Thursday, May 31, 2007

Financial Arms Dealer to the Casino


Global Cash Access - symbol GCA - bet you've never heard of it. Believe it or not, if you have ever strolled through a casino, they were all around you. This shop is the primary banking service company to the casino market. Heck, they have a $1.4 billion cap, been around almost ten years, went public in late 2005. If you need financial sector exposure, this one makes sense to me. They offer cash advance service, ATM transactions and terminal services, game machine redemption kiosks, and the industry’s first credit card just for casino clients. They are embedded into the casino environment, even offering customer intelligence type reports to casino executives. This allows casinos the ability to track customer cash access and transaction activity, as well as offer lines of credit, check verification, and other money transfer services. Think of GCA as the primary arms dealer banking company that allows for smooth cash movement in and around the casino floor. Pretty cool huh. On the other hand, if you must withdraw cash from one of their ATMs, you're probably in over your head!!

No comments: