Entries Tagged as 'Financial'

Global Payments Announces Agreements With Nine Casinos Throughout the U.S. and Canada

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ATLANTA, June 20 /PRNewswire-FirstCall/ — Global Payments Inc. , a leader in both payment processing and gaming cash access services, today announced agreements to provide nine U.S. and Canadian casinos with its comprehensive suite of cash access products and services.
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The gaming establishments have signed contracts to utilize a number of Global’s innovative VIP LightSpeed(R) products including: PlayerCash @dvantage(R) credit and debit card cash advance services, VIP Preferred(R) check-cashing services, and ATM Cash @dvantage(R), which allows patrons to initiate electronic check transactions at ATMs without casino cage assistance.
Global will provide services to the following U.S. casinos: Mardi Gras casino in Black Hawk, Colorado; Player’s Club casino in Ventura, California; Running Aces Harness Park in Forrest Lake, Minnesota; Hoosier Park Racing & casino in Anderson, Indiana; 7th Street casino in Kansas City, Kansas; Bodine’s casino in Carson City, Nevada; and Wind River casino in Riverton, Wyoming. Services in Canada will be provided to Flamboro Downs in Hamilton, Ontario and Georgian Downs in Innisfil, Ontario.
“These new relationships enable Global Payments to continue expansion of our LightSpeed products throughout North America. We are thrilled to have been selected by these gaming establishments and believe we offer revolutionary products that help our clients build a strong, dependable customer base,” said Senior Vice President of Global Payments Gaming Services, Dean DeCristoforo.
VIP LightSpeed is an Internet-accessible, PC-based platform that provides cash access services for traditional and electronic check cashing, ATM check cashing, credit and debit card cash advances and credit reports. In addition, VIP LightSpeed provides high-speed processing of cash access transactions, reduction of risk associated with check cashing and cash advance services, and a full spectrum of management and legal compliance reporting tools.
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, gaming establishments, and multi-national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit .
This announcement may contain forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company’s SEC filings, including the most recently filed Form 10-Q or Form 10K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Contact: Phyllis McNeill
770-829-8245

Global Payments Inc.

Pinnacle Entertainment Announces Closing of Exchange Offer

LAS VEGAS, June 13 /PRNewswire-FirstCall/ — Pinnacle Entertainment, Inc. today announced that it has closed an exchange offer, whereby it has exchanged $385 million in aggregate principal amount of 7.50% Senior Subordinated Notes due 2015, which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding 7.50% Senior Subordinated Notes due 2015, upon the terms and subject to the conditions set forth in the prospectus, dated May 8, 2008, and the related letter of transmittal, including any amendments or supplements thereto.
A registration statement relating to the exchange offer was filed with and declared effective by the Securities and Exchange Commission. This press release is not an offer to sell or a solicitation of an offer to buy any security. The offer to exchange was made solely by means of a prospectus.
A copy of the final prospectus related to the exchange offer and the related letter of transmittal may be obtained from The Bank of New York Trust Company, N.A., Bank of New York Mellon Corporation, Corporate Trust Operations, Reorganization Unit, 101 Barclay Street, Floor 7 East, New York, New York 10286, Attention: David Mauer.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates casinos in Nevada, Louisiana, Indiana, Missouri, Argentina and The Bahamas and has significant insurance claims related to a hurricane-damaged hotel and casino complex previously operated in Biloxi, Mississippi. The Company opened Lumiere Place, a $507 million casino hotel in downtown St. Louis, Missouri, in December 2007. Pinnacle also has a second casino development project under construction in the St. Louis area, which opening is dependent upon final approval by the Missouri Gaming Commission. Pinnacle is currently developing a second casino resort in Lake Charles, Louisiana, to be called Sugarcane Bay; is developing a casino resort in Baton Rouge, Louisiana; and has submitted a proposal for a casino resort in Kansas City, Kansas, subject to various approvals. Additionally, Pinnacle owns a casino site at the heart of the famed Boardwalk in Atlantic City, New Jersey, on which it plans to build a major new casino resort.
Pinnacle Entertainment, Inc.