GCA Announces the Dismissal of the Derivative Lawsuit

06/15/09

LAS VEGAS--(BUSINESS WIRE)--Jun. 15, 2009-- Global Cash Access Holdings, Inc. (the “Company”) (NYSE:GCA), the gaming industry’s payments leader, today announced that the United States District Court, District of Nevada, has dismissed with prejudice as to all defendants the derivative action originally filed on December 12, 2007. The derivative action was commenced by a stockholder on behalf of the Company against certain of the Company’s current and former directors and the Company’s former chief executive officer and former chief financial officer. The plaintiffs have a right to file an appeal the court’s decision.

About Global Cash Access Holdings, Inc.

Las Vegas-based Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of the Company, is a leading provider of cash access products and related services to over 1,100 casinos and other gaming properties in the United States, Europe, Canada, the Caribbean, Central America and Asia. GCA's products and services provide gaming patrons access to cash through a variety of methods, including ATM cash withdrawals, point-of-sale debit card transactions, credit card cash advances, check verification and warranty services, and Western Union money transfers. GCA provides products and services that improve credit decision-making, automate cashier operations and enhance patron marketing activities for gaming establishments. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. More information is available at GCA's Web site at www.gcainc.com.

 

Source: Global Cash Access Holdings, Inc.

Global Cash Access, Inc.
George Gresham, CFO, 702-855-3005
IR@gcamail.com

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