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4-Traders Homepage  >  Equities  >  Nyse  >  Everi Holdings Inc    

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GCA Extends and Expands Business Relationship With Station Casinos

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08/01/2014 | 11:20pm CET

LAS VEGAS, Aug. 1, 2014 (GLOBE NEWSWIRE) -- Global Cash Access, Inc. ("GCA"), a wholly-owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE:GCA) and a global provider of integrated, cash-to-floor and compliance solutions for gaming establishments, today announced that it has been awarded a comprehensive, five year contract with one of its top customers, Station Casinos, and will begin to provide its full suite of cash-to-floor and compliance solutions across all Station properties, including Green Valley Ranch Resort, Red Rock Resort and Wildfire properties.

"We are delighted to expand our relationship with one of our top customers and to showcase the benefits that our fully integrated suite of cash-to-floor and compliance solutions can provide to premier gaming operators like Station Casinos," remarked David Lucchese, EVP, Client Operations at GCA.

GCA's integrated kiosk platform delivers superior feature functionality and ease in delivering increased cash to the casino floor and profitability to GCA's customers; while at the same time, can be combined seamlessly with GCA's anti-money laundering and other compliance solutions through Cash Club, GCA's upgraded cage application, to help GCA's customers efficiently meet their compliance obligations in an increasingly complex regulatory environment. 

"We have chosen GCA to be our primary provider of cash-to-floor solutions across our portfolio of properties because of their commitment to providing innovative and comprehensive solutions to address Station's complex cash access and compliance requirements. We are excited to expand and deepen our strategic relationship with GCA," noted Marc Falcone, Executive Vice President, Chief Financial Officer and Treasurer of Station Casinos. 

About GCA

Las Vegas-based Global Cash Access, Inc. ("GCA"), a wholly-owned subsidiary of Global Cash Access Holdings, Inc., is a leading provider of fully integrated cash access solutions and related services to the gaming industry. GCA's products and services provide: (a) gaming establishment patrons access to cash through a variety of methods, including Automated Teller Machine ("ATM") cash withdrawals, credit card cash access transactions, point-of-sale ("POS") debit card transactions, check verification and warranty services and money transfers; (b) integrated cash access devices and related services, such as slot machine ticket redemption and jackpot kiosks to the gaming industry; (c) products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; (d) compliance, audit and data solutions; and (e) online payment processing solutions for gaming operators in States that offer intra-state, Internet-based gaming and lottery activities. More information is available at GCA's website at www.gcainc.com.

About Station Casinos      

Station Casinos LLC is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station's properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Casino Spa, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Fiesta Rancho Casino Hotel, Fiesta Henderson Casino Hotel, Wildfire Rancho, Wildfire Boulder, Wild Wild West Gambling Hall & Hotel, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem and Wildfire Lake Mead. Station also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Lanes and Casino and The Greens.

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 GCA's strategy, products, services and solutions offered by GCA and its affiliates, the competitive position of GCA and the expectations of its customers, the anticipated commercial and economic benefits of the products, services and solutions offered by GCA in combination with or through its affiliates,  and our anticipated benefits of our long-term strategy and our ability to integrate and develop our technologies on an on-going basis. 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 Global Cash Access Holdings, Inc.'s filings with the Securities and Exchange Commission, including the most recently filed Form 10-Q or 10-K, as applicable. GCA 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.

CONTACT: Investor Relations
         (702) 262-5068
         ir@gcamail.com

Global Cash Access, Inc. logo


© GlobeNewswire 2014
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Financials ($)
Sales 2017 890 M
EBIT 2017 71,9 M
Net income 2017 -31,9 M
Debt 2017 1 102 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 1,56x
EV / Sales 2018 1,54x
Capitalization 290 M
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Average target price 5,00 $
Spread / Average Target 14%
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NameTitle
Michael D. Rumbolz President, Chief Executive Officer & Director
E. Miles Kilburn Chairman
Randy L. Taylor Chief Financial Officer & Executive Vice President
Geoff P. Judge Independent Director
Ronald V. Congemi Independent Director
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