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Accel Entertainment, Inc. (鈥淎ccel鈥 or the 鈥淐ompany鈥), a leading All investor materials, including a copy of the investor presentation, can be.


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On November 20, , the transaction closed and Accel (NYSE:ACEL) became the only publicly traded For more information, visit amarant-ural.ru


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Today's call is being recorded and will be available on our website under Events and Presentations within the Investor Relations section of our.


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Today's call is being recorded and will be available on our website under Events and Presentations within the Investor Relations section of our.


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There are no events scheduled. Featured Presentation. Thumbnails Document Outline Attachments. Previous Page. Next Page. Highlight all. Match case.


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Accel Entertainment Appoints Dee Robinson to its Board of Directors 路 Download PDF format download (opens in new window). 06/16/


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This was a monumental logistical achievement, and I'm extremely proud of our team for their ability to execute on such short notice. Last week, Governor Pritzker announced a regional and phased-based reopening plan for Illinois. We want to make sure there's a safe environment for them to work in. Should we be expecting further delays in opening, or have you had any sense for how many might close permanently? I'm confident that Accel will continue to provide the same great customer service we've been known for. Actual results may differ materially from those discussed today, and the company undertakes no obligation to update these statements unless required by law. And how do you kind of assess those costs, whether it's on your end or the restaurant owner's end? And then one other follow-up. Your line is open. Just wanted to get a little more color on the location commentary. This included furloughing the vast majority of our employees. And the amount of collaboration that needs to occur to get video gaming legislation passed is significant, and it doesn't happen overnight.

Accel Entertainment, Inc. Thank you. For reconciliations of the non-GAAP measures, accel entertainment investor relations well as other information regarding accel entertainment investor relations measures, please refer to our earnings release and other materials in the Investor Relations section of our website.

Participating on the call today are Andy Rubenstein, Accel's chief executive officer; and Brian Carroll, Accel's chief financial officer. Makes sense. So there is that indication that people are still wanting VGTs, and there will be that opportunity.

I will now turn the call over to Mr. Thank you, Mat. During the call, we may discuss certain non-GAAP financial measures. It was just on any incremental thoughts around new business win potential as maybe some of these restaurants and bars may plan to add VGT to improve their cash flow in accel entertainment investor relations recovery, especially where fewer customers come through the door.

I think the bigger opportunity that we'll see is where locations that fail or don't reopen, whether accel entertainment investor relations our portfolio or other people's portfolio, will be identified as good opportunities for other entrepreneurs to go open up that place.

There are a lot of locations that are taking richest bookmakers time to do remodeling, to redo their floors, and they may not be prepared to open up right out of the gate.

Please refer to our website for the press release and supplemental information that will be discussed on this call. For a more detailed discussion of these and other risk factors, investors should review the forward-looking statements section of the earnings press release available on our website, as well accel entertainment investor relations other https://amarant-ural.ru/blackjack/bleacher-report-week-4-predictions.html factor disclosures in our filings with the SEC.

So I don't see it happening right away.

