Virtual Gaming Worlds (VGW) founder and CEO Laurence Escalante is living large off the controversial billions he has made through online gambling, a recent investigation has revealed.
Escalante, a 35-year-old entrepreneur who founded the company in 2012, has amassed a fortune estimated to be in the billions through his virtual gaming empire, which includes popular online casinos such as Chumba Casino and Global Poker. These sites operate in a legal gray area, as they offer players the chance to win real money through virtual currency purchases, circumventing traditional gambling laws.
According to reports, Escalante has used his vast wealth to fund a lavish lifestyle that includes a multi-million dollar mansion in Perth, Australia, as well as luxury cars, private jets, and extravagant vacations. He has also been known to frequent high-end restaurants and nightclubs, where he is often seen surrounded by beautiful women and fellow high-rollers.
However, Escalante’s success has not come without controversy. Critics have accused him of exploiting vulnerable gamblers by offering them the false hope of striking it rich through his online casinos, which have been likened to modern-day versions of the notorious “Ponzi schemes” of the past.
In response to these allegations, Escalante has defended his business practices, claiming that his sites provide a safe and responsible gaming environment for players while also generating substantial tax revenue for the countries in which they operate. He has also pointed out that his sites are regulated by gaming authorities in multiple jurisdictions, ensuring that they adhere to strict guidelines and standards.
Despite these assurances, Escalante’s critics remain unconvinced. They argue that his casinos still pose a significant risk to problem gamblers, who may be enticed to spend beyond their means in pursuit of the elusive jackpot. They also point out that the legality of Escalante’s operations remains a subject of debate, with some jurisdictions cracking down on online gambling while others turn a blind eye to the industry.
In the meantime, Laurence Escalante continues to enjoy the fruits of his controversial empire, living a lifestyle that most can only dream of. Whether his success will continue unabated or eventually come crashing down remains to be seen, but one thing is certain – his online gambling billions have made him a force to be reckoned with in the world of virtual gaming.
