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GiG secures Virginia license for


Gaming Innovation Group (GiG) has secured a vendor registration license in the US state of Virginia for its World Sports network ( affiliate site.

Issued by the Virginia Lottery, the license will enable GiG to operate in Virginia, which launched its regulated sports betting market in January this year., which is focused on delivering sports news coverage and match stats, is also licensed to run in 10 other states across the US.

“We are excited to add Virginia to the growing list of states where we can offer legal sports betting content,” GiG Media managing director Jonas Warrer said.

“WSN continues to gain momentum throughout North America and the Virginia licence approval brings us one step closer to our ambition of turning the site into primary go-to sites for all US sports bettors.”

The new license comes after GiG last week revealed that it was able to reduce its comprehensive net loss in its 2020 financial year, following a 34.8% increase in revenue and the sale of its B2C business.

Revenue for the 12 months to 31 December 2020 was €63.0m ($75.9m), up from €44.1m in the previous financial year, while net loss was down from €66.2m to €17.9m.