11/08/10
LAS VEGAS, Nov 08, 2010 (BUSINESS WIRE) - Global Cash Access (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for the gaming industry , announced today that it will be showcasing its recent innovations in marketing technology and cash access products at Booths #2221 and #2719 at this year's Global Gaming Expo (G2E), being held at the Las Vegas Convention Center from November 16-18. At Booth #2221, GCA will demonstrate its proprietary marketing and business intelligence tool, Casino Share Intelligence(TM) (CSI), which is a Web-based data analysis platform providing fast, detailed access to "share" trends in a subscriber's market through a secure internet dashboard. CSI provides gaming operators with a unique method of evaluating the success of existing and future marketing strategies by better understanding the gaming habits of its patrons. CSI also provides weekly trended market reports, including, market share, wallet share, patron share, and...
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11/03/10
LAS VEGAS, Nov 03, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced financial results for the quarter ended September 30, 2010. Fiscal Third Quarter 2010 Results Revenue was $152.1 million, a decrease of 7.4% over the $164.3 million in revenue recorded in the same quarter last year. Revenues during the quarter were adversely impacted by the continued weakness in the gaming sector and consumer revolving credit. Operating income was $13.3 million, a decrease of 23.7% over the $17.5 million recognized in the prior year's third quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") (see Non-GAAP Financial Information below) were $17.3 million, a decrease of 20.4% compared to the same period in the prior year's third quarter. Income from continuing operations before income tax provision in the third quarter of 2010 was $9.4 million, down 28.2% from the third quarter of 2009. Diluted earnings per share from...
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11/01/10
LAS VEGAS, Nov 01, 2010 (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 Scott Betts, president and chief executive officer, will be presenting at the Wells Fargo Securities Technology, Media & Telecom Conference on Tuesday, November 9, 2010 at the New York Palace Hotel in New York City. The presentation will begin at 11:10am ET. Investors and interested parties may listen to the live audio webcast of this presentation by visiting the Company's website at http://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., is a leading provider of cash access products and related services to over 1,100 casinos and other gaming...
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10/27/10
LAS VEGAS, Oct 27, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA ), today announced that it will host a conference call and webcast on Wednesday, November 3, 2010 at 5:00 p.m. ET to review its third quarter 2010 financial results. A press release with third quarter 2010 financial results will be issued shortly after the market closes on November 3, 2010. The conference call can be accessed live over the phone by dialing (877) 941-4775 or for international callers by dialing (480) 629-9761. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 4378924. The replay will be available until November 10, 2010. The call will be webcast live from the Company's website at http://www.gcainc.com under the Investor Relations section. About Global Cash Access Holdings, Inc. Las Vegas-based Global Cash Access, Inc. ("GCA"), a wholly owned subsidiary of the Company, is a leading...
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09/02/10
LAS VEGAS, Sep 02, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA), the gaming industry's leading provider of cash access services, has named Mary E. Higgins, executive vice president and chief financial officer. Ms. Higgins will assume her responsibilities on September 14, 2010. Additionally, GCA's board of directors has appointed Mike Rumbolz as a member of the board, effective immediately. Ms. Higgins has served as the chief financial officer of Herbst Gaming, Inc. since 2000. Herbst Gaming, Inc. is a diversified, multi-jurisdictional gaming company with 15 casino properties located in Nevada, Missouri and Iowa and is one of the largest slot route operators in Nevada. During her tenure with Herbst Gaming, Inc., Ms. Higgins was responsible for all facets of financial management, including financial controls and reporting, taxation, financial planning, treasury, and investor relations. Mr. Rumbolz most recently acted as an independent consultant to GCA and...
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08/17/10
LAS VEGAS, Aug 17, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for casinos, announced today the dismissal of the federal anti-trust litigation commenced by Sightline Payments, LLC. In entering judgment in favor of GCA and dismissing the action, Philip M. Pro, United States District Judge for the District of Nevada, concluded that Sightline Payments' allegations were not supported by sufficient facts to establish a plausible entitlement to relief. Judge Pro further concluded that Sightline Payments' mere allegation concerning GCA's market share, patent rights, agreements with vendors and its agreement to disassociate itself from Sightline's President, Kirk Sanford, were all insufficient to support antitrust claims. Judge Pro dismissed Sightline Payments' Complaint in its entirety. Katie Lever, GCA's general counsel, applauded the decision: "We are gratified that the Court wholly...
