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Steve Bezella

Research Analyst at Deutsche Bank Ag\

Steve Bezella is an Analyst at Deutsche Bank, focusing on equity research within the financial sector, with coverage that has included companies such as Accel Entertainment. His track record shows engagement in earnings calls, notably submitting questions to corporate management to inform investment analysis, although publicly reported performance metrics and analyst rankings are limited. Bezella's professional history primarily features his current analyst role at Deutsche Bank, and detailed prior experience or career milestones before joining the firm are not widely documented. Information regarding FINRA registration, securities licenses, or specific professional recognitions is not available from public sources.

Steve Bezella's questions to Accel Entertainment (ACEL) leadership

Question · Q2 2025

Steve Bezella from Deutsche Bank asked about the expected earnings impact from the recent rollout of Ticket-In, Ticket-Out (TITO) technology in Illinois. He also questioned the underlying growth in the Nevada market, excluding the impact of a lost key customer.

Answer

CEO Andrew Rubenstein explained that it is too early to quantify the impact of TITO, as the rollout is only in its second week. He anticipates it will improve player experience, reduce cash handling, and slightly lower operating costs, with more details to be provided after Q3. Regarding Nevada, Mark Phelan, President of U.S. Gaming & Interim CFO, stated that excluding the one-time customer loss, the market actually grew slightly year-over-year. He noted the team has successfully improved margins by focusing on higher-value locations.

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