Accel Entertainment acquires Century Gaming
Century Gaming executives will continue to serve under the Accel name.
US gaming operator Accel Entertainment, Inc. has closed its previously announced transaction to acquire Century Gaming, Inc. The company purchased Century for a total of $164.2m in cash and stock, including working capital.
The transaction brings with it more than 900 licensed locations across Montana and Nevada and more than 8,300 gaming terminals. Closing the deal also enhances Accel’s portfolio by adding design and manufacturing operations through Century’s i-Rewards and Gamblers Bonus programs, as well as through Grand Vision Gaming (GVG).
Century CEO Steve Arntzen will continue to lead the executive team already in place now that the deal is complete. Other company executives transitioning to Accel include CFO Heidi Schmalz and GVG Managing Director Merle Frank.
Arntzen commented: “In Accel, we have found an ideal strategic partner and together we are uniquely positioned to accelerate our growth trajectory as we deliver the latest technological advancements to the gaming market.
“I am proud to continue to lead our dynamic team and build upon our strong momentum under the Accel banner as we provide our operators and players with attractive locations, the highest-quality products and world class support for which we are known.”
Accel CEO Andy Rubenstein said the company is pleased to welcome Century’s leadership team and is hopeful the collaboration will foster continued growth.
He commented: “We could not be more excited to further expand our operations in the Western United States with the Century team. We are confident that Century’s leadership team of Steve, Heidi, and Merle, is the perfect partner to guide us into this attractive market and capture new growth.
“Together we look forward to continue seeking innovative opportunities to expand our hyper-local business model into new markets across the country.”
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