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08/04/10
LAS VEGAS, Aug 04, 2010 (BUSINESS WIRE) -Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced financial results for the quarter ended June 30, 2010. Quarterly and Recent Business Highlights: Cash EPS of $0.16 Revenue of $157.2 million Approval from the Nevada Gaming Control Board to begin a product field trial of its new QuikTicket product in Nevada. "While conditions in the gaming industry remain challenging we've continued to pursue our product and service innovation strategy and believe that this is positioning the Company well for the long-term. We believe our market position, breath of products and our ever increasing focus on innovation and customer service continues to position us well for the future," said Scott Betts, the Company's president and chief executive officer. "We are very pleased with the approval by Nevada Gaming Control Board of QuikTicket and look forward to getting it into the market for testing." Fiscal Second Quarter 2010...
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07/27/10
LAS VEGAS, Jul 27, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for casinos , announced today that GCA has received unanimous approval from the Nevada Gaming Control Board (NGCB) to begin a product field trial of its new QuikTicket product in Nevada. This approval is a significant milestone towards the ultimate commercialization of this new technology. QuikTicket was developed by GCA to allow casino patrons to have the choice of receiving either cash or a slot ticket when conducting an ATM transaction. GCA believes that this technology provides increased security for both the casino patron and the gaming operator and that it will also reduce the gaming operator's cash handling expenses. If the casino patron chooses to receive a slot ticket, the ticket can then be used directly in an electronic gaming device or redeemed for cash. QuikTicket also supports GCA's Self Transaction Exclusion...
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07/21/10
LAS VEGAS, Jul 21, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), announced that it will host a conference call and webcast today, Wednesday, July 21, 2010 at 2:00 p.m. ET to discuss the notice from Harrah's Operating Company, Inc. of its intent to not renew its agreements with the Company. The conference call can be accessed live over the phone by dialing (888) 549-7735 or for international callers by dialing (480) 629-9858. A replay will be available at 5:00 p.m. ET and can be accessed by dialing (800) 406-7325 or (303) 590-3030 for international callers; the pin number is 4335987. The replay will be available until July 28, 2010. The call will be webcast live from the Company's website at www.gcainc.com under the Investor Relations section. 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...
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07/19/10
LAS VEGAS, Jul 19, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), today announced that it will host a conference call and webcast on Wednesday, August 4, 2010 at 5:00 p.m. ET to review second quarter 2010 financial results. A press release with second quarter 2010 financial results will be issued shortly after the market closes on August 4, 2010. The conference call can be accessed live over the phone by dialing (800) 474-8920 or for international callers by dialing (719) 457-2677. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (888) 203-1112 or (719) 457-0820 for international callers; the pin number is 2830434. The replay will be available until August 11, 2010. The call will be webcast live from the Company's website at http://www.gcainc.com under the Investor Relations section. 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...
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05/26/10
LAS VEGAS, May 26, 2010 (BUSINESS WIRE) -Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA), a leading supplier of cash access products and related marketing services to the gaming industry, today announced that Scott Betts, president and chief executive officer, will present at the Cowen and Company 38th Annual Technology Media & Telecom Conference on Wednesday, June 2, 2010 at the Palace Hotel in New York City. The presentation will begin at 3:25pm EDT. 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 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...
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05/13/10
LAS VEGAS, May 13, 2010 (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 Scott Betts, president and chief executive officer, will be presenting at the J.P. Morgan Technology, Media and Telecom Conference on Tuesday, May 18, 2010 at Westin Boston Waterfront in Boston, MA. The presentation will begin at 11:20am EDT. 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 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...
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05/05/10
LAS VEGAS, May 05, 2010 (BUSINESS WIRE) -Global Cash Access Holdings, Inc. (the "Company") (NYSE: GCA) today announced financial results for the quarter ended March 31, 2010. Highlights: Cash EPS of $0.17 Revenue of $158.5 million Completion of the Western Money Systems acquisition Completion of $25 million share repurchase on April 8, 2010 Completion of $25 million debt repurchase on May 3, 2010 Fiscal year 2010 Cash EPS guidance increased to between $0.75 and $0.78 "We are encouraged that we are starting to see modest sequential stability in several of the markets we serve," said Scott Betts, the Company's president and chief executive officer. "While conditions in the gaming industry remain challenging and continue to be weak in many jurisdictions, the Company has many new and exciting initiatives in the works that we believe will contribute to our long term growth. We are continuing to increase the resources and investments in our new product programs. We announced the...
