{"id":9212,"date":"2025-06-04T05:39:45","date_gmt":"2025-06-04T05:39:45","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/06\/04\/vgw-founder-escalante-to-take-full-control-of-company\/"},"modified":"2025-06-04T05:39:45","modified_gmt":"2025-06-04T05:39:45","slug":"vgw-founder-escalante-to-take-full-control-of-company","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/06\/04\/vgw-founder-escalante-to-take-full-control-of-company\/","title":{"rendered":"VGW Founder Escalante to Take Full Control of Company?"},"content":{"rendered":"<div>\n<p>Laurence Escalante, the founder of Virtual Gaming Worlds (VGW), is preparing to buy out minority shareholders and take full control of the company he started. The move comes amid rising regulatory pressure and internal disputes that have drawn public attention.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>VGW is valued at around $3.2 billion in the planned buyout.<\/strong><\/em><\/li>\n<li><em><strong>Escalante already owns 70% of the company.<\/strong><\/em><\/li>\n<li><em><strong>VGW recently exited New York due to legal uncertainty.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>Escalante launched VGW from a basement and built it into a $5 billion revenue business. Today, it operates major sweepstakes platforms like Chumba Casino, Luckyland Slots, and Global Poker. According to a report by the Financial Review, he now wants to own 100% of the company.<\/p>\n<p>The buyout follows a series of challenges. VGW has faced scrutiny in the United States over how it operates its sweepstakes platforms. While it offers casino-style games, it avoids traditional gambling classification, which helps it bypass certain licensing and tax requirements. Critics argue that the model should be subject to standard gambling laws, while supporters say VGW operates within current legal frameworks.<\/p>\n<p>Montana has already taken legal steps against companies like VGW, and other states may follow. In response, VGW has started pulling back. Most recently, it exited the <strong><a href=\"https:\/\/igaming.org\/casino-news\/vgw-ends-promotional-play-in-new-york-amid-legal-tensions\/\">New York<\/a><\/strong> and <strong><a href=\"https:\/\/igaming.org\/casino-news\/vgw-luckyland-cease-order-issued\/\">Delaware<\/a> <\/strong>markets due to shifting regulatory conditions.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Internally, tensions have spilled into public view. Escalante has used social media multiple times to speak directly to critics and investors. On Telegram, he urged dissatisfied investors to sell their stakes, saying,<\/p>\n<p><strong><em>\u201cThere\u2019s a reason we do what we do.\u201d<\/em><\/strong><\/p>\n<p>He cited legal limitations under the Corporations Act as a reason the company cannot always speak openly. Earlier, in April, he used Instagram to push back on personal rumors he claimed were<em> \u201cdestructive.\u201d<\/em><\/p>\n<p>Despite the noise, Escalante appears determined to take the company private and retain full authority over its future direction.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/vgw-founder-escalante-to-take-full-control-of-company\/\">VGW Founder Escalante to Take Full Control of Company?<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Laurence Escalante, the founder of Virtual Gaming Worlds (VGW), is preparing to buy out minority shareholders and take full control of the company he started. The move comes amid rising regulatory pressure and internal disputes that have drawn public attention. Good to know VGW is valued at around $3.2 billion in the planned buyout. Escalante [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9212","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9212"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9212\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}