11/15/08
LAS VEGAS, Nov 15, 2008 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA) (the "Company") today announced that the Company will be presenting at the Deutsche Bank Gaming Investment Forum on Monday, November 17, 2008 at the Las Vegas Convention Center in Las Vegas, NV. The presentation will begin at 10:00am PST. Investors and interested parties may listen to the live audio webcast of this presentation by visiting the Company's website at www.gcainc.com at the appropriate time. A replay of the webcast will be available following the conclusion of the presentation. About Global Cash Access Holdings, Inc. Las Vegas-based Global Cash Access, Inc. ("GCA"), a wholly owned subsidiary of Global Cash Access Holdings, Inc. (NYSE:GCA), 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 and Asia. GCA's products and services provide gaming patrons access to cash through...
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11/05/08
LAS VEGAS-(BUSINESS WIRE)-Nov. 5, 2008-Global Cash Access Holdings, Inc. (NYSE:GCA) (the "Company") today announced preliminary, unaudited financial results for the quarter ended September 30, 2008. Fiscal Third Quarter 2008 Results For the quarter ended September 30, 2008, revenues were $185.1 million, an increase of 19% over the $155.8 million in revenues recorded in the same quarter last year. Operating income was $21.3 million, an increase of 12% over the $19.0 million recognized in the prior year. Earnings before interest, taxes, depreciation and amortization (see Non-GAAP Financial Information below) increased to $26.1 million from $21.9 million, a 19% increase. The Company's results for the quarter include the operations of Certegy Gaming Services, Inc., which was acquired in April of 2008 and Cash Systems, Inc., which was acquired in August of 2008. "We are quite pleased with these results," said Scott Betts, President and Chief Executive Officer of the Company. "Despite the...
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10/27/08
LAS VEGAS, Oct 27, 2008 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), a leading supplier of cash access products and related marketing services to the gaming industry, today announced that it will conduct a conference call to discuss its third quarter 2008 financial results. Conference Call Details Date Wednesday, November 5, 2008 Time 5:00 p.m. (Eastern) US/Canada Dial-In 800.561.2718 International Dial-In 617.614.3525 Passcode 61838696 Webcast Details The call will be webcast at www.gcainc.com in the Investor Relations section. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com. Institutional investors can access the call via www.streetevents.com, a password-protected event management site. Replay Details Dial-in 888-286-8010 (International) 617-801-6888 Passcode 54270461 About Global Cash Access Holdings, Inc. Las Vegas-based Global Cash Access, Inc. ("GCA"), a wholly...
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10/23/08
LAS VEGAS-(BUSINESS WIRE)- GCA, the wholly owned subsidiary of Global Cash Access Holdings, Inc. (NYSE:GCA), will showcase new developments in cashless gaming technology and its dynamic marketing solutions for gaming operators at G2E, the Global Gaming Expo scheduled to take place in Las Vegas November 18 - 20. GCA is the global gaming industry's payments leader. It provides more than 1,100 casinos and other gaming operators with a range of cash access products and information services that help patrons gain more convenient access to funds - and enable gaming operators to better serve, attract and retain patrons while lowering costs. GCA executives will be at Booth #2622 to demonstrate and explain GCA's product enhancement and cashless gaming innovations currently under development, including: - Wagering Accounts
- Self-Enrollment
- Ticket Out
- Dynamic Messaging GCA's Central Credit and Marketing Services operations will host their own Booth,...
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10/08/08
Casino Properties in Europe, Canada and the Caribbean Turn to GCA to Serve Patrons and Provide More Direct Access to Cash; GCA Serves Czech Casinos for the First Time LAS VEGAS-(BUSINESS WIRE)- Global Cash Access Holdings, Inc. (NYSE:GCA) announced that GCA, a wholly owned subsidiary, recently signed agreements to provide state-of-the-art cash access services to patrons at 20 additional international casino properties, continuing GCA's global expansion strategy. The expansion includes 11 properties in the Czech Republic, marking GCA's entrance into that market. GCA provides more than 1,100 casinos and other gaming properties, including 100 outside of the U.S., with a range of cash access products and information services that are designed to give patrons more convenient access to cash - and enable properties to better serve, understand, attract and retain their customers. In addition to the Czech properties, GCA signed agreements with three additional establishments in Canada; one in...
