For USD 1.2 B
Global Cash Access to buy slot machine maker Multimedia Games
2014-09-08
Reading time 32 seg
(US).- Global Cash Access Holdings is getting into the casino gaming business, spending about USD 1.2 B to buy Multimedia Games Holdings. Both companies make machines found on casino floors. GCA makes ATMs and cash-advance kiosks, while Austin, Texas-based Multimedia Games makes video slot machines.
GCA, based in Las Vegas, is paying US$ 36.50 for each share of Multimedia Games. That's a 31 per cent premium from Multimedia Games' closing price of US$ 27.78 on Friday. The deal is expected to close early next year.
The combined company is estimated to generate revenue of about US$ 800 million in a year and approximately US$ 217 million in earnings before interest, taxes, depreciation and amortization.
After the deal was announced, shares of Multimedia Games Holding Co. soared nearly 29 per cent in premarket trading Monday. GCA shares rose 7 per cent.
Leave your comment
RELATED NEWS
Project includes gaming, hospitality facilities
Wilton Rancheria breaks ground on Sky River hotel resort development
As Russia weighs online gambling
Putin approves creation of Russia's sixth gambling zone in the Altai region
COMPANIES
Season-long branding placement
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Also participatedin SBC Summit Malta
CT Interactive expands portfolio, boosts Bulgaria presence in April
NYCE Marketplace
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Partnership expansion
Racing and Sports partners with Altenar to enhance global racing offering
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
