Global Cash Access Holdings plunges on delayed Q3 filing due to investigation
Global Cash Access Holdings, Inc. (NYSE: GCA) shares are plunging after the operator of casino ATMs said it will delay its third-quarter regulatory filing. The Las Vegas-based business said the report is being delayed because of accusations by an unidentified individual.
Global Cash said it will release the quarterly filing “as soon as practicable.”
“The company and its board of directors take these matters very seriously and accordingly the company’s management is cooperating fully,” CEO Scott Betts said in a statement.
In afternoon trading, GCA shares are plummeting to a new year low, down 55.76%, or $5.13, at $4.07. Over the last 52 weeks, shares have ranged from $5.13 to $17.12.
