GVC Holdings, one of the world's largest sports-betting and gaming groups, sold a 50% stake in Sportium Apuestas Deportivas, a Spanish gambling firm, to joint venture partner Cirsa for €70m. Kenneth Alexander, GVC CEO, said: "GVC is one of the leading online gaming operators in Spain with bwin and the disposal of our interest in Sportium enables us to simplify our business in this market. We have enjoyed a good working relationship with Cirsa and are pleased to be able to support them through a new B2B partnership."