Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a main circulated gaming administrator in the U.S., today reported the fruition of its recently declared exchange to secure Century Gaming, Inc. (“Century”), one of the main disseminated gaming administrators in the Western United States, for $164.2 million in real money and stock, including Century’s functioning capital.
“We were unable to be more eager to additionally grow our tasks in the Western United States with the Century group. We are sure that Century’s administration group of Steve, Heidi, and Merle, is the ideal accomplice to direct us into this appealing business sector and catch new development,” said Accel CEO Andy Rubenstein. “Together we anticipate keep looking for imaginative chances to grow our hyper-nearby plan of action into new business sectors the nation over.”
Century brings to Accel in excess of 8,300 gaming terminals and more than 900 authorized areas across Montana and Nevada, including bars Rockstar Games may be working on two new Red Dead Redemption, bars, truck stops and odds and ends shop bunches in the two business sectors. With the end of this exchange Accel additionally adds plan and assembling activities to its portfolio through Grand Vision Gaming (“GVG”) as well as Century’s restrictive “I-Rewards” and “Players Bonus” rewards programs.
Century’s chief group, including CEO Steve Arntzen, CFO Heidi Schmalz and GVG Managing Director Merle Frank, will keep on driving Century through its next section as a feature of the Accel family.
Steve Arntzen, CEO of Century remarked, “In Accel, we have found an ideal vital accomplice and together we are remarkably situated to accelerate our development direction as we convey the furthest down the line mechanical headways to the gaming market. I’m pleased to keep on driving our dynamic group and expand upon areas of strength for us under the Accel pennant as we furnish our administrators and players with alluring areas, the greatest items and top notch help for which we are known.”
About Accel
Accel is a main circulated gaming administrator in the United States on an Adjusted EBITDA premise, and a favored accomplice for neighborhood entrepreneurs in the Illinois market. Accel’s business comprises of the establishment, upkeep and activity of VGTs, recovery gadgets that dispense rewards and contain ATM usefulness, and other entertainment gadgets in approved non-club areas, for example, eateries, bars, bars, odds and ends shops, alcohol stores, truck stops, and supermarkets.
About Century Gaming
Century has a 60 or more year history in circulated gaming, and at present administrations north of 900 authorized clients in Montana and Nevada, including many driving bars, bars, truck stops and odds and ends shop administrators. Through the establishment cutting edge advancements, Century keeps on driving the way in player-driven gaming development.
Preventative Note Regarding Forward-Looking Statements
This official statement might incorporate “forward-looking proclamations” inside the importance of Section 27A of the Securities Act of 1933, as revised, and Section 21E of the Securities Exchange Act of 1934, as altered. All assertions other than proclamations of authentic reality remembered for this official statement are forward-looking explanations. At the point when utilized in this public statement, words, for example, “expect,” “will,” “accept,” “gauge,” “anticipate,” “mean,” “target,” “plan,” “viewpoint,” “expansion,” “look forward, “look for,” “proceed” and comparable articulations and negatives thereof, as they connect with us, our supervisory group, Century or the pondered exchange or its expected impacts or advantages, are planned to recognize forward-looking proclamations. Be that as it may, not all forward-looking proclamations contain these recognizing words. Such forward-looking articulations depend on current sensible assumptions and convictions of the board, as well as suppositions made by, and data at present accessible to, Accel’s administration in regards to Century, the examined exchange or its expected impacts or advantages. Forward-looking proclamations imply known and obscure dangers, vulnerabilities and different elements that might cause genuine outcomes execution and accomplishments, or industry results, to vary physically from those pondered by the forward-looking explanations because of specific variables definite in Accel’s filings with the Securities and Exchange Commission (“SEC”).
Expected impacts or advantages from the considered exchange may not conclusively happen, including anticipated incomes; compelling mix of Century’s activities, foundations and terminals with our own; joining of new innovation to our own portfolio; and, combination of player rewards programs into our own framework or extension of those prizes programs in different US markets. We can’t ensure the precision of the forward-looking proclamations, and you ought to know that outcomes and occasions could vary really and unfavorably from those contained in the forward-looking explanations because of various variables including, however not restricted to the current and possible future unfriendly effect of the COVID-19 pandemic on Century’s business, tasks and monetary condition, including because of any suspension of gaming activities in Nevada or Montana; our capacity to extend actually into Nevada and Montana; our capacity to oversee development successfully; our capacity to offer new and imaginative items and administrations that satisfy the requirements of Century’s foundation accomplices and make solid and supported player bid; Century’s reliance on associations with key producers, designers and outsiders; the adverse consequence on Century’s future aftereffects of tasks by the sluggish development popular for gaming terminals and by sluggish development of gaming in Nevada and Montana; Century’s weighty reliance on its capacity to win, keep up with and restore contracts with authorized foundation accomplices; troublesome financial circumstances or diminished optional spending because of different factors, for example, scourges or other general medical problems (counting COVID-19), fear based oppressor movement or danger thereof, thoughtful distress or other monetary or political vulnerabilities, that could antagonistically influence Accel’s or alternately Century’s business, consequences of tasks, incomes and monetary circumstances and different dangers and vulnerabilities.
