Global Cash Access gets gaming approval in Nevada

27 July 2010

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Global Cash Access Holdings, 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.

Related Links
Nevada Online Gambling

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