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8-K - FORM 8-K - Everi Holdings Inc. | c05594e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - Everi Holdings Inc. | c05594exv10w1.htm |
EX-10.3 - EXHIBIT 10.3 - Everi Holdings Inc. | c05594exv10w3.htm |
EX-10.2 - EXHIBIT 10.2 - Everi Holdings Inc. | c05594exv10w2.htm |
Exhibit 99.1
GLOBAL CASH ACCESS NAMES CHIEF FINANCIAL OFFICER
AND APPOINTS DIRECTOR
AND APPOINTS DIRECTOR
LAS
VEGAS (September 2, 2010) Global Cash Access Holdings, Inc. (NYSE: GCA), the gaming industrys
leading provider of cash access services, has named Mary E. Higgins, executive vice president and
chief financial officer. Ms. Higgins will assume her responsibilities on September 14, 2010.
Additionally, GCAs board of directors has appointed Michael Rumbolz as a member of the board,
effective immediately.
Ms. Higgins has served as the chief financial officer of Herbst Gaming, Inc. since 2000. Herbst
Gaming, Inc. is a diversified, multi-jurisdictional gaming company with 15 casino properties
located in Nevada, Missouri and Iowa and is one of the largest slot route operators in Nevada.
During her tenure with Herbst Gaming, Inc., Ms. Higgins was responsible for all facets of financial
management, including financial controls and reporting, taxation, financial planning, treasury, and
investor relations.
Mr. Rumbolz most recently acted as an independent consultant to GCA and previously was the chairman
and chief executive officer of Cash Systems, Inc., a competitor of GCAs that was acquired by GCA
in 2008. Mr. Rumbolz is also the former vice chairman of the board of Casino Data Systems, was the
president and chief executive officer of Anchor Gaming and the president of Casino Windsor at the
time of its opening. He additionally has served as a member and subsequently the chairman of the
Nevada Gaming Control Board, and is the former chief deputy attorney general of the State of
Nevada.
Were excited to have Mary Beth join our executive management team. She is a seasoned financial
executive with a strong background in both the operations and cash management sides of the casino
industry. We believe that Mary Beths leadership and years of experience in complex financial
management in a public company setting as well as her proven record of revenue growth will serve us
well as we continue our efforts of fully integrating cash access technologies on the gaming floor
said Scott Betts, GCAs president and chief executive officer.
Similarly, Mikes years of experience in virtually all facets of the gaming industry will be a
valuable asset to our board of directors. Mike already has a proven track record with GCA and was
an invaluable asset in our obtaining the Nevada Gaming Control Boards approval of QuikTicket.
Both these appointments bring a wealth of industry experience to GCA, strengthening our customer
focus as we continue to pursue our strategy of innovation in the industry, concluded Mr. Betts.
About Global Cash Access
Global Cash Access, Inc., a wholly owned subsidiary of Global Cash Access Holdings, Inc. (NYSE:
GCA), is the worlds leading provider of cash access and related services to the gaming industry.
Based in Las Vegas, GCA serves approximately 1,000 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 access transactions for their casino entertainment. GCA also
provides services that enhance casino marketing initiatives and credit decision-making through its
wholly owned subsidiary Central Credit LLC, 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. For more
information, visit www.gcainc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Important factors that may cause actual events
or results to differ materially from those anticipated by such forward-looking statements include,
without limitation, statements regarding our beliefs regarding the benefits of Ms. Higgins and Mr.
Rumbolzs prior experiences, GCAs financial position and product innovation. These
forward-looking statements are not guarantees of future performance and are subject to a number of
risks and uncertainties that could cause actual results to differ materially from the results
implied or contemplated by the forward-looking statements. These forward-looking statements are
subject to the risks detailed in the GCAs filings with the Securities and Exchange Commission,
including the most recently filed Form 10-Q and Form 10-K.
GCA does not intend or assume any obligation to update any forward-looking statements. Readers are
cautioned not to place undue reliance on forward-looking statements, which speak only as of the
date of this press release.
INVESTOR CONTACT:
Don Duffy, ICR
203-682-8200
IR@gcamail.com
Don Duffy, ICR
203-682-8200
IR@gcamail.com
MEDIA CONTACT:
Liz Brady, ICR
646-277-1226
Liz.Brady@icrinc.com
Liz Brady, ICR
646-277-1226
Liz.Brady@icrinc.com
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