CHICAGO & LAS VEGAS–(BUSINESS WIRE)–Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced further expansion into new geographical markets by entering into an agreement to acquire Century Gaming, Inc. (“Century”), one of the leading distributed gaming operators in the Western United States, in a cash and stock transaction valued at $140 million. Each company’s Board of Directors unanimously approved the transaction which is expected to close by the end of 2021, subject to the satisfaction of customary closing conditions, including regulatory approvals from applicable gaming authorities. The transaction is expected to be funded through a combination of Accel’s cash on hand, borrowing under its existing credit facility and Accel stock.
