Cash Systems, Inc. Announces New Contract
April 16 2008 - 7:30AM
Business Wire
Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access
solutions for the gaming industry, today announced a new multi-year
contract with Fantasy Springs Resort Casino, where Cash Systems
will provide it�s casinopc for cash advance services all-in-1 atm
services, eCash checking services for check guarantee and full
service booth operation. Fantasy Springs Resort Casino is located
in Indio, California and provides a mix of nearly 2,000 slot
machines, 40 table games featuring Mini-Baccarat, California Carps,
3 & 4 Card Poker, Pai Gow, Spanish 21 and Blackjack, state of
the art off track betting, live poker room and bingo. The hotel
offers 250 luxurious rooms, a 3 acre pool with Jacuzzi and tanning
pool and over 50,000 square feet of convention space. Located on
the property are 4 restaurants and the Grand Buffet. Fantasy
Springs Resort Casino also offers some of the finest entertainment
in the Palm Springs area through the 100,000 square foot
entertainment venue featuring some of the hottest world renowned
acts and groups. Located on top of the hotel is the Velvet Palm
Night Club offering a variety of music and spectacular views.
Recently added to Fantasy Springs Resort Casino is their 18 hole
championship golf course featuring a layout that will challenge
even the most serious golfers �Cash Systems showed us their
interest in our property throughout the installation and launch of
powercash. By bringing the rest of the financial services under one
provider we know that it will only enhance the use of powercash by
our patrons,� said Paul Ryan, General Manager, Fantasy Springs
Resort Casino. Michael Rumbolz, Chairman and Chief Executive
Officer of Cash Systems, said, "With this agreement in place, we
will now be the full service provider for Fantasy Springs Resort
Casino. By combining our basic financial services with the already
established presence of powercash, we expect that the move to
cashless transactions will continue it�s already steady growth
pattern at the property. powercash includes patented technology
that will change the way casino players access their funds for the
purchase of credits on the casino floor. Once patrons have enrolled
in the casino player�s club program with the Company's cashclub
functionality they will be able to access funds to purchase credits
from their desired credit, debit or checking accounts while sitting
at the gaming device. Players will be able to request funds from
the designated financial account, transfer those funds into their
player�s club account and then transfer down to the gaming device
the amount of credits that they want to use. Casino patrons will no
longer have to worry about bringing cash to the casino with
powercash. casinopc is an exclusive product of Cash Systems that
offers the full range of services for processing and completing
transactions at the casino cage, all residing on one system. By
having all the functionality on one system, the casino cage
experiences transactions at a much faster pace, saving time and
increasing customer satisfaction. Cash Systems all-in-1atm offers
patrons an ATM with multifunction capability. Patrons can select an
ATM cash withdrawal or select a POS Debit or Credit Card
transaction all from the same ATM. ecash checking is the quickest
and most efficient check cashing and guarantee product in the
industry. Casino cage personnel experience faster check cashing
times with higher limits for casino patrons. About Cash Systems,
Inc. Cash Systems, Inc., located in Las Vegas, with additional
offices in San Diego and Minneapolis, is a provider of cash-access
and related services to the retail and gaming industries. Cash
Systems' products include its proprietary cash advance systems,
ATMs and check cashing solutions. Please visit
http://www.cashsystemsinc.com for more information. This press
release may contain forward-looking statements, including the
Company's beliefs about its business prospects and future results
of operations. These statements involve risks and uncertainties.
Among the important additional factors that could cause actual
results to differ materially from those forward-looking statements
are risks associated with the overall economic environment, the
successful execution of the Company's plan of operation, changes in
the Company's anticipated earnings, continuation of current
contracts, gaming and other applicable regulations, and other
factors detailed in the Company's filings with the Securities and
Exchange Commission, including its most recent Forms 10K and 10Q.
In addition, the factors underlying Company forecasts are dynamic
and subject to change and therefore those forecasts speak only as
of the date they are given. The Company does not undertake to
update any forecasts that it may make available to the investing
public.
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