Company Overview - Accel Entertainment appointed Brett Summerer as CFO, effective immediately, succeeding acting CFO Mark Phelan [5] - Summerer previously served as CFO for Verano, where he led a finance and IT team and managed over 20 M&A deals [2] - The company operates more than 27,000 regulated electronic gaming machines, including slot machines [4] Financial Strategy and M&A Focus - Accel is actively evaluating M&A opportunities for expansion in the local gaming industry, with a focus on disciplined and accretive transactions [3][8] - The company aims to execute a multipronged growth strategy targeting revenue, cash flow, and adjusted EBITDA growth [7] - Accel recently closed a $900 million senior secured credit facility to enhance liquidity and reduce capital costs, which includes $300 million in revolving credit and a $600 million term loan [8][9] Recent Financial Performance - For Q2 ended June 30, Accel reported record quarterly revenue of $335.9 million, an 8.6% increase year-over-year [10] - However, net income fell 50.2% year-over-year to $7.3 million, attributed partially to a loss on the change in the fair value of contingent earnout shares [10]