'CKNN' News -- Cash Systems, Inc. Announces New Contract
LAS VEGAS, Apr 16, 2008 (BUSINESS WIRE) -- Cash Systems, Inc. (NASDAQ: CKNN), a
provider of cash access solutions for the gaming industry, today announced a new
multi-year contract with Fantasy Springs Resort Casino, where Cash Systems will
provide it's casinopc for cash advance services all-in-1 atm services, eCash
checking services for check guarantee and full service booth operation.
Fantasy Springs Resort Casino is located in Indio, California and provides a mix
of nearly 2,000 slot machines, 40 table games featuring Mini-Baccarat,
California Carps, 3 & 4 Card Poker, Pai Gow, Spanish 21 and Blackjack, state of
the art off track betting, live poker room and bingo. The hotel offers 250
luxurious rooms, a 3 acre pool with Jacuzzi and tanning pool and over 50,000
square feet of convention space. Located on the property are 4 restaurants and
the Grand Buffet. Fantasy Springs Resort Casino also offers some of the finest
entertainment in the Palm Springs area through the 100,000 square foot
entertainment venue featuring some of the hottest world renowned acts and
groups. Located on top of the hotel is the Velvet Palm Night Club offering a
variety of music and spectacular views.
Recently added to Fantasy Springs Resort Casino is their 18 hole championship
golf course featuring a layout that will challenge even the most serious golfers
"Cash Systems showed us their interest in our property throughout the
installation and launch of powercash. By bringing the rest of the financial
services under one provider we know that it will only enhance the use of
powercash by our patrons," said Paul Ryan, General Manager, Fantasy Springs
Resort Casino.
Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems, said,
"With this agreement in place, we will now be the full service provider for
Fantasy Springs Resort Casino. By combining our basic financial services with
the already established presence of powercash, we expect that the move to
cashless transactions will continue it's already steady growth pattern at the
property.
powercash includes patented technology that will change the way casino players
access their funds for the purchase of credits on the casino floor. Once patrons
have enrolled in the casino player's club program with the Company's cashclub
functionality they will be able to access funds to purchase credits from their
desired credit, debit or checking accounts while sitting at the gaming device.
Players will be able to request funds from the designated financial account,
transfer those funds into their player's club account and then transfer down to
the gaming device the amount of credits that they want to use. Casino patrons
will no longer have to worry about bringing cash to the casino with powercash.
casinopc is an exclusive product of Cash Systems that offers the full range of
services for processing and completing transactions at the casino cage, all
residing on one system. By having all the functionality on one system, the
casino cage experiences transactions at a much faster pace, saving time and
increasing customer satisfaction.
Cash Systems all-in-1atm offers patrons an ATM with multifunction capability.
Patrons can select an ATM cash withdrawal or select a POS Debit or Credit Card
transaction all from the same ATM.
ecash checking is the quickest and most efficient check cashing and guarantee
product in the industry. Casino cage personnel experience faster check cashing
times with higher limits for casino patrons.
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