Gaming giant VGW has appointed Mats Johnson as acting chief executive officer after its embattled billionaire owner Laurence Escalante stepped away to deal with drugs and assault charges.
Laurence Escalante's online gaming company VGW Holdings has paid out more than $190 million as an interim dividend this month, as the founder seeks to buy out minority stakeholders.
Perth gaming billionaire Laurence Escalante and US venture capital fund Dream Ventures have contributed to a $7 million capital raising by fast-growing local startup WeMoney.
Perth tech company VGW Holdings has reported spectacular growth in annual revenue and profit from its online gaming operations, with shareholders rewarded with a bumper dividend.
