GVC Holdings has decided to let go its Turkish arm, Headlong Ltd. for $186m. Buyer Rospo proposed a payment scheme over a five-year period for Headlong, but GVC Holdings CEO Kenny Alexander decided to give its Turkish gambling operations to his friend and business partner Ron Watts for free. A Sunday Times article traced the decades-long partnership between Alexander and Watts, reporting that they are the sole owners of the parent company of New Hall Stud Farm in Scotland, Kenron Ltd, and have become friends while in the online gambling site Sportingbet.
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