weather icon Clear

Global Cash Access posts quarterly profit, signs Scientific Games deal

Global Cash Access Holdings Inc., parent company of Global Cash Access Inc., earned $6.67 million, or 10 cents a share, for the second quarter, compared with $6.86 million, or 11 cents a share, for the same period last year, the company said Tuesday.

Las Vegas-based Global Cash Access provides some 1,0000 casino customers with access to cash through a variety of methods, including ATM machines, debt card and credit card transactions, check verification and money transfers.

Revenues were $149.1 million, compared with $147.5 million last year.

Analysts surveyed by Yahoo Finance expected earnings of 20 cents a share on revenue of $147.9 million. Shares of Global Cash Access lost 12 cents, or 1.60 percent, to $7.37 on the New York Stock Exchange.

The company also reaffirmed its estimates for 2013 with earnings per share between 74 cents and 83 cents a share. Global Cash Access confirmed Tuesday it has signed a deal with Scientific Games to provide cash access and wallet services for its U.S. based Internet lottery clients.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893. Follow @sierotyfeatures on Twitter.

Don't miss the big stories. Like us on Facebook.
MGM Resorts makes changes in corporate leadership team

The changes come just months after MGM Resorts International reorganized its leadership at the property level, according to a memo sent by CEO and President Bill Hornbuckle on Friday and obtained by the Review-Journal.