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Gambling mogul lists superyacht at $10m, starts retailing supercars

Primrose Riordan
Primrose RiordanSenior Reporter

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Gambling mogul Laurence Escalante is selling 19 luxury supercars, individually worth millions of dollars, saying he is starting a luxury motor dealership. He is also selling one of his superyachts for a cool $10 million.

Mr Escalante has built his company, Virtual Gaming Worlds, into one of the largest non-listed businesses in Australia, with a fortune of some $3.9 billion, according to the Financial Review Rich List. VGW operates primarily in the US, running the wildly popular Chumba Casino and offering online poker machine-like games.

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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

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    Original URL: https://www.afr.com/companies/games-and-wagering/laurence-escalante-lists-super-yacht-starts-retailing-super-cars-20240508-p5glvx