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04/30/10
LAS VEGAS, Apr 30, 2010 (BUSINESS WIRE) -Global Cash Access Holdings, Inc. (NYSE:GCA) (the "Company") announced today that it has named David Lucchese as its executive vice president of sales. Mr. Lucchese joins the Company from Bally Technologies, Inc., where he was most recently the vice president of sales, games, and was previously the senior vice president of sales, systems. "We believe that David's outstanding experience in the gaming industry in both slot system and product sales will serve us extremely well" said Scott Betts, president and chief executive officer of the Company. "Our stated goals are to deliver on cashless product innovation and fully integrate cash access technologies on the gaming floor. David's deep roots and relationships are going to be an important factor in our achieving these goals, while capitalizing on the Company's market leading position in providing cash access services to the gaming industry." Mr. Lucchese will join the Company on April 30, 2010,...
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04/27/10
LAS VEGAS, Apr 27, 2010 (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 first quarter 2010 financial results. Conference Call Details Date: Wednesday, May 5, 2010 Time: 5:00 p.m. (Eastern Time) US/Canada Dial-In: ( 866) 788 -0539 International Dial-In: (857) 350-1677 Passcode: 74651225 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 http://www.earnings.com. Institutional investors can access the call via www.streetevents.com, a password-protected event management site. Replay Details US/Canada Dial-In: (888) 286-8010 International Dial-In: ( 617) 801-6888 Passcode: 67327269 About Global Cash Access Holdings, Inc. Las Vegas-based Global...
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04/26/10
LAS VEGAS, Apr 26, 2010 (BUSINESS WIRE) -Global Cash Access Holdings, Inc. (NYSE:GCA) (the "Company") today announced the resignation of George Gresham, executive vice president and chief financial officer. Mr. Gresham has decided to leave the Company effective May 7, 2010, to pursue other opportunities. The Company has immediately begun a search for a new chief financial officer. "On behalf of the Company, I would like to thank George for the contributions that he has made over the past two years and to wish him well in his future endeavors," said Scott Betts, president and chief executive officer of the Company. "While we are disappointed to see George leave the Company, we believe that moving forward we continue to have an exceptional management team in both depth and breadth that will be able to capitalize on our excellent financial position and robust product pipeline in order to continue our objective of capitalizing on the growth opportunities in the gaming industry." Mr. Betts...
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04/13/10
LAS VEGAS, Apr 13, 2010 (BUSINESS WIRE) -Global Cash Access Holdings Inc. (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for casinos, is pleased to announce GCA's entry into the following new business accounts: In the fourth quarter of 2009, GCA began servicing Gila River Indian Community's newest facility in Arizona, the Wild Horse Pass Hotel and Casino . GCA services include ATM, credit card cash advance, point-of-sale debit and QuikCash Plus (QCP). Also included are GCA's cash access services enabled through full service ticket-redemption kiosks. GCA has begun providing its services to the Parx Hotel & Casino in Bensalem, Pennsylvania. GCA services include ATM, credit card cash advance, point-of-sale debit and QuikCash Plus (QCP), as well as GCA's cash access services enabled through Western Money Systems ticket-redemption kiosks. GCA has entered into an agreement with The Tavern Casino , located at The Greenbrier resort in Sulphur...
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03/23/10
LAS VEGAS, Mar 23, 2010 (BUSINESS WIRE) - Global Cash Access Holdings Inc. (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for casinos, today announced that it continues to expand its presence in Canada and Asia and has entered into several new agreements with international casino operators for the provision of its cash access products and Central Credit services. GCA recently installed its QuikCash Plus (QCP) and QuickCash Kiosk products at Edgewater Casino, operated by Paragon Casinos in the heart of Vancouver, British Columbia. This marks GCA's first location in Vancouver and the third Paragon Casinos property at which GCA provides its QCP and QuikCash Kiosks services in Canada. GCA has also signed an agreement for its QCP and QuickCash Kiosk services with seven properties operated by Gateway Casinos and Entertainment, Inc., a leading casino operator in British Columbia. Additionally, GCA has expanded its business in Alberta, Canada, and has...
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03/22/10
LAS VEGAS, Mar 22, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA) today announced that the Company will be presenting at the Sidoti & Company, LLC Fourteenth Annual New York Emerging Growth Institutional Investor Forum on Tuesday, March 23, 2010 at the Grand Hyatt Hotel in New York, NY. The presentation will begin at 2:10pm ET. About Global Cash Access Holdings, Inc. Las Vegas-based Global Cash Access, Inc. ("GCA"), a wholly owned subsidiary of Global Cash Access Holdings, Inc., 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 also provides...
