Multimedia Games’ shareholders approve Merger Agreement with Global Cash Access

AUSTIN, Texas -- (PRESS RELEASE) -- Multimedia Games Holding Company, Inc. (MGAM) (“Multimedia Games”) announced today that at a special meeting of shareholders held earlier today, Multimedia Games shareholders approved the previously announced Agreement and Plan of Merger, dated September 8, 2014, (the “Merger Agreement’) by and among Multimedia Games, Global Cash Access Holdings, Inc., a Delaware corporation (GCA) (“GCA”), and Movie Merger Sub, Inc., a wholly owned subsidiary of GCA (“Merger Sub”), providing for the merger of Merger Sub with and into Multimedia Games, with Multimedia Games becoming a wholly owned subsidiary of GCA upon consummation of the merger.

More than 99% of the votes represented and cast at the meeting, or approximately 87% of the total outstanding shares of common stock eligible to vote as of the October 21, 2014 record date, were voted in favor of the adoption of the merger agreement. Shareholders also approved the non-binding advisory proposal regarding merger-related named executive officer compensation with a vote of approximately 90% of the votes represented and cast at the meeting.

Upon the closing of the transaction, Multimedia Games shareholders (other than Multimedia Games shareholders who have properly exercised rights of appraisal) will be entitled to receive $36.50 in cash, without interest, for each share of Multimedia Games common stock owned at the time of the transaction’s closing.

The merger, which is expected to be completed later this month, is still subject to obtaining certain required regulatory approvals and certain other customary closing conditions.

About Multimedia Games Holding Company, Inc.

Through its wholly owned subsidiary, Multimedia Games, Inc., Multimedia Games Holding Company, Inc. (“Multimedia Games”) develops and distributes gaming technology.