Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”) today announced that Mark Phelan, Chief Revenue Officer, has been appointed to the newly created position of President, U.S. Gaming, effective October 6, 2023.
In this capacity, Mr. Phelan will be responsible for setting and guiding Accel’s growth strategy, including leading the execution of key expansion and diversification initiatives. Mr. Phelan will continue to oversee Accel’s business development as well as the company’s M&A strategy. He will remain an active member of the executive team and continue to report directly to Accel’s President and CEO Andy Rubenstein.
“Since joining Accel, Mark has been an exceptional leader of our sales and revenue team,” said President and CEO Andy Rubenstein. “Throughout this time, Mark has driven significant revenue growth and helped shepherd Accel’s expansion into new markets. This newly created position will enable Mark to focus even more of his time and energy on our go-forward strategy to expand our geographical presence and the breadth of our offerings. This appointment is a true testament to Mark’s expertise and I look forward to continuing to partner with him in this new capacity.”
“It is an honor to step into this new role during such an exciting time for Accel,” said Mr. Phelan. “I look forward to deepening my focus on strategic growth initiatives and continuing to work closely with Andy and the rest of Accel’s talented team. We will continue to grow the business, explore adjacent markets and further position ourselves as the country’s premier local gaming provider.”
Mark has served as Accel’s Chief Revenue Officer since 2017. Prior to joining Accel, Mark was Director of Research for SFG Asset Advisors. Before that, he held several positions within the finance industry, including CEO of M22 Capital LLC, a Registered Investment Advisory firm he founded in 2011, Managing Director of Piper Jaffray Company’s convertible bond sales and trading desk, Head of Asian Derivatives Trading at DRW Trading Group and VP of Municipal Banking at Mesirow Financial.
Mark received his B.A., M.A. and M.B.A from the University of Chicago.
Accel believes it is the leading distributed gaming operator in the United States on an Adjusted EBITDA basis, and a preferred partner for local business owners in the markets Accel serves. Accel’s business consists of the installation, maintenance and operation of gaming terminals, redemption devices that disburse winnings and contain automated teller machine (“ATM”) functionality, and other amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.