Aussie billionaire to park gaming giant in tax haven
The tax haven of Guernsey is calling for online gambling magnate Laurence Escalante with documents revealing his move to buy out minority shareholders in a $1bn deal involves moving offshore.
The tax haven of Guernsey is calling for online gambling magnate Laurence Escalante with documents revealing his move to buy out minority shareholders in a $1bn deal involves moving offshore.
The social media gambling company claims to be only the second betting brand in the world to be operating in the UK, US and Australian markets.
Online gaming billionaire Laurence Escalante is thankful for the support, but has moved to buy out minority shareholders of his online casino business.
The billionaire is backing a new global funds management venture as part of a diversification of his assets, which also include cryptocurrency, yachts, mansions and waste management. He is joined by ex-TDM managers Harrison Moot and Fraser Christie.
Chemist Warehouse’s merger with Sigma in February created a $34bn company and most of the shares are owned by suburban pharmacists now worth millions, financial records show.
From having to walk the dog or fly to Spain at short notice, court claims by a chef suing hedge fund billionaire Greg Coffey and wife Ania for unpaid overtime shed light on the secretive world of staffers to the mega rich.
The Australian can reveal Football Australia posted a $9m loss following the shock resignation of boss James Johnson.
A court case lodged by a woman who accused the billionaire of forcing her to have a sexual relationship with him in exchange for visa support and English lessons will not proceed.
NBL owner Larry Kestelman is adamant he won’t sell the league but as club bosses demand a greater financial share, his dispute with Illawarra Hawks owner Jared Novelly has gone public.
Entain, which owns online betting platforms Ladbrokes and Neds, is hoping to nip an anti-money laundering case brought against it last year in the bud.
Original URL: https://www.theaustralian.com.au/author/john-stensholt/page/3