Accel Entertainment Acquires Fairmount Holdings (FanDuel Sportsbook & Racetrack)
December 2, 2024
Accel Entertainment, Inc. acquired Fairmount Holdings, owner of the FanDuel Sportsbook & Racetrack in Collinsville, Illinois, for approximately 3.45 million shares of Accel Class A-1 common stock. The deal adds a single-site racetrack, three OTB locations, a master sports betting license (in partnership with FanDuel) and a legislatively authorized casino development opportunity to expand Accel's locals gaming footprint.
- Buyers
- Accel Entertainment, Inc.
- Targets
- Fairmount Holdings, Inc. (Fairmount Park / FanDuel Sportsbook & Racetrack)
- Sellers
- William Stiritz, Robert Vitale
- Industry
- Consumer Products
- Location
- Illinois, United States
- Transaction Type
- Buyout
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