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09/22/08
LAS VEGAS-(BUSINESS WIRE)-Sept. 22, 2008-Global Cash Access, Inc.'s Chief Financial Officer, George Gresham, will present at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona on Wednesday, September 24th at 2:10p.m. MST. The audio presentation and a complete copy of the presentation will be available by visiting the Company's website at www.globalcashaccess.com. About Global Cash Access Holdings, Inc. Las Vegas-based Global Cash Access Holdings, Inc. (NYSE: GCA) is the parent of Global Cash Access, Inc. (GCA), a leader in providing cash access and customer relationship marketing services to gaming properties and other clients in the United States, Canada, Caribbean, Europe and Macau. GCA is recognized for developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. For more information, please visit the company's Web site at www.globalcashaccess.com. CONTACT: Global Cash Access, Inc. ...
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08/11/08
Revenue of $166.8 million, Diluted EPS from Continuing Operations of $0.11 and Diluted Cash EPS of $0.17 LAS VEGAS-(BUSINESS WIRE)-Aug. 11, 2008-Global Cash Access Holdings, Inc. (NYSE:GCA) ("GCA" or the "Company") today announced preliminary, unaudited financial results for the quarter ended June 30, 2008. Summary Results For the quarter ended June 30, 2008, revenues were $166.8 million, an increase of 11% over the $150.8 million in revenues recorded in the same quarter last year. Operating income was $20.6 million and income from continuing operations was $8.5 million in the first quarter of 2008. Operating income and income from continuing operations in the prior year equivalent quarter were $23.7 million and $9.3 million, respectively. The Company's results for the quarter include the operations of Certegy Gaming Services, Inc. beginning April 1, 2008. The Company also previously announced the closing of the acquisition of Cash Systems, Inc. effective August 7, 2008. "We are quite...
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08/08/08
Acquisition to Give GCA Greater Scale to Compete in Electronic Payments Market LAS VEGAS, Aug 08, 2008 (BUSINESS WIRE) - Global Cash Access, Inc. (NYSE: GCA) announced today that it has closed the acquisition of Cash Systems, Inc. (Cash Systems). The aggregate amount paid to Cash Systems' stockholders, note holders and warrant holders, together with Cash Systems' transaction expenses, is approximately $33 million. Cash Systems is now a wholly owned subsidiary of GCA. GCA President and Chief Executive Officer Scott H. Betts said, "We are very pleased to have closed the acquisition and are excited about the opportunities the acquisition of Cash Systems provides for the continuation of our strategy of having the scale required to compete effectively in the highly competitive electronic payments market. We believe that the acquisition of Cash Systems' provides us with unique synergies within the gaming market." Goldman, Sachs & Co. acted as financial advisor to GCA and Morrison &...
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08/01/08
LAS VEGAS, Aug 01, 2008 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), a leading supplier of cash access systems and related marketing services to the gaming industry, today announced that it will conduct a conference call to discuss its second quarter 2008 financial results. Conference Call Details Date Monday, August 11th Time 5:00 p.m. (Eastern) US/Canada Dial-In 866.825.1709 International Dial-In 617.213.8060 Passcode 73735954 Webcast Details The call will be webcast at www.globalcashaccess.com in the Investor Relations section. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com . Institutional investors can access the call via www.streetevents.com, a password-protected event management site. Replay Details Dial-in 888-286-8010 (US) or 617-801-6888 (International)
Passcode 41711619
About Global Cash Access Holdings, Inc. Las Vegas-based Global...
