Accel Entertainment, Inc. (ACEL) has been making waves in the world of casino stocks, with analysts touting it as the best option to buy in the industry. With a strong track record of growth and a solid business model, Accel Entertainment has proven to be a top contender in the competitive market.
Founded in 2012, Accel Entertainment has quickly risen through the ranks to become a leading provider of gaming services, equipment, and technology in the United States. The company operates over 12,000 gaming terminals in various locations, offering players a wide range of gaming options, including video poker, slots, and other popular casino games.
One of the key reasons why analysts are bullish on Accel Entertainment is its strong financial performance. The company has consistently delivered impressive revenue growth over the past few years, with revenue hitting a record high of $285 million in 2020. This growth has been driven by the company’s ability to expand its presence in new markets and attract a loyal customer base.
Additionally, Accel Entertainment has a proven track record of profitability, with the company reporting a net income of $35 million in 2020. This solid financial performance has given analysts confidence in the company’s ability to deliver strong returns for investors in the future.
In addition to its financial performance, Accel Entertainment is also well-positioned for future growth. The company has been actively expanding its presence in new markets, with a particular focus on online gaming and sports betting. This strategic approach has allowed Accel Entertainment to capitalize on the growing popularity of online gambling and position itself as a key player in the industry.
Furthermore, Accel Entertainment has a strong management team with a wealth of experience in the gaming industry. CEO Andy Rubenstein, who co-founded the company, has a proven track record of success and has been instrumental in driving Accel Entertainment’s growth and success.
Overall, with its strong financial performance, strategic growth initiatives, and experienced management team, Accel Entertainment is well-positioned to continue its upward trajectory in the world of casino stocks. Analysts are confident that the company is a strong buy for investors looking to capitalize on the growing popularity of online gaming and sports betting.