Accel Entertainment completes $164.2m deal to acquire Century Gaming
Accel Entertainment has completed its $164.2m acquisition of Century Gaming, significantly expanding the group’s US footprint.
As Accel continues to rebound from Covid-19, as evidenced by its recent Q1 results, the acquisition of Century Gaming will likely give the video gaming terminal operator a much-needed boost.
Altogether, Century brings to Accel more than 8,300 gaming terminals and over 900 licensed locations across Montana and Nevada, including bars, taverns, truck stops and convenience store groups.
What’s more, the acquisition adds design and manufacturing operations to Accel’s portfolio, through Grand Vision Gaming (GVG) as well as Century’s proprietary rewards programmes, i-Rewards and Gamblers Bonus.
Century’s executive team, which includes CEO Steve Arntzen, CFO Heidi Schmalz and GVG Managing Director Merle Frank, will continue to lead the company “through its next chapter as part of the Accel family.”
“In Accel, we have found an ideal strategic partner and together we are uniquely positioned to accelerate our growth trajectory as we deliver the latest technological advancements to the gaming market,” said Arntzen.
“I am proud to continue to lead our dynamic team and build upon our strong momentum under the Accel banner as we provide our operators and players with attractive locations, the highest-quality products and world class support for which we are known.”
Accel CEO Andy Rubenstein expressed similar enthusiasm for the acquisition, remarking: “We could not be more excited to further expand our operations in the Western United States with the Century team.
“We are confident that Century’s leadership team of Steve, Heidi and Merle, is the perfect partner to guide us into this attractive market and capture new growth.”