PERTH, 26 February 2026 – Laurence Escalante, the billionaire founder of Virtual Gaming Worlds (VGW), appeared before the Perth Magistrates Court today as his legal situation intensified with the addition of nine new criminal charges. The 44-year-old tech entrepreneur, who built a global sweepstakes gaming empire from Western Australia, now faces a total of 17 charges ranging from drug offences to family violence.
Latest Legal Developments
In a dramatic court appearance on Thursday, 26 February 2026, Escalante was hit with nine fresh drug-related charges. These new allegations follow an initial wave of charges filed in late January and early February, which included assault, burglary, and family violence offences. According to court documents, the billionaire allegedly entered his former girlfriend’s home on 26 January 2026, where he is accused of assaulting her and stealing jewellery.
The scene outside the Perth Magistrates Court was chaotic, with Escalante’s private security detail engaging in physical scuffles with media camera operators as he exited the building. These legal troubles have already had significant professional repercussions; Escalante recently stepped down from his role as CEO of VGW to manage his legal defence, though he remains the company’s majority shareholder.
The Rise of Virtual Gaming Worlds (VGW)
Before his recent legal controversies, Escalante was celebrated as one of Australia’s most successful self-made tech figures. A former Hungry Jack’s employee and financial planner, he founded VGW in 2010. The company pioneered a “sweepstakes” model that allowed it to operate in the United States market, where traditional online gambling is heavily restricted.
VGW’s flagship brands, including Chumba Casino and Global Poker, turned the company into a profit powerhouse. In the 2024 financial year, the company reported a net profit of A$497 million on revenues exceeding A$6 billion. Escalante’s personal wealth, largely tied to his 65% stake in the private company, has been estimated as high as A$4.37 billion.
Laurence Escalante: Profile and Key Facts
| Attribute | Details |
|---|---|
| Full Name | Laurence Escalante |
| Age | 44 (as of February 2026) |
| Residence | Perth, Western Australia |
| Company | Virtual Gaming Worlds (VGW) |
| Role | Founder (Former CEO) |
| Estimated Net Worth | A$4.37 Billion (2025 estimate) |
| Key Assets | VGW, The Lee Collection (Luxury Cars), Private Jets |
The “Lee Collection” and Lifestyle
Escalante is well-known for his extravagant lifestyle, often documented via his “Lee Collection.” This world-class assembly of supercars and hypercars includes rare models from Ferrari, Lamborghini, and McLaren. His penchant for high-end assets extends to a fleet of private jets and superyachts, which have become symbols of his rapid ascent from a “kid from Perth” to a global gaming tycoon.
Frequently Asked Questions
Why did Laurence Escalante step down as CEO?
Escalante stepped aside from his executive duties at Virtual Gaming Worlds in early February 2026 following his arrest on charges including family violence, assault, and drug possession. The move was intended to allow him to focus on his legal proceedings while the company maintains its operations.
What is the sweepstakes model used by VGW?
VGW uses a dual-currency system where players purchase “Gold Coins” (which have no prize value) and receive “Sweeps Coins” as a bonus. These Sweeps Coins can be used to play games and can eventually be redeemed for real cash prizes, a model that has allowed VGW to navigate complex US gaming laws.
What are the current charges against him?
As of 26 February 2026, Escalante faces 17 criminal charges. These include nine new drug-related offences, as well as previous charges of common assault, aggravated burglary, and family violence-related offences stemming from an incident in January 2026.
Is VGW still operating?
Yes, Virtual Gaming Worlds continues to operate its major platforms. Despite the founder’s legal issues and his decision to step back from the CEO role, the company remains one of Australia’s largest and most profitable private tech firms.