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Laurence Escalante

Founder & CEO, VGW

Laurence Escalante is the Founder, Chairman, and CEO of VGW (Virtual Gaming Worlds), a leading online social games company.1 He founded VGW in 2010 with a vision of creating a virtual world for interactive entertainment experiences.1 Escalante has 18 years of experience in the games industry and has overseen VGW's growth from a startup to one of the world's leading online social games companies.1

Prior to founding VGW, Escalante studied Economics and Actuarial Studies at Macquarie University and spent 10 years in the financial planning industry as a technical and investment specialist.12 He has also been an angel investor and entrepreneur in the games industry, founding White Knight Games in 2004 and investing in Anino Mobile, a Philippine game development studio.2

Under Escalante's leadership, VGW has achieved significant success:

  1. Launched Chumba Casino in 2012, revolutionizing the online social games market.1
  2. Introduced Global Poker in 2016, which became one of the fastest-growing online social poker sites in North America.1
  3. Acquired and launched LuckyLand Slots in 2018, expanding VGW's portfolio of social casino brands.1

As of 2024, VGW continues to lead in online social games innovation, offering free-to-play games where players can redeem prizes.1 The company has experienced remarkable growth, with revenue reaching AU$6.1 billion and net profit of AU$492 million for the fiscal year ending June 30, 2024.34

Escalante owns more than 70% of VGW and has received substantial dividends from the company's success.3 His net worth is estimated to be approaching AU$4 billion, making him one of Australia's youngest billionaires at the age of 42.4

Highlights

Feb 13 · vgw.co
About VGW
Laurence Escalante - Business News
Laurence Escalante - Business News
Sep 26 · sbo.financial
Laurence Escalante's $5B gambling empire: A Financial Teardown
Laurence Escalante's $5B gambling empire: A Financial Teardown
Sep 20 · agbrief.com
Escalante's Virtual Gaming Worlds surges to another record ...
Sep 18 · thenightly.com.au
Laurence Escalante's Virtual Gaming Worlds rockets to another big ...
Laurence Escalante's Virtual Gaming Worlds rockets to another big ...

Related Questions

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Laurence Escalante
Laurence Escalante, photo 1
Laurence Escalante, photo 2
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Location

Perth, Western Australia, Australia