Accel Entertainment to Fairmount Holdings for almost $35m

Accel Entertainment has signed a deal to acquire Fairmount Holdings and its Fairmount Park subsidiary for close to $35m. Fairmount is the owner of FanDuel Sportsbook & Horse Racing in Collinsville, Illinois.

Accel said this agreement “adds a promising single-site racetrack and future casino to extend Accel’s convenience gaming expertise to a larger and more concentrated venue.” The company aims to extend its footprint within the local gaming market through this sale.

Accel Co-Founder, President, CEO and Director Andy Rubenstein commented, “As a leading distributed gaming operator in the United States, we are excited to partner with ‘Hall of Fame’ value creators Bill Stiritz and Rob Vitale to deploy our local gaming expertise in this promising sportsbook, racetrack and future casino.

“We’re also deeply grateful to Mayor Jeff Stehman of Collinsville, state representatives Jay Hoffman and Katie Stuart, state senator Chris Belt, the Illinois Gaming Board and the Illinois Racing Board for their support of this opportunity to reinvest and support job creation in the southern Illinois and greater St. Louis community. We are excited to be a part of an almost 100-year-old southern Illinois institution in Fairmount Park and support the Illinois agriculture and equine industries.”

City Mayor Jeff Stehman shared his excitement for the potential economic benefits that could come from the purchase.

He said in closing, “I am delighted by Accel Entertainment’s purchase of FanDuel Sportsbook & Horse Racing. This move is a testament to the vitality and potential of Collinsville. It will undoubtedly spur economic development along the Collinsville road corridor, creating jobs and bolstering our local economy.

“We look forward to the positive impact this acquisition will have on our city.”

Laura Mack

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