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03/16/10
LAS VEGAS, Mar 16, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA), the gaming industry's payments leader, today announced that it has reached a settlement with the plaintiffs of all issues raised in the federal securities class action lawsuit originally filed on April 11, 2008. The securities class action was commenced by a stockholder against certain of the Company's current and former directors, the Company's former chief executive officer, former chief financial officer and certain other defendants. The parties have executed a Stipulation of Settlement that provides for the establishment of a $5.85 million settlement fund in exchange for the dismissal with prejudice of all claims against all defendants in the litigation. The Company does not expect the consummation of this settlement to have a material adverse impact on the Company's operating results in 2010. Scott Betts, the Company's President and Chief Executive Officer said "We are very...
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03/15/10
LAS VEGAS, May 03, 2010 (BUSINESS WIRE) -Global Cash Access (NYSE:GCA), a global provider of innovative cash access solutions and data intelligence for casinos, announced today the launch of its proprietary marketing and business intelligence tool, Casino Share Intelligence (CSI). CSI, powered by DiamondStream, is a Web-based data analysis tool that provides gaming operators a full picture of where and how patrons are spending their gaming dollars, enabling them to evaluate the success of existing and future marketing strategies. "CSI provides actionable intelligence that shows a casino operator exactly how they are stacking up against the competition, both within their market and across state lines," commented Scott Betts, chief executive officer of GCA. "We believe GCA's invaluable strength of network and market intelligence will change the way casino operators evaluate their business and make strategic decisions." GCA currently provides cash access services to more than 1,100...
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02/23/10
LAS VEGAS, Feb 23, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced financial results for the quarter and year ended December 31, 2009. Fiscal Fourth Quarter 2009 Results For the quarter ended December 31, 2009, revenues were $148.8 million, a decrease of 15.6% over the $176.3 million in revenues recorded in the same quarter last year. Revenues during the quarter were adversely impacted by the continued weakness in the gaming sector and consumer revolving credit. As a result of the weaker than expected revenue, operating income and cash earnings per share from continuing operations ("Cash EPS") (see Non-GAAP Financial Information below) were down 13% and 11%, respectively. The results for the quarter and the year include the receipt of $2.75 million related to the Visa Check/MasterMoney Antitrust Litigation which has been included in our operating results as a reduction in operating expense. The recognition of these proceeds...
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02/23/10
LAS VEGAS, Feb 23, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for casinos, today announced that GCA has signed a five year renewal contract with Wynn Las Vegas, which includes both the Wynn and Encore resort casinos in Las Vegas. GCA's renewal with Wynn Las Vegas includes GCA's full suite of cash access services, including ATM, credit card cash advance and point-of-sale debit transactions, GCA's back-of-house QuikCash Plus (QCP) system, and the services of Central Credit, the leading gaming patron credit bureau. GCA's cash access transactions will continue to be enabled through ticket-redemption kiosks. Wynn Las Vegas will also continue to use GCA's QuikMarketing service, which provides casino managers with simple, cost-effective and highly-targeted marketing materials and mailing lists from GCA's database of over 14 million multi-casino gaming patrons, so that the right prospects...
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02/12/10
LAS VEGAS, Feb 12, 2010 (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 fourth quarter and full year 2009 financial results. Conference Call Details Date: Tuesday, February 23, 2010 Time: 5:00 p.m. (Eastern Time) US/Canada Dial-In: 866.788.0543 International Dial-In: 857.350.1681 Passcode: 76202378 Webcast Details The call will be webcast at http://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 http://www.earnings.com . Institutional investors can access the call via http://www.streetevents.com , a password-protected event management site. Replay Details US/Canada Dial-In: 888-286-8010 International Dial-In: 617-801-6888 Passcode: 51240577 About Global Cash Access Holdings,...
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01/11/10
LAS VEGAS, Jan 11, 2010 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA) today announced that the Company will be presenting at the 12th Annual ICR XChange Conference on Wednesday, January 13, 2010 at the St. Regis Monarch Resort in Dana Point, CA. The presentation will begin at 1:25pm PST. Investors and interested parties may listen to the live audio webcast of this presentation by visiting the Company's website at http://www.GlobalCashAccess.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., 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...
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