Global Cash Access Holdings announced that Global Cash Access has entered into a definitive agreement to acquire substantially all of the assets of MCA Processing. 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.
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 www.gcainc.com.