CHICAGO & CROWLEY, La.–(BUSINESS WIRE)–Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading locals-focused gaming operator partnering with small businesses, local communities, and state governments to provide entertaining, convenient, and safe gaming experiences nationwide, announced today that its subsidiary, Toucan Gaming, LLC (“Toucan”), acquired the assets of Rice Palace Inc. and South Louisiana Gaming Inc., the owner and operator of Rice Palace Truck Stop Casino, a premier video poker casino and truck stop business based in Crowley, Louisiana. The transaction is consistent with Accel’s long-term focus on disciplined growth and continued strategic, accretive investments in the state. Financial details were not disclosed.
Pursuant to the terms of the agreement, Toucan acquired the Rice Palace facility, adding 50 Video Gaming Devices (VGDs) to its expanding Louisiana route operations. Toucan and Accel plan to scale the location’s capacity to 60 VGDs in the near term, representing an approximate 8% increase in its VGD count compared to the 728 Louisiana route VGDs Accel reported as of March 31, 2026. Toucan and Accel will leverage their operational expertise, game and entertainment offerings, data analytics, and promotional systems to further customer entertainment and engagement, improve operational efficiencies, and drive growth over time.
“This accretive acquisition reflects our continued momentum in Louisiana and our confidence in the long-term growth potential of this market,” said Andy Rubenstein, Chief Executive Officer of Accel Entertainment. “Rice Palace has built a strong business grounded in local relationships, around-the-clock service, authentic local dining, and operational discipline, and we’re excited to welcome them to the Toucan Gaming family. Together, we look forward to investing in this location and delivering best-in-class gaming solutions to customers across southern Louisiana.”
Stan Guidroz, Chief Executive Officer of Toucan Gaming, added, “With this agreement, Toucan is strengthening its scale and route footprint in our home state of Louisiana. Combined with our existing operations, this acquisition supports our strategy of disciplined expansion focused on great entertainment, operational excellence, technology deployment, and new location development.”
About Accel
Accel Entertainment, Inc. (NYSE: ACEL) is a growing provider of locals-focused gaming and one of the largest terminal operators in the United States, supporting more than 28,000 electronic gaming terminals in over 4,500 third-party local and regional establishments and 20 self-operated gaming locations across ten states. Through exclusive long-term contracts, Accel serves licensed non-casino locations including bars, restaurants, convenience stores, truck stops, gaming cafes, and fraternal and veteran establishments. Accel also owns and operates a racino venue.
Accel provides its local partners with a turnkey, full-service, capital-efficient gaming solution that encompasses manufacturing, content, payments, loyalty, 24/7 customer service, data analysis and reporting, and cash logistics. The Company’s racino, Fairmount Park – Casino & Racing, opened in April 2025 and features approximately 260 electronic gaming machines, food and beverage amenities, a sports book, pari-mutuel betting, and approximately 57 racing days planned for 2026.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including, but not limited to, any statements regarding our estimates of number of gaming terminals, locations, revenues, and Adjusted EBITDA, our ability to continue to generate strong and consistent revenue and returns on capital and improve profitability, our strategy in Nevada and the market’s potential for growth. The words “predict,” “estimated,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would,” “continue,” and similar expressions or the negatives thereof are intended to identify forward-looking statements. These forward-looking statements represent our current reasonable expectations and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in the Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
Accordingly, forward-looking statements, including any projections or analysis, should not be viewed as factual and should not be relied upon as an accurate prediction of future results. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law. In addition, the inclusion of any statement in this press release does not constitute an admission by us that the events or circumstances described in such statement are material. We qualify all of our forward-looking statements by these cautionary statements.
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