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Global Cash Completes Internal Review



By AP
21 December 2007 @ 04:29 pm EST

LAS VEGAS - Global Cash Access Holdings Inc., which provides ATM and cash-advance services to casinos, said Friday it completed an internal investigation and is working to file its third-quarter report as soon as possible.

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GCA 5.78 0.11

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Shares of the company surged 48 cents, or 9.2 percent, to $5.69 in after-hours trading.

Global Cash Access said the investigation didn't find evidence of fraud or intentional misconduct to back any claims made by an unidentified individual. The investigation also didn't uncover any further issues relating to the calculation of commissions.

The company reaffirmed the $3.3 million estimated charge to resolve commission issues for the three-year period under review.

Last month, the company said it was delaying filing its quarterly earnings statement with the Securities and Exchange Commission pending the investigation.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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