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News

First Data Corp. Sells Majority Interest in Global Cash Access (GCA)

Wednesday 10 March 2004 16:32 CET | News

First Datas 67 percent interest in GCA Holdings LLC, the parent holding company of Global Cash Access LLC (GCA), was repurchased as part of a recapitalization of GCA. GCA is a leading supplier of cash access and customer relationship marketing technologies to the gaming industry. M&C International Inc., GCAs founder, now owns slightly more than 95 percent of GCAs parent holding company and Bank of America Corporation owns the remainder. GCA will continue to offer First Data products and services to the gaming industry, including Western Union Money Transfers and TeleCheck check guarantee services. First Data, Bank of America and M&C International formed GCA in 1998 to provide cash advance and related services to the gaming industry.

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