11/17/11
LAS VEGAS-(BUSINESS WIRE)-Nov. 17, 2011- Global Cash Access Holdings, Inc. (NYSE: GCA ) announced today that on November 15, 2011 the Company completed its previously announced acquisition of substantially all of the assets of MCA Processing LLC. 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. Through Western Money Systems, a wholly owned subsidiary, GCA is a leading manufacturer and distributor of cash handling devices...
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11/09/11
LAS VEGAS, Nov 09, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced financial results for the quarter ended September 30, 2011. Fiscal Third Quarter 2011 Results Revenue was $136.9 million, a decrease of 10% compared to the $152.1 million in revenue recorded in the same quarter last year. This decrease was primarily attributable to the Company's loss of its largest customer in late 2010 which accounted for approximately $21.3 million in revenue during the third quarter of 2010. Exclusive of the loss of the Company's largest customer, the Company's base revenue increased by $5.8 million in the third quarter of 2011. Operating income was $7.6 million. The Company incurred approximately $0.8 million of non-recurring expenses related to a loss on the sale of obsolete equipment, legal fees related to the recently announced purchase of substantially all of the assets of MCA Processing LLC and other legal matters. Earnings before interest,...
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11/03/11
LAS VEGAS, Nov 03, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced that Global Cash Access, Inc. ("GCA") has entered into a definitive agreement to acquire substantially all of the assets of MCA Processing LLC ("MCA"). MCA, headquartered in Las Vegas, Nevada, is a provider of ATM, debit card, and credit card cash access services to gaming establishments and also manufactures, sells, licenses and services redemption kiosk devices. The acquired assets include MCA's portfolio of cash access and redemption kiosk maintenance contracts, including cash access service contracts with Caesars Entertainment for its Nevada, Atlantic City and certain Pennsylvania properties. "We believe the MCA acquisition is complementary to our core business and will bolster our position as the leading provider of integrated cash access products and services to the gaming industry," said Scott Betts, President and CEO of GCA. The acquisition is expected to...
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10/27/11
LAS VEGAS, Oct 27, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA ), today announced that it will host a conference call and webcast on Wednesday, November 9, 2011 at 5:00 p.m. ET to review its third quarter 2011 financial results. A press release with third quarter 2011 financial results will be issued shortly after the market closes on November 9, 2011. The conference call can be accessed live over the phone by dialing (877) 941-8416 or for international callers by dialing (480) 629-9808. 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 4483727. The replay will be available November 16, 2011. 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...
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10/03/11
LAS VEGAS, Oct 03, 2011 (BUSINESS WIRE) - Global Cash Access (NYSE:GCA), a leading provider of cash access products and related services to over 1,100 casinos and other gaming properties, will exhibit new and enhanced cash access, cash handling and ticketing solutions at G2E from October 4th through October 8th at the Sands Convention Center at booth # 3854. GCA will be highlighting its Western Money System CXC 4.0(TM) multi-function kiosk, which features a new, sleek and modern design, customized media options, and incorporates the latest cash handling and cash access services. By combining powerful marketing peripherals and high capacity components, the CXC 4.0 delivers maximum velocity and patron interaction. In addition to CXC 4.0, GCA will exhibit its full suite of cash access products, which provide casino operators the ability to integrate GCA's cash access products directly with the gaming floor by leveraging GCA's unique and patented promotional, reporting, cashless and data...
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08/09/11
LAS VEGAS, Aug 09, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced financial results for the quarter ended June 30, 2011. Fiscal Second Quarter 2011 Results Revenue was $135.1 million, a decrease of 14.1% compared to the $157.2 million in revenue recorded in the same quarter last year. This decrease was primarily attributable to the Company's loss of its largest customer in late 2010 which accounted for approximately $21.3 million in revenue during the second quarter of 2010. In addition, revenue during the second quarter of 2011 was adversely impacted by the continued weakness in the gaming sector and consumer revolving credit. Operating income was $7.1 million. The Company incurred approximately $1.6 million in one-time expenses in the quarter, consisting primarily of $1.2 million in one-time charges associated with additional depreciation and amortization expense associated with the final purchase price allocation of the...
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07/27/11
LAS VEGAS, Jul 27, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), today announced that it will host a conference call and webcast on Tuesday, August 9, 2011 at 5:00 p.m. ET to review its second quarter 2011 financial results. A press release with second quarter 2011 financial results will be issued shortly after the market closes on August 9, 2011. The conference call can be accessed live over the phone by dialing (877) 941-4774 or for international callers by dialing (480) 629-9760. 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 4459255. The replay will be available August 16, 2011. 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...
