11/07/12
LAS VEGAS-(BUSINESS WIRE)-Nov. 7, 2012- Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) announced today financial results for the third quarter ended September 30, 2012, raised its 2012 earnings guidance and announced a new $40.0 million share repurchase program. Third Quarter 2012 Highlights Operating income increased 92% year-over-year to $14.6 million EBITDA increased 67% year-over-year to $19.0 million Net income per share, on a diluted basis, increased 233% year-over-year to $0.10 Cash EPS increased 109% year-over-year to $0.23 “We are extremely pleased with the Company’s performance in the third quarter with Adjusted EBITDA up 56% and Cash EPS up 109% year over year. We continue to remain focused on enhancing our product pipeline, continuously improving execution and sales focus in all facets of our business, building the foundation for international growth and find, foster and execute technology partnerships and acquisitions to grow and expand the company,” said...
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11/07/12
LAS VEGAS-(BUSINESS WIRE)-Nov. 7, 2012- Global Cash Access Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access, cash handling solutions and business intelligence services for gaming establishments, today announced that on November 6, 2012, Scott Betts, Chief Executive Officer of the Company, advised the Board of Directors of the Company of his intention to retire as Chief Executive Officer of the Company effective December 31, 2012. Mr. Betts will remain an employee of the Company in a strategic planning role through March 2013. Mr. Betts will continue to serve as a Board member of the Company following his retirement as Chief Executive Officer of the Company. David Lopez, President of the Company, will assume the role of Chief Executive Officer upon Mr. Betts’ retirement. “I am so proud of the job the organization has done to bring GCA from where we started five years ago to where we are today. We are a better, stronger, smarter company and it shows in our...
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10/24/12
LAS VEGAS-(BUSINESS WIRE)-Oct. 24, 2012- Global Cash Access Holdings, Inc. (NYSE: GCA ), today announced that it will host a conference call and webcast on Wednesday, November 7, 2012 at 5:00 p.m. ET to review its third quarter 2012 financial results. A press release with third quarter 2012 results will be issued shortly after the market closes on November 7, 2012. 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 4570843. The replay will be available until November 14, 2012. 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 Global Cash Access Holdings, Inc., is a...
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10/01/12
LAS VEGAS-(BUSINESS WIRE)-Oct. 1, 2012- Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access, cash handling solutions and business intelligence services for gaming establishments, today announced the appointment of Robert Myhre to the position of Executive Vice President and Chief Information Officer effective October 1, 2012. In his role as Chief Information Officer, Mr. Myhre will report to David Lopez, President, and will assume the responsibility for the company’s information technology, network and field services, and processing relationships. Mr. Myhre has 25 years of payments industry expertise, joining GCA from his previous position at Master Card as Group Head – Integrated Processing Solutions where he oversaw development for debit and prepaid processing solutions. Prior to his position with Master Card, he served as Senior Vice President and General Manager of a number of...
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09/27/12
GCA Reveals a Digital Wallet, the Market Launch of QuikTicket and a Full Suite of Integrated Product Enhancements LAS VEGAS-(BUSINESS WIRE)-Sep. 27, 2012- Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), will unveil several new cash access products, internet and cashless gaming solutions at G2E, including GCA’s Digital Wallet - the first online gaming monetization solution in the United States, and QuikTicket™ - the first product to fully deliver on the potential of cashless gaming. New products include TableXchange®, Xchange Explorer Plus®, Cash Club®, a newly designed Central Credit® interface, FlexChex™ - Central Credit’s brand new check product, Casino Direct Plus®, and more. GCA will be exhibiting at Booth #3854. “This is an exciting time for GCA. We are pleased to deliver compelling and powerful gaming innovations like GCA’s Digital Wallet, QuikTicket, and TableXchange,” commented Scott Betts, Chief Executive Officer...
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09/18/12
LAS VEGAS-(BUSINESS WIRE)-Sep. 18, 2012- Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), is pleased to announce solidifying a strategic partnership with FutureLogic. The companies will work together on delivering cashless gaming solutions tightly integrated with current product offerings to expand ticketing solutions in North America. “Our partnership with FutureLogic endorses our long term goal to deliver solutions tightly integrated with those of our customers. The partnership also demonstrates our continued commitment to “ticket-based solutions” and operational efficiencies, while assisting operators in enhancing their patrons’ gaming experiences,” commented Scott Betts, Chief Executive Officer of GCA. “We remain 100% focused on the business needs of our customers and understand we must constantly evolve the products and services GCA offers. We are excited about working with technology leader FutureLogic on developing...
