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GCA enjoys a good year
Global Cash Access reported a strong set of financial results, year-on-year, for the quarter ended December 31st, turning in a 23 percent increase in revenues and a 43 percent increase in earnings before interest, taxes, depreciation and amortisation (EBITDA).
For the whole fiscal year GCA's EBITDA showed a 5.4 percent increase, with net income 0.6 percent down.
"Despite the turbulence in the gaming sector and the economy in 2008, it was a year of growth for our company as we capitalised on our ability to scale with the acquisition opportunities," said Scott Betts, President and Chief Executive Officer of GCA. "We completed two important acquisitions that we believe have added strong customer bases, additional revenue and cash flow, and further enhanced our product portfolio."
