Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 75

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 75
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ANebraska975 844 131 15.5 %Georgia959 724 235 32.5 %Total27,388 26,481 907 3.4 %

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 six months ended:

Three Months EndedJune 30,Increase / (Decrease)20252024Change ($)Change (%)Illinois$910 $862 $48 5.6 %Montana622 612 10 1.6 %Nevada784 843 (59)(7.0)%Louisiana994 — 994 N/ANebraska285 255 30 11.8 %Georgia149 111 38 34.2 %

Six Months EndedJune 30,Increase / (Decrease)20252024Change ($)Change (%)Illinois$896 $861 $35 4.1 %Montana616 601 15 2.5 %Nevada792 845 (53)(6.3)%Louisiana978 — 978 N/ANebraska271 243 28 11.5 %Georgia146 107 39 36.4 %

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Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted net income are non-GAAP financial measures, but are key metrics management uses to monitor ongoing core operations. Adjusted EBITDA and Adjusted net income exclude the effects of certain non-cash items or represent certain nonrecurring items that are unrelated to core performance. Management believes these non-GAAP financial measures enhance the understanding of our underlying drivers of profitability, trends in our business, and facilitate company-to-company and period-to-period comparisons. Management also believes that these non-GAAP financial measures are used by investors, analysts and other interested parties as measures of financial performance and to evaluate our ability to fund capital expenditures, service debt obligations and meet working capital requirements. 

Adjusted net income is defined as net income plus