Accel Leisure Completes Acquisition of Century Gaming

Home » Accel Leisure Completes Acquisition of Century Gaming

Accel Entertainment Completes Acquisition of Century GamingFinal yr, Accel Leisure made headlines asserting they’d purchase Century Gaming inc. In response to playing business information, this settlement would assist Accel develop their operation into the Western U.S. market. After months of ready, Accel Leisure Completes their Acquisition of Century Gaming in a deal value $164.2 million.

Accel Leisure is a number one distributor of playing consoles within the U.S. with their headquarter in Burr Ridge, IL. As well as, they maintain a number of Terminal Operator licenses in Illinois, Georgia, Iowa Missouri, Nebraska and Pennsylvania.

The acquisition of Century Gaming provides Accel with over 8,300 gaming terminals in over 900 places in Montana and Nevada. Century Gaming Applied sciences has been working gaming machines throughout the states for the reason that legalization of playing in Montana in 1986. Moreover, they’re Montana’s largest route operator and solely supplier of a state certification for a Tier 1 reporting system.

As a part of the deal, Century’s government staff, together with CEO Steve Arntzen will proceed to work with the corporate.

Accel Leisure Completes Acquisition of Century Gaming for a Strategic Partnership

Regardless of nonetheless rebounding from the COVID-19 pandemic, finishing this acquisition will present Accel with an vital increase in income. It is because the acquisition provides designs and manufacturing operations to Accel’s portfolio.

In response to bookie software program suppliers, Accel can now boast possession of Grand Imaginative and prescient Gaming (GVG). That is along with additionally buying as a part of the deal Century’s proprietary rewards packages, i-Rewards and Gamblers Bonus.

Arntzen stated that they “discovered a perfect strategic associate” which can permit them to “speed up their development trajectory”.

With related sentiments in thoughts, Andy Rubenstein, the CEO of Accel can be enthusiastic in regards to the acquisition. He stated they’re “the right associate to information us into this enticing market and seize new development”.

The acquisition of Century gaming was paid in money and inventory transactions value $140 million. Initially, each events thought the acquisition would shut by the tip of 2021. Nevertheless, resulting from unexpected circumstances, the finalization was not performed till now.

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