Century Gaming Inc., Montana’s largest operator of gaming machines, will be acquired by Illinois-based Accel Entertainment Inc., a leading U.S. distributed gaming operator, for $140 million. The board of directors of both companies unanimously approved the transaction, which is expected to close by the end of 2021, subject to regulatory approvals. The two companies expect to generate about $220 million in combined revenue in 2021.
Century Gaming operates as Century Gaming Technologies, known for its popular “Gamblers Bonus” player rewards platform and “i-Rewards” customer relationship management system. The company controls more than 8,500 machines in 900 locations in Montana and Nevada, including taverns, convenience stores and small casinos.
Century Chief Executive Officer Steve Arntzen said, “We are excited to join the Accel team. With Accel, we will be exceptionally positioned to expand our operations while continuing to lead the industry in cutting-edge emerging gaming technologies that support both our operators and their players. We look forward to working with Accel to grow our business in our home states of Nevada and Montana and to deepen our partnership in the years to come.”
Accel Chief Executive Officer Andy Rubenstein commented, “We are thrilled to welcome Steve Arntzen and the Century team to the Accel family and look forward to leveraging this compelling transaction that will provide significant and attractive growth opportunities for both companies. We are constantly seeking innovative opportunities to broaden our reach and expand our operations into new markets. As we continue to scale our presence across the United States, Steve and his leadership team at Century make for an ideal partner in the Western U.S.”
