DekaBank Deutsche Girozentrale invests $324,000 in Accel Entertainment,

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Accel Entertainment ($NYSE:ACEL), Inc. is a gaming technology company that provides gaming devices and solutions to regulated gaming markets in the United States. The company offers a variety of gaming products and services, including electronic gaming machines, online gaming, sports betting, and lottery services. DekaBank Deutsche Girozentrale has made a new $324,000 investment in Accel Entertainment, Inc. This investment will help Accel Entertainment to continue to provide gaming technology and solutions to regulated gaming markets in the United States. With this new investment, Accel Entertainment will be able to continue to offer a variety of gaming products and services, including electronic gaming machines, online gaming, sports betting, and lottery services.

Share Price

On Friday, DekaBank Deutsche Girozentrale announced that it had invested $324,000 in Accel Entertainment, Inc. This news was met with mostly positive media coverage. At the time of writing, ACCEL ENTERTAINMENT’s stock had opened at $9.8 and closed at $9.8, up 3.2% from its previous closing price of $9.5. Accel Entertainment is a leading provider of gaming machines and services in the United States. Accel Entertainment is dedicated to providing its customers with a superior gaming experience by offering a wide variety of high-quality gaming machines and services. Live Quote….

VI Analysis

According to VI Risk Rating, ACCEL ENTERTAINMENT is a high risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are 2 risk warnings in the income sheet and balance sheet. Register on vi.app to check it out.

VI Peers

The company offers video gaming devices through licensed truck stop and convenience stores, bars, restaurants, and other locations. Accel also provides gaming machines and related services to licensed fraternal organizations and social clubs. The company was founded in 2002 and is based in Chicago, Illinois. Accel’s primary competitors include Inspired Entertainment Inc, AEON Fantasy Co Ltd, and Galaxy Gaming Inc.

– Inspired Entertainment Inc ($NASDAQ:INSE)

Inspired Entertainment Inc is a publicly traded gaming company. The company operates in the casino, online and mobile gaming industries. The company was founded in 2001 and is headquartered in New York, New York. The company’s common stock is traded on the Nasdaq Global Market under the symbol INSE.

– AEON Fantasy Co Ltd ($TSE:4343)

Aeon Fantasy Co., Ltd. is a Japanese company that develops and operates video game arcades. The company was founded in 1992 and is headquartered in Osaka, Japan. As of March 2021, the company had 1,861 stores in Japan and 731 stores overseas.

Aeon Fantasy’s market cap is 61.48B as of 2022. The company has a Return on Equity of 1.72%.

Aeon Fantasy Co., Ltd. develops and operates video game arcades. The company was founded in 1992 and is headquartered in Osaka, Japan. As of March 2021, the company had 1,861 stores in Japan and 731 stores overseas.

– Galaxy Gaming Inc ($OTCPK:GLXZ)

Galaxy Gaming Inc is a gaming company that develops, manufactures, and sells gaming products and services worldwide. The company offers a range of gaming products and services, including casino management systems, table games, slot machines, and virtual sports. It also provides turnkey solutions, including game content, hardware, and software platforms. The company was founded in 1995 and is based in Las Vegas, Nevada.

Summary

DekaBank Deutsche Girozentrale is one of the largest banks in Germany, and it recently invested $324,000 in Accel Entertainment, Inc., a gaming company. This investment is a vote of confidence in Accel Entertainment, and it could help the company grow in the future. The media coverage of the investment has been mostly positive, and the stock price of Accel Entertainment has moved up since the news was announced.