Laurence Escalante

Perth-based online gaming company VGW Holdings, founded by ‘young rich lister’ Laurence Escalante, has achieved spectacular revenue growth over the past year and reported its maiden net profit.

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.

The pandemic did little to deter some of Perth’s most prominent business leaders from opening their wallets for luxury homes.

The ranking of WA’s largest private companies has changed dramatically over the past decade.

Perth-based online gaming company VGW Holdings raked in $2.2 billion in revenue and $295 million profit in FY21, financial statements lodged with ASIC this week reveal.

Soaring valuations for tech companies and mining stocks have brought major shifts in this year’s list of WA wealth creators.

New research covering more than 600 businesses paints the most detailed picture assembled of WA’s startup and tech sectors.

New data details the expansion of Andrew and Nicola Forrest’s private company, Tattarang. Click through to see our latest ranking and analysis of Western Australia's largest private companies.

Privately-owned Perth tech company VGW Holdings has continued its spectacular growth, reporting a 63 per cent surge in revenue and a half-year profit of $308 million.

As one of only a handful of aviation lawyers in town, Rebecca Johnston’s latest gig has been helping ‘dream client’ and VGW founder Laurence Escalante secure a Bombardier 7500.

Resources billionaire Gina Rinehart has been named Australia’s wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

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.

Family offices are becoming more prominent in the investment space.

Cottesloe is home base for many in the investment world.

Ten years after opening its doors, Spacecubed has increased capacity to support WA innovators.

Gaming entrepreneur Laurence Escalante has acquired almost 10 per cent of software business icetana as part of a changing of the guard in major support.

Perth-based gaming company VGW Holdings has confirmed it is likely to pursue an IPO in North America after reporting another spectacular lift in annual profit to $454 million.

Perth-based online gaming company VGW Holdings has struck a deal to sponsor high profile Formula 1 racing team Ferrari.

Perth’s largest and most profitable tech company, VGW Holdings, has announced a share buy-back for investors wanting to cash in their holdings but has no plans for an IPO.

Gaming technology company VGW reported big revenue gains to almost $4.84 billion in the past year on the back of a significant marketing spend, but profit was down.

Laurence Escalante more than doubled his stake in artificial intelligence software firm icetana, joining global technology giant Macnica Inc and another rich-lister, Peter Meurs.

The gaming technology company is planning to occupy the top three levels of Brookfield’s under-construction Elizabeth Quay tower.

Gaming tycoon Laurence Escalante has doubled down on his involvement with Ferrari, launching a new team to race the sportscar in Australia.

Gaming tech firm VGW has posted a $207 million profit for the first half of the financial year, describing it as a pleasing result in a challenging environment with increased competition.

Entrepreneur Vikas Rambal’s $4.4 billion fortune leads a group of dozens of new names to be recognised for their wealth generation in the inaugural Business News Rich List.

WA billionaire and supercar enthusiast Laurence Escalante has unveiled his latest venture, moving into the luxury automotive business with Lance East Exotics.

Online gaming company VGW has continued to deliver for shareholders, led by founder Laurence Escalante, with its latest dividend bringing the financial year total to $360 million.

Perth-based artificial intelligence surveillance software company icetana AI shares are up 44 per cent in the five days since it released strong quarterly results.

Laurence Escalante’s Virtual Gaming Worlds has grown its profit by 30 per cent to $492 million, while also spruiking a recent acquisition.

The founders of service provider to rich families Squadron Collective and its fund manager Fiftyone Capital – initially backed by Laurence Escalante – have ended up in a court battle over control and ownership.

Laurence Escalante’s Virtual Gaming World will cease operations in Nevada from April next year, amid ongoing regulatory scrutiny across the US.

Laurence Escalante could more than double his stake in AI-driven surveillance company icetana and become its largest shareholder, as the company gears up to enter Iraq.

There have been big shifts in the ranking of WA’s largest, and most profitable, private companies over the past year.