News

GCA to acquire MCA assets

November 3, 2011

Global Cash Access has entered into an agreement to acquire the assets of MCA Processing, a provider of ATM, debit card, and credit card cash access services to gaming establishments that also manufactures, sells, licenses and services redemption kiosk devices.

"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 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.

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.

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