Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Already a subscriber?
Gambling billionaire Laurence Escalante has gained the go-ahead to take his company Virtual Gaming Worlds private in a $3.2 billion deal after the scheme passed a shareholder vote on Friday.
The Australian, who already owns 70 per cent of VGW, grew his fortune by pioneering the use of a loophole in the US that allowed the company to deliver poker machine-style online gambling to millions of Americans, initially on Facebook.
Primrose Riordan covers private companies and family offices from the AFR’s Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Already a subscriber?