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09/13/12
LAS VEGAS-(BUSINESS WIRE)-Sep. 13, 2012- Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), is pleased to announce its sponsorship of the iGaming Congress to be held at G2E in Las Vegas, October 1st – 3rd. GCA is the market leader in providing cash access products and payment services to the gaming industry and is recognized for successfully developing and deploying technological innovations to increase its customers’ profitability, operational efficiency and patron loyalty. As the bricks and mortar gaming world merges with the online world, GCA has taken significant steps to accommodate the future needs of its customers and achieve the same standard of delivering excellence and innovation. GCA’s CEO Scott Betts will speak at the iGaming Congress on the panel, Processing Payments: Challenges in US. “We are encouraged by the growing interest and support of iGaming and believe there is significant opportunity to integrate the...
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08/15/12
LAS VEGAS-(BUSINESS WIRE)-Aug. 15, 2012- Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), is pleased to announce its intent to provide operators of legalized online wager-based casino games a licensed end-to-end payment, patron e-wallet and management solution through a collaboration with Live Gamer, Inc. ( www.livegamer.com ). Complementing core competencies of the two companies, the proposed solution combines GCA’s casino cash management products with Live Gamer’s monetization and virtual currency solutions for the social and play for fun industry. GCA recognizes the dynamic environment gaming operators face and the evolving industry strategies essential in supporting the integration of land-based and online gaming initiatives. The proposed solution, expected to roll out in 2013, enables GCA clients to easily transition gaming activities from off-line to online and back, creating a seamless experience for the user. This...
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08/07/12
LAS VEGAS-(BUSINESS WIRE)-Aug. 7, 2012- Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) announced today financial results for the second quarter ended June 30, 2012. Second Quarter 2012 Highlights Operating income increased 125% quarter-over-quarter to $16.0 million EBITDA increased 68% quarter-over-quarter to $20.1 million Net income per share, on a diluted basis, increased 450% quarter-over-quarter to $0.11 Cash EPS increased 92% quarter-over-quarter to $0.23 “We are very pleased with the Company’s performance in the second quarter and for the first half of 2012. The Company is performing well in all segments and we continue to execute our plans and strategies. GCA continues to be well positioned for the second half of 2012,” said Scott Betts, CEO of Global Cash Access. “I am also pleased to announce that the Company has executed a letter of intent with Live Gamer. Live Gamer is a leading independent wallet, analytics and media supplier for the social gaming space...
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07/24/12
LAS VEGAS-(BUSINESS WIRE)-Jul. 24, 2012- Global Cash Access Holdings, Inc. (NYSE: GCA), today announced that it will host a conference call and webcast on Tuesday, August 7, 2012 at 5:00 p.m. ET to review its second quarter 2012 financial results. A press release with second quarter 2012 results will be issued shortly after the market closes on August 7, 2012. The conference call can be accessed live over the phone by dialing 877-941-2068 or for international callers by dialing 480-629-9712. 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 4552097. The replay will be available until August 14, 2012. 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 Global Cash Access Holdings, Inc., is a leading...
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06/05/12
LAS VEGAS-(BUSINESS WIRE)-Jun. 5, 2012- Global Cash Access Holdings, Inc. (NYSE: GCA), a global provider of innovative cash access, cash handling solutions and business intelligence services for gaming establishments, today announced the appointment of David B. Lopez to the position of President effective June 11, 2012. Chief Executive Officer, Scott Betts will remain in the Chief Executive position as well as continue to serve on the Company’s Board of Directors. In his role as President, Mr. Lopez will report to Mr. Betts and will assume responsibility for the company’s sales, product and operations areas. Mr. Lopez has extensive background in the gaming industry, joining GCA from his previous position of Chief Operating Officer for Shuffle Master, Inc. Mr. Lopez spent the past 12 years with Shuffle Master, holding various positions within the organization, as well as serving as a member of its Board of Directors. He also previously held positions with Stratosphere Tower and Casino...