First, if we think about the general weakening, I guess, of state budgets across the nation as a result of the pandemic, do you see this as a potential reason for accelerating the legalization of video gaming terminals in new states? Ironically, we have signed up locations during this time period and have a few of them where we've actually submitted their application to the gaming board. And then also, is there any color that you're getting from interest from other restaurant bars that may be planning on adding VGTs to improve cash flow of their business in a recovery scenario where fewer customers come through the door? Back to you, Andy. We do believe that there will be additional locations that will not open for one reason or another. Caller, please state your first and last name and your company. Remind me the second part of your question. At the end of March, our average residual contract length is approximately seven years. During this shutdown, new software and higher-bet limits have been remotely installed in almost half of our machines. Good morning, everyone. It actually hurt us in the state of Virginia when legislation was moving in the right direction and the governor decided to take a different direction because of COVID But I do think the opportunity will be there. If they don't have enough time, they need to reorder supplies and such. Are there any steps to increase hygiene or the safe use of the machines once restaurants reopen? I think they'll participate in helping us execute on that program. So we think we'll benefit somewhat from that situation as these new owners take over establishments, especially the ones that aren't ours. I don't think it will be a significant wave of demand. So if they're getting those subsidies, they're going to continue taking that subsidy until the latest possible date for them to make a decision. This is Stephen Grambling from Goldman Sachs. Thanks for taking my questions, and I hope you're staying safe in these tough times. Please go ahead. And as we've indicated in the past, we are able to win a disproportionate amount of new locations or new organic locations. We were able to collect and secure field cash within 72 hours with a vast majority collected within the first two days. But with that said, I think the ability to get legislation passed in this environment will be slightly easier or people will be more willing to consider it. I don't think it will happen in the very near future. The majority of this capex was associated with purchases of new equipment for the sixth machine rollout. And on March 20, Illinois Governor Pritzker announced a stay-at-home order that has been subsequently extended to May As soon as terminals were shut down, we immediately began collecting all field cash on an expedited basis. We are waiting for more information on how and when each region will progress through the phases and its effect on the relaunch of video gaming. Good morning, guys. Thank you, Andy. So it's not really that disproportionate from the normal operation. As I've spoken in the past about the challenges related to passing legislation related to video gaming, that will continue to exist. We've been working with our partners to make sure they are aware of, and in many cases, helping them apply for all federal, state and local government assistance programs, such as the Paycheck Protection Program contained within the Federal CARES Act. We don't see legislation moving in this session in states that we thought had a good opportunity. We are in full compliance with all of our bank covenants. Thank you for joining us for Accel's first-quarter earnings call during these unprecedented times. We had a very busy first quarter prior to the shutdown with large-scale rollout of the six VGT beginning in mid-January. The combination of our strong balance sheet and our asset-light business model means that we are well-positioned to successfully maintain our leadership position in the industry. We have also purchased a significant amount of masks for our own employees because, obviously, they're out in the field. As a company, we've made a significant investment in buying sanitizing products, whether it's the actual -- like hand sanitizer or sprays to help keep our employees clean, as well as when our employees go out to the establishments. I think it will have to be down the road in other legislative sessions because most of the focus today is on the, like, absolute immediate needs of each state. So we really don't have a great grasp on how many won't reopen. And on a stand-alone basis, excluding Grand River, our residual contract length is approximately 7. As a reminder, on March 16, the Illinois Gaming Board shut downed all video gaming terminals across the state of Illinois. We have also been in frequent contact with our location partners to assist them during these surreal times. And then there's other ones that are going to have a transition time where they've got to bring employees back. But we believe that it's probably the responsibility of each establishment owner to provide those types of protections for their employees as they're conscious and they're more aware of the safety needs in their given establishment. Today's call is being recorded and will be available on our website under Events and Presentations within the Investor Relations section of our website. With our video gaming machines shut down and all nonessential business in Illinois temporarily suspended, we made the decision to significantly reduce our monthly cash expenses. We also conducted a survey of our location partners, of which responded. We are ready to resume normal operations as soon as the government states that is safe to do so. Thank you, Brian. We believe that the gaming board is going to give us direction on what their expectation is for keeping the equipment clean and safe because the establishments have an obligation to provide an atmosphere of safety for their customers. And to give you an idea, on an annual basis, there's about of our locations that discontinue gaming. We continue to install the six machines up until the stay-at-home order went into effect and have installed more than today. I think you see some of that. Some of the comments in today's call may constitute forward-looking statements within the meaning of the Private Securities Reform Act of These forward-looking statements are subject to risks and uncertainties and the current health concerns. We are in the process of upgrading Grand River's equipment in operation and will continue once operations resume and expect these improvements will increase the hold per day of these locations. These are challenging times, but I've been extremely proud of how the Accel team has responded to the current environment. You have to remember a lot of these locations are taking advantage of government subsidies during this time period. Accel is extremely well-positioned to weather this crisis, and we fully expect to reopen as strong as ever. With that, I'm going to turn it over to Brian Carroll, our CFO, to walk you through the first-quarter results in more detail, and then we will open it up for questions. I do think that it will get larger consideration as we move forward. Ladies and gentlemen, thank you for standing by, and welcome to the Accel Entertainment Q1 earnings call. Andy Rubenstein. We'll win them over from our competitors. Accel had normal operations for the first 76 days of the first quarter with strong operational and financial performance prior to the shutdown. They're in establishments. Those others, some of them will not open, but most of them, we have delayed opening due to time needed for preparations. Welcome to Accel Entertainment's first-quarter earnings call.