World’s leading supplier of cash access and customer relationship marketing technologies to the gaming industry positioned for long-term success

LAS VEGAS - May 18, 2004 - Global Cash Access, LLC (GCA), the leading supplier of cash access, transaction processing and customer relationship marketing services to the gaming industry, today announced the recapitalization of its holding company’s ownership in a private equity transaction involving a $316 million investment led by Summit Partners, a leading private equity and venture capital firm. Tudor Ventures and its affiliates co-invested with Summit Partners in this transaction, along with smaller investments by other private equity investors. The transaction was structured as a sale by M&C International of a portion of its ownership interests in the holding company that owns all of GCA.

GCA provides cash access products and services to approximately 960 gaming establishments in the United States, Canada, Caribbean, and United Kingdom. GCA’s products and services allow gaming patrons to access funds through a variety of methods, including credit card cash advances, point-of-sale (POS) debit card transactions, ATM withdrawals, check cashing transactions and money transfers. GCA also owns Central Credit, which is recognized in the gaming industry as the premier resource for underwriting patron credit decisions, or markers.

The investment comes at a time of rapid growth for the eight-year-old firm. GCA has grown to more than $400 million in revenue since its inception in 1996, and today the company is recognized as the leader in its industry. GCA has contracts with most of the top gaming operators in the United States and United Kingdom, including well-recognized names such as Harrah’s Entertainment, Caesars Entertainment, Mandalay Resort Group, Foxwoods Resort and Casino, and Mohegan Sun.

Prior to March 2004, GCA operated as a majority-owned subsidiary of First Data Corporation (NYSE: FDC), with M&C International as the minority owner. In March 2004, GCA redeemed FDC’s ownership interest in a leveraged recapitalization that resulted in M&C International owning substantially all of the holding company that owns GCA.

“The key drivers to GCA’s success are delivering gaming specific technology solutions, unsurpassed reliability, and phenomenal customer service that equate to increased gaming revenue, operational efficiency, and a better patron experience for our valued casino partners,” said Kirk Sanford, president and CEO of GCA. “We are excited about this partnership, and believe that the expertise that Summit Partners’ Walter Kortschak and C.J. Fitzgerald bring at this pivotal point in our growth will help us profitably expand the business. We look forward to their guidance and contributions as we continue to grow worldwide.”

“GCA clearly meets all the criteria that Summit Partners looks for in a fast-growing company: a strong management team, solid financial performance, and market leadership. We are delighted to serve as GCA’s financial partner,” said Walter G. Kortschak, a managing partner in Summit Partners’ Palo Alto office.

“GCA’s CEO, Kirk Sanford, and his management team have built a customer-centric company that is committed to providing unsurpassed service and technological innovation,” said C.J. Fitzgerald, a principal with Summit Partners. Both Kortschak and Fitzgerald will join GCA’s management committee and, upon the conversion of GCA to a corporation, its Board of Directors.

Banc of America Securities LLC served as financial advisor for M&C International on the transaction. Morrison and Foerster LLP acted as legal counsel for M&C International and GCA, and Kirkland & Ellis LLP acted as legal counsel for Summit Partners.

About Global Cash Access
Las Vegas-based Global Cash Access is the global leader in providing cash access and customer relationship marketing services to approximately 960 gaming properties and other clients in the United States, Canada, Caribbean and Europe. Providing access to the largest industry database of more than 10 million gaming patrons worldwide, GCA is widely recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. For more information, please visit the company’s Web site at www.globalcashaccess.com.

About Summit Partners
Summit Partners is a leading private equity and venture capital firm. The firm has a capital base of more than $5.5 billion, with offices in Boston, Palo Alto, and London. Formed in 1984, Summit Partners has provided growth equity, recapitalization, and leveraged buyout financing to more than 250 companies, which have completed more than 100 public offerings and 80 strategic mergers or sales. Summit Partners seeks outstanding management teams that have self-financed their companies to profitability and market leadership in a broad range of emerging growth industries, including technology, healthcare, business and financial services, and industrial and consumer products. For more information, please visit www.summitpartners.com.

About Tudor Ventures
Tudor Ventures is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized, $9 billion in assets, diversified investment management firm. Tudor has been investing in venture capital and other private equity opportunities since the early 1990’s. Tudor Ventures generally invests in mid- and late-stage technology and growth companies.
# The business of Summit Partners in the UK is regulated
by the Financial Services Authority