Results declared of Global Cash Access
August 13th, 2008
12 August 2008- Las Vegas, Nevada- The unaudited, preliminary financial results of Global Cash Access (GCA), is declared for the quarter, which ended June 30, 2008.
The revenue of the quarter that ended June 30, 2008 was 166.8 million dollars, which is seeing an 11 percent increase from past year. The operating income was deduced at 20.6 million dollars whereas the continuing operations income was 8.5 million dollars.
The President and Chief Executive Officer of GCA, Scott Betts says- “We are quite pleased with these results. Despite the significant weakness in the gaming sector, our strategy is yielding growth on the top line and resilience on the bottom line. Our strong financial position and emphasis on execution has allowed us to make two important acquisitions that we believe will continue to drive growth in this tough market. Additionally, we are making investments in operational improvements and product innovation with the objective of providing our customers with new and better products and positioning the Company to compete in markets around the globe.”