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The Venetian Macao Engages Global Cash Access to Provide State-of-the-Art Cash Access Services: First Casino Scheduled to Open on Macau's Cotai S
LAS VEGAS (BusinessWire EON) July 25, 2007 -- GCA, the gaming industry's leading provider of cash access services, supplies over 1,000 casinos and other gaming properties worldwide with products and services that help patrons gain more convenient access to cash - and enable gaming operators to improve operations and better serve, understand, attract and retain customers.
The Venetian Macao is scheduled to be the first casino resort hotel to open on the Cotai Strip and will be one of the largest buildings in Asia. When completed, it is expected to occupy 10.5 million square feet and to have approximately 3,000 rooms, 7,000 slot machines, 850 gaming tables and 1 million square feet of retail space, according to Venetian Macao materials.
Said GCA's CEO, Kirk Sanford, "We're delighted to help The Venetian Macao give its customers convenient access to cash - and help the casino itself operate more effectively and profitably. Because The Venetian Macao is using many integrated GCA services, it will be able to focus on the patron experience and leave details related to cash access to us."
GCA will provide The Venetian Macao with efficient credit card cash advance and debit card withdrawal transactions for patrons - from GCA's in-casino QuikCash kiosks, as well as from cashiers and via mobile devices. GCA will also add its patented 3-in-1 ATM functionality to automated slot redemption kiosks provided by NRT Corporation. Casino personnel will benefit from GCA's QuikCashPlus Web browser, which streamlines transactions and improves customer service. The Venetian Macao will also utilize Central Credit, a proprietary database of gaming patron credit history and transaction data designed to help casinos improve their own credit-making decisions.
The agreement with The Venetian Macao is the newest step in GCA's global expansion strategy. Earlier this year, GCA opened a full-time office and product demonstration facility in Macau and late last year, GCA entered its first agreement to provide cash access services to another of Macau's leading gaming operators.
"Casinos recognize that they need more than just convenient access to cash for their customers. They require a suite of services that make the gaming experience seamless and convenient for everyone, including casino management and employees. That's why we design our services to promote cage efficiencies, help the gaming operator understand its customers and, overall, enhance operational effectiveness," said Scott Dowty, GCA's senior vice president in charge of international business.
About GCA (Macau), S.A.
GCA (Macau), S.A. is wholly owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), which is the world's leading provider of cash access and related services to the gaming industry. Based in Las Vegas, GCA serves over 1,100 casinos and other clients in the U.S., Canada, Europe, the Caribbean and Asia. With a singular focus on the worldwide casino industry, GCA provides proprietary technology that helps responsible patrons access cash via ATM, debit card, check cashing and credit card cash advance transactions for their gaming entertainment. GCA also provides services that enhance casino marketing initiatives and credit management through its wholly-owned subsidiary Central Credit, a credit decision-making tool that uses proprietary credit bureau databases. GCA is recognized with numerous gaming industry awards for developing technologies and services that enhance casino profitability and customer loyalty. www.globalcashaccess.com.
Forward Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, but are not limited to, any statement or implication that the gaming establishment 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 cause actual results to differ materially from those contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to, (a) the termination of one or more of the contracts with the gaming establishment described in this press release, (b) changes in regulations governing our business in the country discussed in this press release, (c) the commencement of business of the gaming established discussed in this press release in the time period and with the facilities described herein, and (d) the risk factors discussed from time to time in reports filed by Global Cash Access Holdings, Inc. with the SEC. The forward-looking statements contained in this press release se are made as of the date hereof, and Global Cash Access Holdings, Inc. does not intend, and undertakes no obligation to, update any of the forward-looking statements made herein except as required by law.
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