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GVC sells payments business

Sale nets e-Gaming giant £24.5 million

Athol Street e-Gaming giant GVC Holdings has confirmed it's to sell its payments processing arm.

Kalixa Group, which has offices in the UK and Austria, will be acquired by Singapore-based investors Senjo for €29 million (£24.5m).

The deal is expected to be completed in early 2017 - after which GVC says it intends to remain Kalixa clients.

GVC earlier this year acquired bwin.party Digital Entertainment, in a sale worth £1.2 billion.

The company recently said it expects to pull in a daily revenue increase of 12% on last year.

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