Billion-Dollar VGW Buyout Deal

Laurence Escalante makes a bold move in the U.S. market.

Billionaire Laurence Escalante announced a $1 billion bid to buy out remaining shareholders of Virtual Gaming Worlds (VGW), aiming for full ownership of the company. VGW is one of the most successful sweepstakes casino operators in the world.

The move comes amid increased regulatory pressure in the U.S., where authorities are closely watching alternative casino models. Escalante’s decision signals confidence in the long-term viability of sweepstakes gaming, even as the industry adapts to new rules and oversight.