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Global Payments Announces Agreement with ARIA Resort and Casino in Las Vegas' New CityCenter
Mar 17, 2010 (07:03 PM EDT)
ATLANTA, March 17 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN), a leader in both payment processing and cash access services, today announced an agreement between its gaming subsidiary, Global Payments Gaming Services, Inc., and CityCenter Land, LLC to provide ARIA Resort and Casino with its PlayerCash® credit and debit card cash advance service, through its VIP LightSpeed® platform. VIP LightSpeed is an Internet-accessible, PC-based platform that provides cash access services for traditional and electronic check cashing, ATM check cashing, and credit and debit card cash advances.
Global Payments continues to enhance its position in the cash access services market with the announcement of this new relationship. The 4,004-room ARIA Resort and Casino, considered to be the "crown jewel" of the new multi-billion dollar CityCenter, opened in December.
"We are very pleased to partner with CityCenter to deliver our leading technology for cash access services to ARIA Resort and Casino, and we look forward to providing the highest level of service through LightSpeed's technology," said, Senior Vice President of Gaming and Check Services, Dean DeCristoforo.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, 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. Visit www.globalpaymentsinc.com for more information about the company and its services.
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.
SOURCE Global Payments Inc.