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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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