Global Cash Access reports quarter results

12 August 2008

AS VEGAS, Nevada -- (PRESS RELEASE) -- Global Cash Access Holdings, Inc. (NYSE:GCA) ("GCA" or the "Company") today announced preliminary, unaudited financial results for the quarter ended June 30, 2008.

Summary Results

For the quarter ended June 30, 2008, revenues were $166.8 million, an increase of 11% over the $150.8 million in revenues recorded in the same quarter last year. Operating income was $20.6 million and income from continuing operations was $8.5 million in the first quarter of 2008. Operating income and income from continuing operations in the prior year equivalent quarter were $23.7 million and $9.3 million, respectively.

The Company's results for the quarter include the operations of Certegy Gaming Services, Inc. beginning April 1, 2008.

The Company also previously announced the closing of the acquisition of Cash Systems, Inc. effective August 7, 2008.

"We are quite pleased with these results," said Scott Betts, President and Chief Executive Officer of GCA. "Despite the significant weakness in the gaming sector, our strategy is yielding growth on the top line and resilience on the bottom line. Our strong financial position and emphasis on execution has allowed us to make two important acquisitions that we believe will continue to drive growth in this tough market. Additionally, we are making investments in operational improvements and product innovation with the objective of providing our customers with new and better products and positioning the Company to compete in markets around the globe."

Related Links

Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
Launch your online betting site w/ the latest technologies on IGPIXEL's advanced iGaming platform
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
Your Guide to 3,579 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook