Global Payments Announces Expanded and Renewed Relationship with Caesars Entertainment for Gaming and Cash Access Services
ATLANTA, April 1, 2014 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), one of the largest worldwide providers of payment solutions, today announced an agreement to expand its relationship with Caesars Entertainment Corporation (NASDAQ: CZR). Global Payments will now provide additional Caesars' resorts with Global Payments' PlayerCash @dvantage credit and debit card cash advance service, through the Global Payments VIP LightSpeed® platform.
"We are very excited to expand our four-year relationship with Caesars Entertainment, as Global Payments continues to augment our position in the cash access services market and deliver our leading technology and cash access services to their gaming resorts," said Jay Rising, President, Americas for Global Payments.
"We selected Global Payments as our cash services provider because the company has demonstrated its ability to provide exemplary service and leading products across the gaming industry. Caesars Entertainment is pleased to renew and expand our existing relationship with Global Payments," said Shannon Yoo, Director of Enterprise Operational Finance, Caesars Entertainment.
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. In addition, VIP LightSpeed provides high-speed transaction processing, reduction of risk associated with check-cashing and cash advance services, and a full spectrum of casino management reporting tools.
About Global Payments
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services 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.
SOURCE Global Payments Inc.