Global Cash Access Signs Sponsorship Agreement with Macau Bank to Provide Full Suite of Products and Services
LAS VEGAS--(BUSINESS WIRE)--Nov. 1, 2006--Global Cash Access (GCA), a leading provider of cash access products and related services to the gaming industry, announced its entrance into the Macau and Asia Pacific region with its signing of a sponsorship agreement with Banco Weng Hang S.A. The agreement enables GCA (Macau) S.A. to offer Macau operators its full suite of technology, products and services, including the processing of both PIN and signature-based bank card transactions. "It was critical for GCA to find the right partner in Macau to service our existing customers and build new relationships. With Banco Weng Hang S.A., we've found a reputable, forward-thinking partner eager to introduce GCA to the world's fastest growing and most dynamic gaming market," says Kirk Sanford, president and chief executive officer of GCA. "Our mandate is to deliver new technologies and products that result in more transactions, more cash on the casino floor and increased convenience for gaming patrons. I would also like to thank our GCA and Banco Weng Hang colleagues for all the hard work and dedication required to form this forward-thinking partnership." "GCA's success worldwide and flexibility within quickly expanding markets such as ours will be greatly beneficial to Macau patrons and casino operators. We're proud of our 40 year history in Macau and look forward to a long-standing, highly successful partnership," said Lee Tak-Lim, general manager and director of Banco Weng Hang S.A. GCA will offer Macau casinos a number of products and services, including ATM technology, cashless gaming products and marketing services. Casino patrons will have improved access to cash and casinos will better understand and service their patrons through an array of GCA powered marketing applications. Products and services include: QuikCash Plus(TM) 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. QuikCash(TM) cash advance terminals are customer-activated, touch screen terminals that provide casino patrons with point-of-sale (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. The 3-in-1 Enabled QuickJack(TM)Plus is a multi-function patron kiosk that incorporates the 3-in-1 rollover functionality for cash access into self-service kiosks for slot ticket redemption services provided by NRT Technology Corporation. Central Credit, a wholly-owned subsidiary of GCA, is the leading source for gaming credit information with a proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide. To allow gaming establishments to improve their credit-making decisions, Central Credit offers a variety of tools, including check verification, underwriting of gaming patron credit requests, pre-approved credit screening and gaming credit reports. EDITH (Electronic Debit Interactive Terminal Housing) is a compact kiosk placed at the end of a row of slot machines where it allows casino patrons to purchase slot, or ticket-in ticket-out (TITO), vouchers with their debit card. EDITH is reliable and simple to use. Patrons simply insert and remove their debit card, enter their personal identification number (PIN) and request an amount. Upon approval of the transaction, a bar-coded slot voucher is then dispensed from EDITH's voucher printer. An optional receipt is also provided upon the patron's request. The bar-coded slot voucher may then be inserted into a TITO-enabled slot machine or redeemed at a cashier station. TODD (Ticket-Out Debit Device) enables patrons using debit cards to print slot vouchers at the slot machine. When a slot machine is equipped with TODD, patrons simply swipe their debit card and enter their PIN and requested amounts. Funds, if approved, are credited to the machine or a slot voucher can be printed if requested. About Global Cash Access, Inc. Las Vegas-based Global Cash Access, Inc., a wholly-owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA - News), 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 and the Caribbean. 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 neither Global Cash Access Holdings, Inc. nor Banco Weng Hang S.A. intend, and undertake no obligation to, update or qualify any of the forward-looking statements made herein. Banco Weng Hang S.A. takes no responsibility for the contents of this release, makes no representation as to its accuracy or completeness and expressly disclaims any liability for any loss however arising from or in reliance upon the whole or any part of the contents of this release. CONTACT: Katcher Vaughn & Bailey
Global Cash Access
Investors:
Harry C. Hagerty, CFO, 702-262-5003
hhagerty@gcamail.com
Media:
Eric Davis, 615-248-8202
edavis@kvbpr.com
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