Global Cash Access cash access solutions and data intelligence for the gaming industry will be showcasing its recent innovations in marketing technology and cash access products at Booths #2221 and #2719 at this yearâs Global Gaming Expo (G2E), being held at the Las Vegas Convention Center from November 16-18. The Company will demonstrate its proprietary marketing and business intelligence tool, Casino Share Intelligence (CSI), which is a Web-based data analysis platform providing fast, detailed access to âshareâ trends in a subscriberâs market through a secure internet dashboard.
Global Cash Access has signed a deal to acquire Certegy Gaming Services from Fidelity National Transaction Services. GCA will acquire all of CGS’ issued shares of stock for a purchase price of $25 million, and CGS will become a wholly owned GCA subsidiary. In addition, GCA will replace CGS’ cash currently held in CGS’ ATM machines and cages located at its customer premises. GCA will gain approximately 100 new employees as a result of the acquisition. CGS provides cash access services to approximately 130 gaming properties in the U.S. and the Caribbean. Goldman, Sachs & Co. acted as financial advisor to GCA and Morrison & Foerster LLP acted as legal advisor to GCA.
Global Cash Access (GCA) S.A. will be providing cash access services
in The Venetian Macao Resort, owned by Las Vegas Sands Co., which
will be composed of 3,000 rooms, 7,000 slot machines, 850 gaming
tables, and 1 million square feet of retail space. In an effort for global
expansion, GCA’s agreement with The Venetian Resort will provide the
casinos’ customers with credit card cash advances, debit card withdrawal
transactions from GCAÃÂ¢ÃÂs in-casino QuikCash kiosks, and a 3-in-1 ATM
functionality to automated slot redemption. GCA serves over 1,100 casinos
in the U.S., Canada, Europe, the Caribbean and Asia and provides
proprietary technology for access to cash via ATM, debit card, check
cashing and credit card cash advance transactions.
The casino-based “Arriva Card” is planning to add a set of new perks including five-star concierge services. It is the first credit card to treat casino cash advances as purchases and not as traditional cash advances. The new services will include transportation, accommodations, dining, and daytime and evening entertainment, plus VIP event access, golf outings, spa services, shopping excursions and tours of the Las Vegas region. Striker VIP will provide the new services. The “Arriva Card” also offers an instant credit line up to $10,000. Cardholders also receive 25% to 50% reduced casino service fees on “Arriva Card” cash advance transactions, complimentary accommodations with qualifying “Arriva Card” purchases up to $500 in free slot play with eligible “Arriva Card” enrollment and/or usage, $50 gift cards with “Arriva Card” cash advance purchases and up to 10,000 free players club points with play with eligible “Arriva Card” cash advance purchases. The “Arriva Card” was introduced to responsible in-casino cash advance customers with strong credit histories nine months ago and is issued by CIT Bank.
Global Cash Access(GCA) has announced that it will be providing
Partouche Group casino customers with cash access. In doing so,
GCA will install “QuickCash” kiosks in the casinos and credit card
cash advance transactions through cashiers, whom will be using
the GCA “QuikCash Plus Web browser”. The GCA “QuikCash Plus
Web browser” speeds transactions, thus improving customer service.
GCA provides over 1,000 casinos around the world with cash access
products for their patrons.
Global Cash Access has signed a deal with France’s Partouche Group. Partouche operates 50 properties in France and eight others in Belgium, Switzerland and Spain. Partouche will now offer in-casino “QuikCash” kiosks, as well as GCA’s “QuikCash Plus” Web browser, which streamlines and speeds transactions and improves customer service. Based in Las Vegas, GCA serves over 1,000 casinos and other clients in the U.S., Canada, Europe, the Caribbean and Asia.
GCA has initiated a “Bounty Program” for its “Arriva Card,” the first credit card designed specifically for use in casinos. Casinos receive a cash reward for each new Arriva account if the application comes via channels such as casino mailings, newsletters and Web sites. Arriva has already extended over $40 million of credit to responsible gaming patrons. Cardholders use the card to get better terms for in-casino cash advances and to receive points for cash back and other valuable rewards. Approved applicants receive an Arriva card within minutes, with up to $10,000 of credit – at no risk to the casino. More than 75 casino properties now benefit from Arriva Card on Demand. CIT Bank is the issuer of the card, and Arriva Card, Inc. is the administrator and servicer of Arriva Card accounts.
GCA’s “Arriva Card” is now offering instant credit at 75 US casinos. The program makes it simple for casinos to extend immediate credit Casinos simply input an instant credit application for the customer through Arriva’s online proprietary scoring engine and within minutes an approved customer gets an “Arriva Card” with up to $10,000 of credit, with no risk to the casino and the customer has immediate access to their credit line. Since it was first introduced in July 2006, Arriva has extended more than $40 million of credit to responsible gaming patrons. Global Cash Access is a provider of cash access products and related services to gaming properties
“Arriva” Cardholders using the card for cash advances at 70 casinos are now eligible for exclusive bonuses and promotions. Cardholders can now enjoy 25 – 50% reduced casino service fees on “Arriva Card” cash advance transactions, complimentary accommodations with qualifying “Arriva Card” purchases up to $500 in free slot play with eligible “Arriva Card” enrollment and/or usage, $50 gift cards with “Arriva Card” cash advance purchases and up to 10,000 free players club points with play with eligible “Arriva Card” cash advance purchases. The “Arriva Card” was introduced to responsible in-casino cash advance customers with strong credit histories six months ago in a limited initial launch and is issued by CIT Bank.
Global Cash Access reports that its “Arriva Card” subsidiary has completed more than $15 million in cash advance transactions. The new card was introduced about six months ago and is the first credit card designed for use in casinos. GCA says “Arriva Card” cash advance transactions at casino ATM machines are 115% larger and “signature-based” cash advance transactions are 72% larger than these kinds of transactions with other cards. The new card offers a true grace period on cash advances; gives reward points for cash advances; allows cash advances of the entire credit line; and charges lower fees and interest rates on cash advances than many credit cards. The “Arriva Card” can be used in the 800-plus casino locations in the U.S. and Caribbean that are GCA customers. CIT Bank is the issuer of the card.
Las Vegas-based Global Cash Access reports that its new “Arriva Card,” the first credit card specifically for use in casinos, now offers instant underwriting of credit up to $20,000. The customer has immediate access to the full credit line at the casino. Arriva cards give responsible gaming patrons with strong credit and in-casino cash advance histories more access to cash – and at better terms – than they’d typically have with traditional credit cards. Global Cash Access, Inc. (GCA), 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 1060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean.
Global Cash Access’ “Arriva” casino credit card is off to a flying start, signing-up more than 1,000 gaming patrons in its first few weeks. The card has achieved $2.5 million in transactions and has shown a direct mail response rate of over 1.36% by high-quality credit-worthy customers. The new card offers a grace period on cash advances; gives rewards for cash advances; allows cash advances on the entire credit line and charges lower fees and interest rates on cash advances than many credit cards. (CF Library 5/8/06)