GCA to Acquire Certain Assets of MCA Processing LLC


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 close later in November and is subject to the fulfillment of customary closing conditions. Terms of the transaction were not disclosed. MCA was represented by Rossoff & Co, LLC.

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. All statements included in this press release, other than statements that are purely historical, are forward-looking statements. Words such as "going forward," "believes," "intends," "expects," "forecasts," "anticipate," "plan," "seek," "estimate" and similar expressions also identify forward-looking statements. Forward-looking statements in this press release include, without limitation, (a) our belief that our proposed acquisition of MCA 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; and (b) our belief that the closing of the MCA acquisition will occur in later in November.

The forward-looking statements in this press release are subject to additional risks and uncertainties set forth under the heading "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our filings with the Securities and Exchange Commission, including, without limitation, our registration statement on Form S-1 (No. 333-133996), our Annual Report filed on Form 10-K (No. 001-32622) on March 14, 2011 and subsequent reports filed thereafter, and are based on information available to us on the date hereof. We do not intend, and assume no 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.

About Global Cash Access Holdings, Inc.

Las Vegas-based Global Cash Access, Inc., 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 and related software. 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 http://www.gcainc.com.

SOURCE: Global Cash Access Holdings, Inc.

Don Duffy, 203-682-8215
Investor Relations
Liz Brady, 646-277-1226
Media Relations

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