Global Cash Access Receives Gaming Approval for QuikTicket Field Testing in Nevada


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 Program (STeP), a key element of GCA's responsible gaming initiative that allows patrons to exclude themselves from access to their own funds from any cash access device within GCA's network.

"We are very pleased with the decision and look forward to QuikTicket's beta-testing in Nevada," commented Scott Betts, president and chief executive officer of GCA. "Today's consumer is accustomed to cashless transactions, as evidenced by the increasing use of debit and credit cards in all areas, and we believe this technology represents the next step in the evolution of cashless gaming. QuikTicket will provide a convenient, efficient and safe option for patrons to fund their gaming activities, while providing casinos additional options for limiting their vulnerability to theft and reducing cash handling costs on the casino floor."

Once GCA has finalized receipt of the required approvals from the VISA and MasterCard card associations and a beta-site is selected, a product field trial will commence with the approval of the Nevada Gaming Control Board Technology Lab. Upon the successful completion of the field trial, the NGCB will issue an associated equipment approval for the product, allowing installation and full commercialization of QuikTicket in Nevada. GCA intends to seek approval of QuikTicket in additional gaming jurisdictions.

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 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

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include, without limitation, statements regarding the commercialization of QuikTicket, the expected commercial, economic and security benefits, the receipt of required approvals from the Visa and MasterCard card association and the success of the required field trial in Nevada. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the results implied or contemplated by the forward-looking statements. These forward-looking statements are subject to the risks detailed in the Company's filings with the Securities and Exchange Commission, including the most recently filed Form 10-Q or 10-K, as applicable. The Company does not intend or assume any obligation to update any forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

SOURCE: Global Cash Access Holdings, Inc.

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