Company: ACEL
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001698991-25-000051
Chunk: 79

Company: Accel Entertainment, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 79
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 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 September 30,Increase / (Decrease)20252024ChangeChange (%)Illinois2,728 2,791 (63)(2.3)%Montana625 615 10 1.6 %Nevada370 356 14 3.9 %Louisiana96 — 96 N/ANebraska276 252 24 9.5 %Georgia356 275 81 29.5 %Total4,451 4,289 162 3.8 %

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 September 30,Increase / (Decrease)20252024ChangeChange (%)Illinois15,641 15,714 (73)(0.5)%Montana6,628 6,448 180 2.8 %Nevada2,757 2,685 72 2.7 %Louisiana670 — 670 N/ANebraska991 882 109 12.4 %Georgia1,027 780 247 31.7 %Total27,714 26,509 1,205 4.5 %

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Location hold-per-day 

Location hold-per-day is calculated by dividing net gaming revenue in the period by the average number of locations. Then divide the calculated amount by the number of operational days. We utilize this metric to compare market and location performance on a normalized basis. The percent change in location hold-per-day is the underlying metric we use to determine the change in same-store sales.

The following tables set forth information with respect to our location hold-per-day in our primary locations for the three and nine months ended:

Three Months EndedSeptember 30,Increase / (Decrease)20252024Change ($)Change (%)Illinois$876 $839 $37 4.4 %Montana621 613 8 1.3