Accel Entertainment reported record quarterly revenue of $336 million and adjusted EBITDA of $53 million for Q2 2025, representing year-over-year growth of 9% and 7%, respectively.
Core market Illinois generated $245 million in revenue, up over 8%, driven by strategic game enhancements and location optimization.
Developing markets Nebraska and Georgia showed strong revenue growth of 26.1% and 53.5%, respectively, while Nevada declined by 7.7% due to loss of a key customer.
New markets, including the Louisiana Toucan Gaming acquisition and Fairmount Park casino, contributed approximately $10 million in revenue and are expected to grow further.
Operating terminals increased to approximately 27,400 across more than 4,400 locations, up 3.4% and 3.1% year-over-year.
BetMGM North America venture revenue from operations increased 36% in Q2, with EBITDA of $86 million and raised full year 2025 guidance to at least $2.7 billion net revenue and $150 million EBITDA.
Las Vegas resorts saw a decline in adjusted EBITDAR primarily due to MGM Grand remodel disruption and midweek weakness at value-oriented properties, with a $72 million year-over-year decline.
MGM China achieved record adjusted EBITDAR and a market share of 16.6%, the highest sequential gain among concessionaires, with share increasing every month of the quarter.
MGM Digital international business grew top line by 14%, nearing breakeven excluding Brazil investments.
MGM Resorts reported record highest ever consolidated net revenue results in Q2 2025 driven by portfolio diversity across global brick-and-mortar and digital domains.
Regional properties posted record Q2 net revenues and a 7% increase in adjusted EBITDAR, driven by gaming, hotel, and food and beverage segments.
Share repurchases totaled 8 million shares for $217 million in Q2, with a nearly 45% reduction in share count since the buyback program began.
Dafinchi
