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Stock impact report

Accel Entertainment Evaluates Chicago Market Opportunities Following City’s VGT Announcement

Accel Entertainment, Inc. (ACEL) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Accel Entertainment, (NYSE: ACEL) (“Accel” or “the Company”), a leading locals-focused gaming operator partnering with small businesses, local communities, and state governments to provide entertaining, convenient, and safe gaming experiences nationwide, is evaluating the potential to bring its distributed gaming and local entertainment model to the city of Chicago following recent public announcements regarding the possible introduction of Video Gaming Terminals (“VGTs”) in licensed locations.The City Council Office of Financial Analysis (the “COFA”) has estimated that the proposed framework for VGTs could generate approximately $64 million in incremental annual tax revenue for the City of Chicago. Based on existing legislative revenue splits, and further stated in the COFA’s analysis, these estimates suggest a total annual Chicago VGT gross gaming revenue (“GGR”) of $1B incremental to the existing $3B generated in the rest of the state, once fully imple Show less Read more
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