Last year, Accel Entertainment made headlines announcing they would acquire Century Gaming inc. According to gambling industry news, this agreement would help Accel expand their operation into the Western U.S. market. After months of waiting, Accel Entertainment Completes their Acquisition of Century Gaming in a deal worth $164.2 million.
Accel Entertainment is a leading distributor of gambling consoles in the U.S. with their headquarter in Burr Ridge, IL. In addition, they hold several Terminal Operator licenses in Illinois, Georgia, Iowa Missouri, Nebraska and Pennsylvania.
The acquisition of Century Gaming gives Accel with over 8,300 gaming terminals in over 900 locations in Montana and Nevada. Century Gaming Technologies has been operating gaming machines across the states since the legalization of gambling in Montana in 1986. Furthermore, they are Montana’s largest route operator and only provider of a state certification for a Tier 1 reporting system.
As part of the deal, Century’s executive team, including CEO Steve Arntzen will continue to work with the company.
Accel Entertainment Completes Acquisition of Century Gaming for a Strategic Partnership
Despite still rebounding from the COVID-19 pandemic, completing this acquisition will provide Accel with an important boost in revenue. This is because the acquisition adds designs and manufacturing operations to Accel’s portfolio.
According to bookie software providers, Accel can now boast ownership of Grand Vision Gaming (GVG). This is in addition to also acquiring as part of the deal Century’s proprietary rewards programs, i-Rewards and Gamblers Bonus.
Arntzen said that they “found an ideal strategic partner” which will allow them to “accelerate their growth trajectory”.
With similar sentiments in mind, Andy Rubenstein, the CEO of Accel is also enthusiastic about the acquisition. He said they are “the perfect partner to guide us into this attractive market and capture new growth”.
The acquisition of Century gaming was paid in cash and stock transactions worth $140 million. Originally, both parties thought the acquisition would close by the end of 2021. However, due to unforeseen circumstances, the finalization was not done until now.
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