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Item 2.01. Completion of Acquisition or Disposition of Assets

On August 8, 2008, Global Cash Access, Inc. (“GCA”), a Delaware corporation and wholly-owned subsidiary of Global Cash Access Holdings, Inc. (the “Company”), completed its previously announced acquisition of Cash Systems, Inc. (“CSI”), a Delaware corporation pursuant to an Agreement and Plan of Merger (the “Agreement”) with CSI and Card Acquisition Subsidiary, Inc., a Delaware corporation and wholly-owned subsidiary of GCA (“Merger Sub”), pursuant to which all of the issued and outstanding shares (the “Shares”) of CSI were converted into the right to receive cash in the amount of $0.50 per share.

In connection with the acquisition, GCA provided CSI with funds to repay all of its outstanding convertible promissory notes. In connection with such repurchase, all of the warrants previously issued by CSI to the holders of its convertible promissory notes were cancelled. The aggregate amounts provided by GCA to repay all of the outstanding convertible promissory notes and convert each of the outstanding Shares into the right to receive $0.50 per share was approximately $33 million.

The foregoing description is qualified in its entirety by reference to the Agreement, which is attached as Exhibit 2.1 to the Current Report on Form 8-K filed by the Company on June 19, 2008 and incorporated herein by reference.

On August 12, 2008, GCA issued a press release announcing the completion of its acquisition of CSI. A copy of the press release is attached hereto as Exhibit 99.1.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 11, 2008, the Employment Agreement between Scott Betts and GCA, dated as of October 31, 2007 (the “Betts Agreement”) was amended to change all references to the first 6 months to the first 18 months. The foregoing description is qualified in its entirety by reference to the amendment of the Betts Agreement, which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

On August 11, 2008, the Employment Agreement between Katie S. Lever and GCA, dated as of September 12, 2005 (the “Lever Agreement”) was amended to change the three-year term of the Agreement to an indefinite term, and to provide Ms. Lever with various rights and benefits upon the termination of her employment in certain circumstances, even if after the third anniversary of the commencement of her employment. The foregoing description is qualified in its entirety by reference to the amendment of the Lever Agreement, which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

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Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired

The financial statements required by Item 9.01(a) of Form 8-K will be filed within 70 calendar days after the date of this report on Form 8-K must be filed.

(b) Pro Forma Financial Information

The pro forma financial statements required by Item 9.01(b) of Form 8-K will be filed within 70 calendar days after the date of this report on Form 8-K must be filed.

(c) Exhibits

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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EXHIBIT INDEX

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