Social gaming billionaire Laurence Escalante to pocket $44m in dividends as cost of Ferrari deal revealed

Posted By: ndeeney

Social gaming billionaire Laurence Escalante is set to pocket another $40 million despite his Virtual Gaming Worlds recording a rare profit fall on booming revenues.

Higher costs and increased cash redemptions by its US players combined to send interim net profit at the privately owned VGW Holdings 36 per cent lower to $169m despite revenue continuing to soar, up 43 per cent to $2.2 billion.

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