Cash Access Holdings Inc. on Nov. 3 reported net income of $4.9 million for the third quarter ended Sept. 30, down 39.5% from $8.1 million during the same period last year. Revenues fell 7.4%, to $152.1 million from $164.3 million.
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The Las Vegas-based company provides cash-access products and related services to more than 1,100 casinos worldwide through ATMs, point-of-sale debit card transactions, credit card cash advances and check-warranty services.
ATM revenues totaled $79.7 million, down 2.2% from $81.5 million. Check-service revenues dropped 31.9%, to $6.4 million from $9.4 million. Cash-advance revenues totaled $60.5 million, down 13.1% from $69.7 million.
