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Global Cash to buy slot machine maker Multimedia Games

08
Sep
2014

(Reuters) – Global Cash Access Holdings Inc, which provides cash services to casinos, said it would buy slot machine maker Multimedia Games Holding Co Inc for about $1.2 billion to strengthen its gaming business. Multimedia Games’ stock was trading at $36 before the bell on Monday. “The acquisition of Multimedia Games … uniquely positions GCA as an important strategic partner to gaming operators,” Global Cash Chief Executive Ram Chary wrote in the statement. The deal will help Global Cash increase its gaming offerings to existing casino customers.

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