Global Cash Access discontinues Arriva Card

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Global Cash Access, Inc. (GCA), the gaming industry's leading provider of cash access services, announced today that as part of its strategy of focusing on its core electronic payments business, it will discontinue offering the Arriva Card, a consumer credit card offered by GCA's wholly owned subsidiary, Arriva Card, Inc.

GCA is currently studying a range of strategic options for the Arriva Card, Inc. portfolio of receivables and cardholder accounts.

Said GCA's President and Chief Executive Officer, Scott H. Betts, "We remain committed to developing innovative products and services for our gaming industry customers, but we believe that the right business decision is to discontinue our Arriva Card product. Even though we believe that we have effective credit quality safeguards in place, it is our view that, in this environment, no consumer credit product will be immune to losses. We are convinced that this decision is in the best interest of our shareholders and casino partners."

GCA's core electronic payments business involves supplying approximately 1,000 casinos and other gaming properties worldwide with technology and services designed to help patrons gain more convenient access to cash and help gaming properties operate efficiently and better serve, attract and retain customers. GCA's proprietary technologies enable casino patrons to gain access to cash via ATM, debit card, credit card and check cashing transactions.

Added Mr. Betts, "Our plan is to make the discontinuance seamless for our casino customers and Arriva cardholders. We also plan to continue our pursuit of innovative new products and services aimed at delivering more cash to the casino floor. We believe that we learned valuable information from the offering of the Arriva Card and intend to apply those insights, and the same innovative energy, to our continued product development pursuits."