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06/16/08
Acquisition to Give GCA Greater Scale to Compete in Electronic Payments Market LAS VEGAS-(BUSINESS WIRE)-June 16, 2008-Global Cash Access, Inc. (GCA) (NYSE: GCA) and Cash Systems, Inc. (Cash Systems) (NASDAQ: CKNN) today jointly announced the execution of a definitive agreement whereby GCA will acquire Cash Systems for $0.50 per share (the "Transaction"). The Transaction has been approved by the boards of directors of both companies. At the closing of the Transaction, all of Cash Systems' issued and outstanding shares of common stock will be converted into the right to receive cash in the amount of $0.50 per share and all of Cash Systems' outstanding convertible promissory notes and warrants will be redeemed for the sum of $21 million plus accrued but unpaid interest. The aggregate amount paid to Cash Systems' stockholders, note holders and warrant holders, together with Cash Systems' transaction expenses, is expected to be approximately $33 million. GCA will gain approximately 120...
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05/05/08
Revenue of $143.5 million, Diluted EPS from Continuing Operations of $0.08 and Diluted Cash EPS of $0.15 LAS VEGAS-(BUSINESS WIRE)-May 8, 2008-Global Cash Access Holdings, Inc. ("GCA" or the "Company") (NYSE:GCA) today announced preliminary, unaudited financial results for the quarter ended March 31, 2008. Summary Results For the quarter ended March 31, 2008, revenues were $143.5 million, a decrease of 3.2% over the $148.2 million in revenues recorded in the same quarter last year. Operating income was $18.3 million and income from continuing operations was $6.1 million in the first quarter of 2008. Operating income and income from continuing operations in the prior year equivalent quarter were $22.4 million and $8.6 million, respectively. The Company formally exited the Arriva business in the first quarter of 2008 and classified those operations as discontinued. The discontinued operating results of Arriva include a pre-tax write-down of approximately $5.5 million recognized in the...
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04/30/08
LAS VEGAS-(BUSINESS WIRE)-April 30, 2008-Global Cash Access Holdings, Inc. (GCA) (NYSE:GCA), a leading supplier of cash access systems and related marketing services to the gaming industry, today announced that it will conduct a conference call to discuss its first quarter 2008 financial results. Conference Call Details - Date Thursday, May 8 Time 2:00 p.m. (Eastern) US/Canada Dial-In 866-510-0710 International Dial-In 617-597-5378 Passcode 86079711 Webcast Details
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The call will be webcast at www.globalcashaccess.com in the Investor Relations section. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com. Institutional investors can access the call via www.streetevents.com, a password-protected event management site. Replay Details - Dates Available May 8 - May 15 Dial-in 888-286-8010 (US) or 617-801-6888 (International) Passcode 49712259 About Global Cash Access...
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04/01/08
Acquisition Designed to Give GCA Greater Scale to Compete in Electronic Payments Market LAS VEGAS, Apr 01, 2008 (BUSINESS WIRE) - Global Cash Access, Inc. (GCA) announced today that it has closed the acquisition of Certegy Gaming Services, Inc. (CGS), formerly known as Game Financial, from Fidelity National Transaction Services, Inc., a subsidiary of Fidelity National Information Services, Inc. (FIS). GCA acquired all of CGS's issued shares of stock for a purchase price of $25 million. CGS is now a wholly-owned subsidiary of GCA. As part of the acquisition, GCA will replace all of the cash that was held in CGS's ATM machines and booths at its customer locations. Said GCA Chief Executive Officer Scott H. Betts, "We're very pleased to have closed the acquisition and are very excited about the opportunity to provide CGS's customers with the products, support and dedication for which GCA is known. The addition of CGS to GCA will help us maintain the scale necessary to advance our product...
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02/28/08
LAS VEGAS-(BUSINESS WIRE)-Feb. 28, 2008-Global Cash Access, Inc. (GCA), the gaming industry's leading provider of cash access services, announced today that as part of its strategy of focusing on its core electronic payments business, it will discontinue offering the Arriva Card, a consumer credit card offered by GCA's wholly owned subsidiary, Arriva Card, Inc. GCA is currently studying a range of strategic options for the Arriva Card, Inc. portfolio of receivables and cardholder accounts. Said GCA's President and Chief Executive Officer, Scott H. Betts, "We remain committed to developing innovative products and services for our gaming industry customers, but we believe that the right business decision is to discontinue our Arriva Card product. Even though we believe that we have effective credit quality safeguards in place, it is our view that, in this environment, no consumer credit product will be immune to losses. We are convinced that this decision is in the best interest of our...
