Greg Kibis's questions to Accel Entertainment (ACEL) leadership • Q2 2025
Question
Greg Kibis of Northland Securities, Inc. inquired about the performance of the Fairmont Park casino relative to initial expectations and sought an update on the timeline for Phase Two. He also asked for the specific timing of the key customer loss in Nevada for year-over-year comparison purposes.
Answer
Mark Phelan, President of U.S. Gaming & Interim CFO, responded that while specific segment data is not disclosed, Fairmont Park is showing positive indicators across all its business lines (casino, racing, sports book, F&B) that align with internal expectations, reinforcing confidence in its 2026 contribution. He stated that Phase Two timing is still being determined as they thoughtfully study guest flow on the large campus, with current CapEx allocated to design. He confirmed the Nevada customer loss occurred at the end of Q3 2024.