Accel Entertainment (ACEL) Acquires Fairmount Holdings
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Accel Entertainment to acquire Fairmount Holdings, owner of FanDuel Sportsbook & Horse Racing in Collinsville, Illinois, broadening Accel’s reach in the local gaming market
July 15, 2024 4:05 PM EDTTransaction extends Accels local gaming footprint with the purchase of the only active horse racing venue in greater St. Louis; includes an Organization Gaming License to offer casino gaming positions as well as a partnership with FanDuel to participate in sports wagering in Illinois
Purchasing Fairmount Holdings, Inc. and its subsidiary Fairmount Park, Inc. (collectively, Fairmount), the owner of FanDuel Sportsbook & Horse Racing, for 3.45 million ACEL shares (approximately $35 million consideration, based on a trailing 20-day average) from co-owners William Stiritz, former CEO of Post Holdings and Ralston Purina, and Robert Vitale,... More