Global Cash Access Announces Certain Preliminary Estimated Results for the Year Ended December 31, 2012 and a Preliminary

  Global Cash Access Announces Certain Preliminary Estimated Results for the
  Year Ended December 31, 2012 and a Preliminary Estimated Outlook for the
  Year Ended December 31, 2013

Business Wire

LAS VEGAS -- February 6, 2013

Global Cash Access Holdings,Inc. (the “Company”) (NYSE: GCA) announced today
certain preliminary estimated results for its fiscal year ended December 31,
2012 and a preliminary estimated outlook for its fiscal year ending December
31, 2013. The Company will provide updated results for the year ended December
31, 2012 and an updated outlook for the year ending December 31, 2013 on its
investor conference call that it intends to host in March 2013.

Certain Preliminary Unaudited Results for the year ended December 31, 2012

Although the Company is still in the process of closing its books and
preparing its financial statements for the year ended December 31, 2012, the
Company preliminarily estimates that cash earnings per share will be at the
high end of the range of the Company’s prior outlook of $0.81 to $0.84 and
Adjusted EBITDA will be at the high end of the range of the Company’s prior
outlook of $77.0 million to $80.0 million, respectively, for the year ended
December 31, 2012 (as previously disclosed by the Company in its Current
Report filed on Form 8-K on November 7, 2012).

Preliminary 2013 Estimated Outlook

For the fiscal year ending December 31, 2013, the Company estimates that cash
earnings per share will be between approximately $0.76 and $0.83 (on diluted
shares of approximately 66 million) and Adjusted EBITDA will be between $70
million and $74 million. This preliminary estimated outlook is based primarily
upon the combination of the following factors: (a) the anticipated impact of
less favorable pricing terms associated with several customer contract
renewals in 2012 and 2013; (b) the Company’s receipt of notification from the
Mohegan Tribal Gaming Authority that it intends not to renew its contracts
with the Company in the first calendar quarter of 2013 (which contracts
represented less than three percent of the Company’s 2012 revenue); and (c)
continued investment with respect to the Company’s technology infrastructure
and personnel.

Non-GAAP Financial Information

Cash earnings per share and Adjusted EBITDA are not measures of financial
performance under United States Generally Accepted Accounting Principles
(“GAAP”). Accordingly, they should not be considered a substitute for net
income, operating income, basic or diluted earnings per share or cash flow
data prepared in accordance with GAAP.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the “safe
harbor” provisions of the Private Securities Litigation Reform Act of 1995.
All statements included in this press release, other than statements that are
purely historical, are forward-looking statements. Words such as “going
forward,” “believes,” “intends,” “expects,” “forecasts,” “anticipate,” “plan,”
“seek,” “estimate” and similar expressions also identify forward-looking
statements. Forward-looking statements in this press release include, without
limitation: (a)our estimates of 2012 and 2013 cash earnings per share and
Adjusted EBITDA and the assumptions and factors upon which they are based; and
(b)our belief that cash earnings per share and Adjusted EBITDA are
widely-referenced financial measures in the financial markets and that
references to the foregoing are helpful to investors.

These forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those projected or
assumed, including but not limited to the following: the timing and the extent
of a recovery in the gaming industry; our ability to replace revenue
associated with terminated contracts; gaming establishment and patron
preferences; national and international economic conditions; changes in gaming
regulatory, card association and statutory requirements; regulatory and
licensing difficulties; competitive pressures; operational limitations; gaming
market contraction; changes to tax laws; uncertainty of litigation outcomes;
interest rate fluctuations; inaccuracies in underlying operating assumptions;
unanticipated expenses or capital needs; technological obsolescence; and
employee turnover. If any of these assumptions prove to be incorrect, the
results contemplated by the forward-looking statements regarding our future
results of operations are unlikely to be realized.

The forward-looking statements in this press release are subject to additional
risks and uncertainties set forth under the heading “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations” in our filings with the Securities and Exchange Commission,
including, without limitation, our Annual Report filed on Form10-K on
March12, 2012, and subsequent periodic reports and are based on information
available to us on the date hereof. We do not intend, and assume no
obligation, to update any forward-looking statements. Readers are cautioned
not to place undue reliance on forward-looking statements, which speak only as
of the date of this press release.

About Global Cash Access Holdings,Inc.

Las Vegas-based Global Cash Access,Inc. (“GCA”), a wholly owned subsidiary of
Global Cash Access Holdings,Inc., is a leading provider of cash access
products and related services to over 1,000 casinos and other gaming
properties in the United States, Europe, Canada, the Caribbean, Central
America and Asia. GCA’s products and services provide gaming patrons access to
cash through a variety of methods, including ATM cash withdrawals,
point-of-sale debit card transactions, credit card transactions, check
verification and warranty services, and Western Union money transfers. GCA is
a leading manufacturer and distributor of cash handling devices and related
software. GCA also provides products and services that improve credit
decision-making, automate cashier operations and enhance patron marketing
activities for gaming establishments. With its proprietary database of gaming
patron credit history and transaction data on millions of gaming patrons
worldwide, GCA is recognized for successfully developing and deploying
technological innovations that increase client profitability, operational
efficiency and customer loyalty. More information is available at GCA’s
website at www.gcainc.com.

Contact:

ICR
Investor Relations
Don Duffy, 203-682-8215
IR@gcamail.com
or
Media Relations
Liz Brady, 646-277-1226
lbrady@icrinc.com
 
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