Perth billionaire Laurence Escalante’s online casino company, Virtual Gaming Worlds, has rejected assertions it is breaking American laws as rivals, lobbyists and state regulators attempt to undermine its business model.
Virtual Gaming Worlds pioneered using a US legislative loophole that allows it to offer casino-like experiences online with real cash prizes in states where online gambling is otherwise banned. Its games, including the widely popular Chumba Casino, work by operating as sweepstakes, which are legal in the US.
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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 Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
