Casino news source: Business Wire - http://home.businesswire.com
Global Cash Access and Virgin River Casino, Oasis Casino and Casablanca Casino Extend Services Agreements
LAS VEGAS--(BUSINESS WIRE)--Global Cash Access, Inc. (GCA), a leading provider of cash access products and related services to the gaming industry, has signed a multi-year extension to its current agreement with Virgin River Casino, Oasis Casino and Casablanca Casino.
Under the agreement, Virgin River Casino, Oasis Casino and Casablanca Casino will take advantage of GCA’s latest products and services, including CasinoCash Plus® 3-in-1 ATM, QuikCash Plus™ (QCP) Web, Arriva Card, and QuikCash™ cash advance terminals.
“We’re proud to build on our partnership with Virgin River Casino, Oasis Casino and Casablanca Casino, and appreciate their continued trust in our ability to provide the latest technology and convenient services offered to their patrons,” said Diran Kludjian, executive vice president of sales for GCA. “The signing of these agreements validates the success of our strategy to focus on providing our partner casinos with the tools they need to move to higher levels of efficiency and revenue generation. In addition, our continued partnership enables GCA to further integrate our cashless gaming solutions and extend our Arriva Card brand to their casinos.”
The three casino properties encompassed by the contract – Virgin River Casino, Oasis Casino, and Casablanca Casino – are located in Mesquite, Nevada.
CasinoCash Plus 3-in-1 ATM offers patrons a quick way to access cash through ATM cash withdrawals, point-of-sale (POS) debit card transactions and credit card cash advances with patented 3-in-1 rollover functionality. One of GCA's most popular ATMs, the Casino Cash Plus 3-in-1 ATM, provides convenience to casino patrons and revenue potential to casino operators.
QCP Web is a proprietary browser-based, full service cash access transaction processing system for casino cashier operations. It processes multiple financial transactions through one device, streamlining operations and increasing the speed of transactions.
Arriva Card, a product of Arriva Card, Inc., a wholly owned subsidiary of Global Cash Access, Inc. and issued by CIT Bank, is the first credit card specifically designed for use in casinos and has many features not typically available with most traditional credit cards, including potentially better rates and terms on cash advances and an exclusive loyalty program. Arriva also benefits casino operators by providing their guests with a new source of credit, at no risk to the casino operator.
QuikCash cash advance terminals are customer-activated, touch screen terminals that provide casino patrons with POS debit card and credit card cash advance transaction options. Available in kiosk, countertop, wall-mount, free-standing and handheld models, QuikCash terminals can be installed virtually anywhere in a gaming establishment.
About Global Cash Access, Inc.
Las Vegas-based Global Cash Access, Inc., a wholly owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada, the Caribbean and Asia. GCA's products and services provide gaming establishment patrons access to cash through a variety of methods, including ATM cash withdrawals, POS debit card transactions, credit card cash advances, check verification and warranty services and Western Union money transfers. GCA 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 www.globalcashaccess.com.
Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such forward-looking statements include, but are not limited to, any statement or implication that the gaming establishments named in this press release will continue to use the products or services described in this press release. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair Global Cash Access Holdings, Inc.'s results of operations, business, and financial condition. These risks and uncertainties include, but are not limited to, (a) our ability to enter into agreements with Macau gaming operators, (b) the expansion and growth of the gaming market in Macau, (c) the factors discussed from time to time in reports filed by Global Cash Access Holdings, Inc. with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof, and Global Cash Access Holdings, Inc. neither intends nor undertakes an obligation to update or qualify any of the forward-looking statements made herein. |
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