Laurence Escalante, the Perth businessman behind Virtual Gaming Worlds, is set to add to his $3.75 billion fortune after delivering shareholders of his social gaming giant a dividend worth about $360 million.
VGW released an investor update on Thursday revealing its final dividend for the year would be 23¢ a share, meaning that investors took home 57¢ a share in the last financial year spread between three payments. Mr Escalante is the company’s controlling shareholder.
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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
