2008 was a year of growth for Las Vegas-based Global Cash Access, according to the company's president and chief executive officer Scott Betts.
For the year ended December 31, revenues were up 12.3 per cent to US$671.6m, while operating income rose by 0.5 per cent to $78.6m. Earnings before interest, taxes, depreciation and amortisation increased from $89.8m to $94.7m.
"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," Betts commented. "We completed two important acquisitions that we believe have added strong customer bases, additional revenue and cash flow, and further enhanced our product portfolio.
"In 2009, we expect to benefit from additional operational improvements and cost savings combined with our intention to aggressively seek to deliver innovative products and enhanced customer service to our clients."
