GCA announces 20 new casino deals
December 19
In Las Vegas, a
company that rents cash access machines built with automated-teller-machine technology to casinos has revealed that it has signed or renewed some 20 different deals. Global Cash Access, which has approximately 960 agreements around the world, revealed that 2 of the 20 new deals are with Southern Nevada casino properties. The 2 properties are the Westward Ho and Jerry's Nugget.
At this time, the d
etails and terms of the deals have not been specified publicly. Global Cash Access provides credit and debit cash advance systems. Some of the names of the machines are TeleCheck Check Guarantee, QuikCash Cash Advance and Casino Cash Plus 3-in-1 ATM.
In 2003, GCA processed more than 60 million transactions on its machines, generating well over
$356 million in revenue. The company is owned by Summit Partners, M&C International and Bank of America.
Some of the properties or companies that offer these machines are Trump Hotels and Casinos, Mohegan Sun, Penn National Gaming, Caesar's Entertainment, Mandalay Resort Group and Foxwoods Resort and Casino.