1/2/2024 0 Comments Chumba casino reviews 2018![]() ![]() That alone would probably give Mr Escalante, who was born in Port Hedland, a top 40 finish in the Financial Review Rich List, to be published on May 28. ![]() If applied to annualised VGW profit of $230 million, the Perth-based company is worth $3.45 billion, and Escalante’s 65 per cent stake a gross $2.24 billion. That is a 60 per cent increase on the $72.1 million net profit it recorded for the entire 2019-20 financial year.Ī public company with similar size and scope to VGW, London-listed Gamesys Group, is currently trading at a price to earnings multiple of 15 times. Laurence Escalante, founder of Perth’s Virtual Gaming Worlds, which made a net profit of $115 million in the six months to December 31. Virtual Gaming Worlds (VGW), which the 39-year-old former financial planner launched in 2010, recorded total comprehensive income after tax of $115.8 million for the six months to December 31, according to a note sent to the private company’s shareholders over the weekend. A world bored in lockdown has made Perth’s Laurence Escalante a double-billionaire, as his maker of casino-themed online games recorded a stunning profit surge in the last half of 2020. ![]()
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