CHICAGO--(BUSINESS WIRE)--Accel Entertainment, Inc. (“Accel” or the “Company”), a leading gaming-as-a-service provider, is pleased to announce that Accel has successfully completed its previously announced acquisition of Grand River Jackpot, LLC (“Grand River Jackpot”), one of the first licensed video game terminal operators in Illinois, for approximately $100 million in cash.
As announced on August 29, 2019 the acquisition of Grand River adds 1,893 video game terminals in 451 locations, with an expected growth rate of 10% by 2021. It accelerates near-term growth opportunities, including the addition of over 100 6th machine VGTs in existing high-performance locations and an increase in the current signed backlog, which is estimated to add 30 additional locations over the next two years.
Accel is the largest terminal operator of slot machines and amusement equipment in the Illinois video gaming market. Starting in October 2012, Accel has been dedicated to providing top of the line care and service to nearly 1,800 locations and customers across the state.
About Grand River Jackpot
Grand River Jackpot, and its affiliates, supply and service video gaming terminals, jukeboxes, pool tables, dart machines and ATMs. Grand River Jackpot was among the first licensed terminal operators possessing years of amusement, casino and gaming experience throughout Illinois and Iowa. Grand River’s gaming professionals and its marketing and executive teams give the company’s clients a powerhouse of know-how, and are ready to help grow their businesses.