Archive for July 21st, 2010

Global Cash Access Death Spiral Volume Alert (GCA)

Global Cash Access Holdings, Inc. (NYSE: GCA) is seeing a true death spiral.  An SEC filing shows that Harrah’s is not renewing its contract that expires at the end of November 2010. Harrah’s, by the way, happens to be GCA’s best customer.  At 10:30 AM EST shares were down 37% at $4.30 on almost 5 [...]