Global Cash Access (GCA) Discloses Notice of Intent to Deny State Certification from the Arizona Department of Gaming

June 10, 2009 10:59 AM EDT

Global Cash Access (NYSE: GCA) disclosed in an 8-K filing that in recently received a Notice of Intent to Deny State Certification from the Arizona Department of Gaming. The Notice summarizes the basis for the Department's intention and alleges that GCA, its founding stockholders and certain of GCA's management undertook actions that demonstrate that GCA is not suitable under the Department's standards to act as a provider of gaming services to Native American tribes conducting gaming in Arizona.

The Notice provides GCA with the right to an informal settlement conference as well as a formal hearing before an Administrative Law Judge in Arizona. GCA intends to seek the holding of the informal settlement conference prior to July 15, 2009, and the holding of the formal hearing, if necessary, as soon as possible thereafter. In the meantime, absent further action by the Department that prohibits GCA from doing so, GCA intends to continue its operations in Arizona in the ordinary course of business.

GCA takes the Notice and the allegations made therein very seriously. GCA believes that it has taken appropriate actions during the prior twenty months that will permit GCA to fully demonstrate that it should be considered suitable for certification by the Department. Many of these actions involve the termination of GCA's relationships with certain affiliated parties and have been previously publicly communicated and provide the basis for GCA's belief that GCA is in fact suitable to act as a provider of gaming services to Native American tribes conducting gaming in Arizona.

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