fairmont Park. This acquisition includes a sports betting license and plans for a casino. It aligns with the company's focus on organic growth in Illinois, Nebraska, and Georgia. Moreover, it opens up opportunities for exploring M&A (Merger and Acquisition) deals in the local gaming market. These recent developments demonstrate Accel Entertainment's unwavering commitment to growth and delivering value to its shareholders.

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