Virtual Gaming World billionaire founder posts footage of Ferrari speeding through Perth tunnel
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Sweepstakes gaming billionaire posts Insta video of Ferrari driver filming as luxury car speeds through a city tunnel
- The gaming billionaire posted a video of Ferrari speeding through the busy city tunnel
- Laurence Escalante uploaded images to Instagram showing a luxury car in Perth
- Daily Mail Australia does not suggest that the billionaire was behind the wheel at the time
A young gaming billionaire posted video of a Ferrari speeding through a busy city tunnel with the footage reported to police.
Virtual Gaming World founder Laurence Escalante posted images on his Instagram showing the luxury car driving through the Graham Farmer Highway Tunnel in Perth.
The identity of the driver remains unknown and Daily Mail Australia is not suggesting that Escalante was behind the wheel in the footage.
The video shows the Ferrari reaching speeds of up to 100 km/h along the highway where the speed limit is 80 km/h.
A young gaming billionaire has posted video of a Ferrari speeding through a busy city tunnel with the footage reported to police.
Virtual Gaming World founder Laurence Escalante posted images on his Instagram showing the luxury car driving through the Graham Farmer Highway tunnel in Perth.
The vehicle is seen speeding past several cars before driving into the side of a white Ferrari.
He then drives away before speeding out of the tunnel before the footage cuts out.
The footage has been reported to the Western Australia Police.
In 2021, Mr. Escalante joined The List, Australia’s 250 Richest for the first time with an estimated wealth of $2.15 billion.
He was ranked 33rd the following year, and his wealth increased to $2.99 billion.
Mr. Escalante’s headquarters are in Perth, but VGW’s income comes from outside Australia.
The social gaming business, which was founded by Mr. Escalante in 2010, made a profit of more than $200 million in 2020 with the pandemic fueling its growth.
His billionaire status is a far cry from his humble beginnings at Hungry Jacks.
Escalante was paid $5.65 an hour at his first job, before moving on to work at The Reject Shop while studying at Sydney’s Macquarie University.
The billionaire is also passionate about fast cars and invested in the car modification business, Beyond Custom, as well as the training and coaching business, Arise Racing.
The VGW website says: ‘VGW are the pioneers of Social Sweepstake Gaming’.
‘VGW is revolutionizing the online poker and social casino markets.
In 2021, Mr. Escalante joined The List – Australia’s 250 Richest for the first time with an estimated wealth of $2.15 billion.
“Our innovative raffle technology is the subject of pending patent applications around the world.”
In December 2020, Escalante moved from a bungalow to a $7.5 million apartment on the South Perth Esplanade.
The father-of-four’s new full-floor luxury apartment has a balcony with a panoramic view of Perth’s Swan River and the city skyline.
There are four bedrooms with fitted wardrobes, three bathrooms, four separate toilets and three parking spaces.
Meanwhile, the apartment complex is four stories with one apartment on each floor, a shared roof terrace, a swimming pool, barbecue area and gym.
Escalante worked with US gaming and sweepstakes lawyers to develop VGW from a Spacecubed co-working desk at St Georges Terrace in Perth in 2010.
It then launched Chumba Casino in 2012, which uses a loophole in US anti-gambling law to consider it a sweepstakes rather than an online casino.