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GVC Selling Off Parts of Kalixa

 Monday, January 18, 2016 : G.V.C. MAY SELL OFF PARTS OF KALIXA
 
Chief executive discusses plans post-takeover of Bwin.Party.
 
Kenny Alexander, chief executive of GVC Holdings, gave some insight this week into his plans for elements of the Bwin.Party group once his company has taken the enterprise over.
 
During an interview with The Daily Telegraph he revealed that he has already held early talks with several payment processing firms regarding the disposal of Bwin's Kalixa payment solutions subsidiary, saying that he had in mind the sale of small external processing parts of the company.
 
Kalixa is involved in payments services, with most of its business flowing from parent Bwin, although it also handles transactions for other e-commerce companies.
 
However, Alexander scotched rumours that the sale of the Foxy Bingo subsidiary was on his disposal list, commenting that this was "a cracking business" he wished to keep.
 
The GVC CEO also revealed that his company will probably sign up to the horseracing industry's controversial "authorised betting partner" funding scheme for the British Horseracing Authority, which requires companies to sign three-year deals and contribute a percentage of revenues they earn from betting on horse races to the BHA in return for recognition and the advertising advantages of being a partner.

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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