Accel Leisure Completes Acquisition of Century Gaming

Home » Accel Leisure Completes Acquisition of Century Gaming

Accel Entertainment Completes Acquisition of Century GamingFinal 12 months, Accel Leisure made headlines saying they might purchase Century Gaming inc. In accordance with playing trade 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 price $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 offers 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 group, 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 necessary enhance in income. It is because the acquisition provides designs and manufacturing operations to Accel’s portfolio.

In accordance with 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 applications, i-Rewards and Gamblers Bonus.

Arntzen stated that they “discovered a great strategic accomplice” which can permit them to “speed up their progress 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 accomplice to information us into this engaging market and seize new progress”.

The acquisition of Century gaming was paid in money and inventory transactions price $140 million. Initially, each events thought the acquisition would shut by the top of 2021. Nevertheless, as a result of unexpected circumstances, the finalization was not performed till now.

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