Global Cash Access Holdings Inc. (GCI), whose primary source of business is providing cash solutions to the casino industry primarily through ATM machines, announced Monday it has agreed to acquire Multimedia Games Holding Co. for $1.2 billion in cash, or about $36.50 per share.
Multimedia Games has a huge portfolio of electronic gaming machines that are used primarily by Native American gambling facilities and lotteries.
The acquisition was reported Monday by Bloomberg’s Niamh Ring.
Global Cash’s ATM machines, point-of-sale and debit-card transactions are viewed in many of America’s casinos while Metromedia’s systems, content and electronic gaming units are licensed in 29 states.
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