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05/08/12
LAS VEGAS-(BUSINESS WIRE)-May. 8, 2012- Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) announced today financial results for the first quarter ended March 31, 2012. Fiscal First Quarter 2012 Highlights Operating income increased 69% quarter-over-quarter to $15.7 million EBITDA increased 51% quarter-over-quarter to $19.8 million Net income per share – diluted increased 267% quarter-over-quarter to $0.11 Cash EPS increased 133% quarter-over-quarter to $0.21 “We are very pleased to announce today the strong start to the year with positive quarter-over-quarter results in our base business. With the stabilization of our base business and the portfolio of contracts we acquired through the MCA acquisition, GCA is well positioned for 2012,” said Scott Betts, President and CEO of Global Cash Access. Fiscal First Quarter 2012 Results Revenues were $151.1 million for the first quarter 2012, as compared to revenues of $134.4 million for the prior year’s first quarter. First quarter...
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05/01/12
LAS VEGAS-(BUSINESS WIRE)-May. 1, 2012- Global Cash Access Holdings, Inc. (NYSE: GCA), today announced that it will host a conference call and webcast on Tuesday, May 8, 2012 at 5:00 p.m. ET to review its first quarter 2012 financial results. A press release with first quarter 2012 results will be issued shortly after the market closes on May 8, 2012. The conference call can be accessed live over the phone by dialing 877-941-1428 or for international callers by dialing 480-629-9665. 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 4535777. The replay will be available until May 15, 2012. 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 Global Cash Access Holdings, Inc., is a leading provider of cash...
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04/30/12
LAS VEGAS-(BUSINESS WIRE)-Apr. 30, 2012- Global Cash Access, Inc. ("GCA"), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA) and a global provider of innovative cash access, cash handling solutions and business intelligence services for gaming establishments, today announced that it has signed agreements with San Manuel Indian Bingo & Casino in Southern California. San Manuel Indian Bingo & Casino, a premier Southern California gaming facility, recently celebrated its 25th anniversary, has entered into agreements with GCA and certain of its affiliates to provide cash access services, ATMs, redemption devices and data intelligence services. "San Manuel is always looking to the future for partners who can bring innovation and new services to the property. San Manuel Casino's main priority is providing the best possible service to our guests, and our expanded relationship with GCA will ensure that these conveniences are accessible," said Steve Lengel,...
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03/13/12
LAS VEGAS-(BUSINESS WIRE)-Mar. 13, 2012- Global Cash Access Holdings, Inc. (NYSE:GCA), today announced that the Company plans to attend the following conferences in March: Today, March 13th, the Company will present at the 24th Annual ROTH Conference at the Ritz-Carlton in Laguna Niguel, CA. The presentation will begin at 5:00pm ET. Investors and interested parties can access this live presentation by visiting the Company's website at http://www.gcainc.com under the Investor Relations section. On Monday, March 19th, the Company will present at the Sidoti & Company 16th Annual New York Conference in New York, NY. The presentation will begin at 2:00pm 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 approximately 1,050 casinos and other gaming properties in the United States, Europe, Canada, the Caribbean,...
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03/06/12
LAS VEGAS-(BUSINESS WIRE)-Mar. 6, 2012- Global Cash Access Holdings, Inc. (the "Company") (NYSE:GCA) announced today financial results for the fourth quarter and year ended December 31, 2011. Fourth Quarter 2011 Highlights Operating income increased 40.6% quarter-over-quarter to $14.2 million EBITDA increased 33.3% quarter-over-quarter to $18.4 million Cash EPS increased 88.9% quarter-over-quarter to $0.17 Completed acquisition of substantially all of the assets of MCA Processing LLC “We are very pleased to announce today the strong finish to the year with positive quarter over quarter results in our base business that suggests some true signs of recovery for our industry. With the stabilization of our base business and the portfolio of contracts we acquired through the MCA acquisition, GCA is well positioned as we head into 2012”, said Scott Betts, President and CEO of Global Cash Access. Fiscal Fourth Quarter 2011 Results Revenue was $137.7 million in the fourth quarter 2011 as...
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02/29/12
LAS VEGAS-(BUSINESS WIRE)-Feb. 29, 2012- Global Cash Access Holdings, Inc. (NYSE:GCA), today announced that it will host a conference call and webcast on Tuesday, March 6, 2012 at 5:00 p.m. ET to review its fourth quarter and full year 2011 financial results. A press release with fourth quarter and full year 2011 financial results will be issued shortly after the market closes on March 6, 2012. The conference call can be accessed live over the phone by dialing (877) 941-2068 or for international callers by dialing (480) 629-9712. 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 4520828. The replay will be available March 13, 2012. 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 Global Cash Access...
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