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02/28/08
Acquisition to Give GCA Greater Scale to Compete in Electronic Payments Market LAS VEGAS-(BUSINESS WIRE)-Feb. 28, 2008-Global Cash Access, Inc. (GCA) has executed an agreement to acquire Certegy Gaming Services, Inc., formerly known as Game Financial (CGS) from Fidelity National Transaction Services, Inc., a subsidiary of Fidelity National Information Services, Inc. (FIS). GCA provides nearly 1,000 gaming properties worldwide with technology and services designed to help gaming patrons gain more convenient access to cash and help gaming properties operate efficiently and better serve, understand, attract and retain customers. CGS provides similar cash access services to approximately 130 gaming properties in the U.S. and the Caribbean. At the closing of the acquisition, GCA will acquire all of CGS' issued shares of stock for a purchase price of $25 million, and CGS will become a wholly owned GCA subsidiary. In addition, GCA will replace CGS' cash currently held in CGS' ATM machines...
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02/28/08
Revenue of $144.0 million, Diluted Adjusted Cash EPS of $0.16 and Diluted Cash EPS of $0.07 in Q4 and Revenue of $600.9 million, Diluted Adjusted Cash EPS of $0.70 and Diluted Cash EPS of $0.51 for FY 2007 LAS VEGAS-(BUSINESS WIRE)-Feb. 28, 2008-Global Cash Access Holdings, Inc. ("GCA" or the "Company") today announced preliminary, unaudited financial results for the quarter and year ended December 31, 2007. Summary Non-GAAP Results For the quarter ended December 31, 2007, revenues were $144.0 million, an increase of 1.5% over the $141.9 million in revenues recorded in the same quarter last year. Adjusted Cash Earnings, which exclude stock-based compensation and items that typically do not occur on a recurring basis, were $12.7 million in Q4 2007, compared to $13.6 million in Q4 2006, a decrease of 6.2%. Adjusted Cash Earnings per diluted share were $0.16 in Q4 2007 (on 79.5 million diluted shares) as compared to $0.17 in Q4 2006 (on 82.0 million diluted shares). Cash Earnings, which...
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02/25/08
LAS VEGAS-(BUSINESS WIRE)-Feb. 25, 2008-Global Cash Access, Inc. (GCA), the gaming industry's leading provider of cash access services, has named George W. Gresham, 41, Executive Vice President and Chief Financial Officer. Mr. Gresham assumed his responsibilities today. The announcement was made by GCA Chief Executive Officer Scott H. Betts, who until Mr. Gresham's appointment also served as the company's interim Chief Financial Officer. Mr. Gresham most recently served as Chief Financial Officer, Chief Administrative Officer and Executive Vice President of EFD eFunds Corporation. Prior to its acquisition, EFD eFunds was a multi-national, NYSE listed company specializing in the development and deployment of payments and payments related technology. During his tenure with EFD eFunds, he was responsible for all facets of financial management including financial controls and reporting, domestic and international taxation, financial planning, treasury, and investor relations. EFD eFund's...
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02/08/08
LAS VEGAS, Feb 08, 2008 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (GCA) (NYSE:GCA), a leading supplier of cash access systems and related marketing services to the gaming industry, today announced that it will conduct a conference call to discuss its fourth quarter 2007 financial results. Conference Call Details
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Date Thursday, February 28th
Time 2:00 p.m. (Eastern)
US/Canada Dial-In 800-561-2718
International Dial-In 617-614-3525
Passcode 71858824
Webcast Details - The call will be webcast at www.globalcashaccess.com in the Investor Relations section. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com. Institutional investors can access the call via www.streetevents.com, a password-protected event management site. Replay Details
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Dates Available From February 28, 2008 at 4:00...
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