Accel Entertainment (ACEL) in Clark Street Value 2021 Q4

Strategic Buybacks and Growth in Gaming Operations

Jul 09, 2025

Summary

Focus on slot machines without the capital expenditure burden of casinos.
Announced a $200 million buyback on a $1.2 billion market cap.
Risks include acquisition delays and regulatory challenges.
Potential growth from wage inflation and legalization of VGTs in new states.

Accel Entertainment (ACEL, Financial) was featured in the Clark Street Value 2021 Q4 letter as a promising investment in the gaming sector. The company's strategic buyback and focus on slot machines position it well for future growth, despite some acquisition delays.

"Accel Entertainment is the best part of regional casinos, the slot machines without the worst part, all the capex and lease payments... the shares seem pretty cheap to me." — Clark Street Value, 2021 Q4 Fund Letter

Read full letter at gurufocus Clark Street Value 2021 Q4 page.

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