Business Description

Who We Are We are a leading distributed gaming operator in the United States (“U.S.”), as well as a developer of brick-and-mortar casinos that serve local gaming markets and horse racing venues. We are a preferred partner for local business owners in the markets we serve. We offer turnkey, full-service gaming solutions to bars, restaurants, convenience stores, truck stops, and fraternal and veteran establishments across the country as well as casinos and horse racing venues. Our focus is providing unmatched customer support, guidance, and expertise so our location partners can grow their businesses with an additional revenue stream. We install, maintain, operate and service games of chance and games of skill, which we refer to as gaming terminals, and related equipment for our location partners as well as redemption devices that have automated teller machine (“ATM”) functionality and stand-alone ATMs. We offer amusement devices, including jukeboxes, dartboards, pool tables, and other entertainment related equipment. These operations provide a complementary source of lead generation for our gaming business by offering a “one-stop” source of additional equipment for our location partners. We also design and manufacture gaming terminals and related equipment. We are continuously evaluating additional opportunities that are complementary to our core business, such as our acquisition of Fairmount Park – Casino & Racing (“Fairmount”) in Collinsville, Illinois. In April 2025, the casino opened and the racing season began at Fairmount. Where We Operate State Year Operations Started or Year of Acquisition Branding Operations Illinois 2012 Accel Entertainment • Establishments with a liquor license (up to 6 gaming terminals) • Bars/restaurants/retail • Gaming cafes • Fraternal organizations • Veterans’ organizations • Truck stops (up to 6 gaming terminals) • Large truck stops (up to 10 gaming terminals) Illinois 2024 Fairmount Park – Casino & Racing • Operates a thoroughbred horse race track with 57 racing days planned for 2026 • Operates a casino with ~260 gaming positions • Revenue share agreement with FanDuel to operate a sportsbook • Offers attractive food and beverage offerings throughout the year Montana 2022 Century Gaming • Business locations licensed to sell alcoholic beverages for on-premises consumption only, including locations restricted to offering a maximum of 20 gaming terminals Montana 2022 Grand Vision Gaming • Designs and manufactures gaming terminals and software that are sold to Montana, South Dakota, and West Virginia • Develops proprietary gaming terminals and related software as well as other ancillary equipment for our distributed gaming routes in Montana, Nevada, Nebraska and Georgia 1 Table of Contents State Year Operations Started or Year of Acquisition Branding Operations Montana 2023 Yellowstone Casino and other local retail/parlor locations • Retail gaming locations licensed to sell alcoholic beverages and offering a maximum of 20 gaming terminals • Certain locations have attractive food offerings • Currently, we have five parlor locations Nevada 2022 Century Gaming • Non-casino locations where gaming is incidental to the primary business being conducted at the location, including: – Grocery/drug/convenience stores – Bars/restaurants/taverns – Liquor stores • Games are generally limited to 15 or fewer gaming terminals with no other forms of gaming activity permitted Nebraska 2022 Accel Entertainment • Operates cash devices in retail locations throughout the state • Retail establishments include any business locations that are open to the public for the sale of goods other than gaming terminals and that possesses a valid sales tax permit Georgia 2020 Bulldog Gaming • Operates skill-based coin-operated amusement machines with winnings paid by gift cards through redemption terminals or Bulldog Wallet or for noncash merchandise, prizes, toys, gift cards, or novelties Louisiana 2024 Toucan Gaming • Truck stop gaming parlors (up to 60 gaming terminals) • Establishments with a liquor license (up to 4 gaming terminals) – Bars/restaurants/retail – Fraternal organizations – Veterans’ organizations Iowa 2021 Accel Entertainment • Operates amusement concessions, including gaming terminals • Bars, taverns, and restaurants with a certain class of liquor license are permitted to operate up to four electrical or mechanical games of chance Pennsylvania 2023 Accel Entertainment • Licensed to operate at qualified…