Sweepstakes gaming billionaire posts Insta video of a filming Ferrari driver as the luxury car speeds over the limit through a city tunnel
- Gaming billionaire posted video of Ferrari speeding through busy city tunnel
- Laurence Escalante uploaded footage to Instagram showing luxury car in Perth
- Daily Mail Australia is not suggesting billionaire was behind wheel at time
A young gaming billionaire has posted a video of a Ferrari speeding through a busy city tunnel with the footage reported to police.
Virtual Gaming World founder Laurence Escalante posted footage to his Instagram showing the luxury car driving through the Graham Farmer Freeway tunnel in Perth.
The identity of the driver remains unknown and Daily Mail Australia is not suggesting Mr Escalante was behind the wheel in the footage.
The video shows the Ferrari reaching speeds of up to 100km/h along the road where the speed limit is 80km/h.
A young gaming billionaire has posted a video of a Ferrari speeding through a busy city tunnel with the footage reported to police
Virtual Gaming World founder Laurence Escalante posted footage to his Instagram showing the luxury car driving through the Graham Farmer Freeway tunnel in Perth
The vehicle is seen speeding past several cars before driving up to the side of a white Ferrari.
It then pulls away before speeding out of the tunnel before the footage cuts out.
The footage has been reported to Western Australia Police.
In 2021, Mr Escalante joined The List – Australia’s Richest 250 for the first time with an estimated wealth of $2.15billion.
He was ranked number 33 the following year with his wealth growing to $2.99billion.
Mr Escalante’s headquarters are in Perth but VGW’s revenue comes from outside Australia.
The social gaming business, which was founded by Mr Escalante in 2010, made more than a $200million profit in 2020 with the pandemic fuelling his growth.
His billionaire status is a far cry from his humble beginnings at Hungry Jacks.
Mr Escalante was paid $5.65 an hour for 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 car modification business, Beyond Custom as well as training and coaching business, Arise Racing.
The VGW website reads: ‘VGW are the pioneers of Social Sweepstake Gaming.’
‘VGW is disrupting both the Online Social Casino and Poker markets.
In 2021, Mr Escalante joined The List – Australia’s Richest 250 for the first time with an estimated wealth of $2.15billion
‘Our innovative sweepstakes technology is the subject of patent pending applications around the world.’
In December 2020, Mr Escalante upgraded from a bungalow to a $7.5million apartment on South Perth Esplanade.
The father-of-four’s new whole floor luxury apartment has a balcony with sweeping view of Perth’s Swan River and the city skyline.
There are four bedrooms with built-in wardrobes, three bathrooms, four separate toilets and three car parking spaces.
Meanwhile, the apartment complex is four storeys with one apartment on each floor, a shared roof deck, a pool, BBQ area and gym.
Mr Escalante worked with US sweepstakes and gaming lawyers to develop VGW from a Spacecubed co-working desk on St Georges Terrace in Perth in 2010.
He then launched Chumba Casino in 2012, which uses a loophole in US anti-gambling law to deem it a sweepstakes rather than an online casino.
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