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Publication Date: June 3, 2026, 11:51h.
Last Updated: June 3, 2026, 11:51h.
- Accel is acquiring the Rice Palace Truck Stop Casino in Crowley, Louisiana.
- This acquisition aligns with the buyer’s strategic geographic expansion plans.
- Accel describes the transaction as “accretive.”
The distributed gaming operator Accel Entertainment (NYSE: ACEL) announced today that its subsidiary, Toucan Gaming, LLC, is set to acquire Rice Palace Inc. and South Louisiana Gaming Inc., which operates the Rice Palace Truck Stop Casino in Crowley, Louisiana.
This strategic acquisition is typical of Illinois-based Accel, which distributes video gaming terminals (VGTs) across a range of venues, including bars, convenience stores, gas stations, restaurants, and truck stops. With the acquisition of this truck stop casino, Accel plans to add another 50 video poker terminals in Louisiana, with intentions to increase that figure further.
“Under the agreement, Toucan has acquired the Rice Palace facility, incorporating 50 Video Gaming Devices (VGDs) into its expanding Louisiana route operations. The company aims to increase the location’s capacity to 60 VGDs soon, marking an approximately 8% rise in its VGD total from the 728 VGDs reported in Louisiana as of March 31, 2026,” stated the buyer.
While financial details of the deal were not shared, Accel characterized the acquisition as advantageous to its financial position.
Strategic Fit for Accel’s Truck Stop Casino Acquisition
Illinois represents as much as 75% of Accel’s revenue stream, prompting the distributed gaming operator to diversify its market presence—making the Rice Palace Truck Stop acquisition a logical move.
Beyond its home state, Accel is engaged in distributed route operations across Georgia, Louisiana, Montana, Nebraska, and Nevada, with recent activities indicating a desire to enhance its presence in Northern Nevada. As one of the prominent gaming markets in the South, Louisiana presents a lucrative opportunity.
“Toucan and Accel are poised to utilize their operational expertise, entertainment options, data analytics, and promotional strategies to enhance customer engagement, operational efficiency, and sustainable growth,” emphasized the buyer in its statement.
The appeal of Accel’s acquisition of the Rice Palace Truck Stop Casino is underscored by estimates suggesting nearly 60,000 vehicles pass by the site daily. The casino and convenience store operate 24/7.
“This acquisition aligns with Accel’s long-term commitment to disciplined growth and ongoing strategic investments in the state,” notes Accel.
Accel Accelerating Its Expansion
With a market capitalization of $976.7 million, Accel Entertainment is covered by only six sell-side analysts—a factor that may indicate it is an overlooked asset in the gaming sector. Some analysts have observed that the stock often trades at significant discounts relative to future growth projections.
Through strategic acquisitions, Accel has built a diverse portfolio of over 28,000 gaming devices across the nation, placing it fourth in this category and surpassing numerous traditional casino operators.
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