But competition and regulatory pressures are mounting. The success of Virtual Gaming Worlds (VGW), which runs the popular Chumba Casino platform and similar games, has made Mr Escalante wealthy.

Despite regulatory hurdles in its flagship US markets, the WA-founded VGW Holdings pulled in a 30 per cent higher net profit of $492 million in the year to June 30 on record revenue of $6.1 billion.

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VGW Holdings (which trades as Virtual Gaming Worlds) is an Australian-based technology company that develops and operates online social casino-style games. VGW games include brands such as Chumba ...