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05/10/11
LAS VEGAS, May 10, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE: GCA) today announced financial results for the quarter ended March 31, 2011. Fiscal First Quarter 2011 Results Revenue was $134.4 million, a decrease of $24.1 million or 15.2% over the $158.5 million in revenue recorded in the same quarter last year. This decrease was primarily attributable to the Company's loss of its largest customer in late 2010 which accounted for approximately $20.9 million in revenue during the first quarter of 2010. In addition, revenue during the first quarter of 2011 was adversely impacted by the continued weakness in the gaming sector and consumer revolving credit. Operating income was $9.3 million. In addition, there was $0.9 million in one time charges associated with the refinancing of all of the Company's borrowings in March of 2011. Earnings before interest, taxes, depreciation and amortization ("EBITDA") (see Non-GAAP Financial Information below)...
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05/02/11
LAS VEGAS, May 02, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), today announced that it will host a conference call and webcast on Tuesday, May 10, 2011 at 5:00 p.m. ET to review its first quarter 2011 financial results. A press release with first quarter 2011 financial results will be issued shortly after the market closes on May 10, 2011. The conference call can be accessed live over the phone by dialing (877) 941-1429 or for international callers by dialing (480) 629-9857. 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 4436748. The replay will be available until May 17, 2011. 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...
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03/08/11
LAS VEGAS, Mar 08, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced financial results for the quarter and fiscal year ended December 31, 2010. Fiscal Fourth Quarter 2010 Results Revenue was $137.8 million, a decrease of 7.4% over the $148.8 million in revenue recorded in the same quarter last year. Revenue during the quarter was adversely impacted by the continued weakness in the gaming sector and consumer revolving credit. Operating income was $10.1 million, a decrease of 37.2% over the $16.0 million recognized in the prior year's fourth quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") (see Non-GAAP Financial Information below) were $13.8 million, a decrease of 32.0% compared to the same period in the prior year's fourth quarter. Income from continuing operations before income tax provision in the fourth quarter of 2010 was $6.1 million, down 47.6% from the fourth quarter of 2009. Diluted...
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02/28/11
LAS VEGAS, Feb 28, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE:GCA), announced today that it has rescheduled its fourth quarter and fiscal year 2010 conference call, previously scheduled for Wednesday, March 2, 2011 at 5:00 p.m. ET. The fourth quarter and fiscal year 2010 conference call will now be held on Tuesday, March 8, 2011 at 5:00 p.m. ET and a press release with the financial results will be issued shortly after the market closes on March 8, 2011. The conference call can be accessed live over the phone by dialing (877) 941-2321 or for international callers by dialing (480) 629-9714. 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 4417839. The replay will be available until March 15, 2011. 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...
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02/01/11
LAS VEGAS, Feb 01, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) today announced it will host a conference call and webcast to discuss its fourth quarter and fiscal year 2010 results on March 2, 2011 at 5:00 p.m. ET. For further information please visit the Company's website at www.gcainc.com under the investor relations section. The Company is currently in the process of seeking refinancing of all of its indebtedness outstanding under its senior secured credit facility as well as its senior subordinated notes. As such, the Company is providing certain preliminary estimated results for the year ended December 31, 2010 and a preliminary estimated outlook of certain financial measures for the year ending December 31, 2011. Preliminary Fiscal Year 2010 Estimated Results Although the Company is still in the process of closing its books and preparing its financial statements for the year ended December 31, 2010, the Company preliminarily estimates that...
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01/31/11
LAS VEGAS, Jan 31, 2011 (BUSINESS WIRE) - Global Cash Access Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access solutions and data intelligence for gaming establishments, today announced that it has renewed cash access agreements with several of its longstanding and significant customers and also entered into agreements with several new casino properties. Renewals with US Gaming Operators and New Business GCA has entered into agreements with some of the largest casino operators in the U.S. for the provision of its core ATM, credit and debit card cash access services, including QuikCash Plus, electronic deposit, and GCA's patented 3-in-1 rollover technology, as well as its QuikCash Kiosks, CasinoXchange redemption kiosks and Central Credit services. GCA will be providing services to: 15 properties operated by MGM Resorts International, including MGM Grand Hotel & Casino, Bellagio Resort & Casino, and Mandalay Bay Resort & Casino; 16 properties operated...
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