G.v.c. May Sell Off Parts Of Kalixa
By Casinomeister, Last updated Jan 22, 2016
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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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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