Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 74

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 74
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 rate can vary from period to period depending on, among other factors, the amount of permanent tax adjustments and discrete items. The change in the fair value of the contingent earnout shares is considered a discrete item for tax purposes and can be the primary driver for the fluctuations in the tax rate year over year.

Key Business Metrics

We use statistical data and comparative information commonly used in the gaming industry to monitor the performance of the business, none of which are prepared in accordance with U.S. GAAP, and therefore should not be viewed as indicators of operational performance. Our management uses these key business metrics for financial planning, strategic planning and employee compensation decisions. The key business metrics include:

•Number of locations;

•Number of gaming terminals; and

•Location hold-per-day

We also periodically review and revise our key business metrics to reflect changes in our business.

Number of locations

The number of locations is based on a combination of third-party portal data and data from our internal systems. We utilize this metric to continually monitor growth from existing locations, organic openings, purchased locations, and competitor conversions. Competitor conversions occur when a location chooses to change terminal operators. 

The following table sets forth information with respect to our primary locations:

As of June 30,Increase / (Decrease)20252024ChangeChange (%)Illinois2,741 2,816 (75)(2.7)%Montana616 620 (4)(0.6)%Nevada355 359 (4)(1.1)%Louisiana98 — 98 N/ANebraska275 239 36 15.1 %Georgia342 260 82 31.5 %Total4,427 4,294 133 3.1 %

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Number of gaming terminals 

The number of gaming terminals in operation is based on a combination of third-party portal data and data from our internal systems. We utilize this metric to continually monitor growth from existing locations, organic openings, purchased locations, and competitor conversions.

The following table sets forth information with respect to the number of gaming terminals in our primary locations:

As of June 30,Increase / (Decrease)20252024ChangeChange (%)Illinois15,670 15,743 (73)(0.5)%Montana6,508 6,435 73 1.1 %Nevada2,650 2,735 (85)(3.1)%Louisiana626 — 626 N/