Online gambling operator GVC Holdings says it will sell off parts of Bwin.party’s Kalixa payments division while holding on to its Foxy Bingo operation.
In an interview with The Telegraph, GVC CEO Kenneth Alexander said he has already had “very early discussions” with payment processors regarding the sale of some aspects of Kalixa once GVC completes its acquisition of Bwin.party on February 1.
Kalixa began life as Bwin.party’s internal payments division but was spun off into a standalone entity in 2013 so that it could handle payments for third party companies. It’s this third party business that Alexander believes GVC would “probably look at maybe disposing bits of that.”
However, Alexander rejected suggestions that GVC was interested in offloading Bwin.party’s Foxy Bingo operations, which he described as “a cracking business.”