Virtual Gaming World Sa

About Virtual Gaming World

Short Description
VGW is disrupting both the Online Social Casino and Poker markets. Our innovative sweepstakes technology is the subject of patent pending applications around the world.

  • Pioneering Sweepstake Gaming
  • Chumba Casino are developed in-house
  • Innovative technology
  • Real cash prizes

Almost all of VGW’s customers are in North America, playing virtual games such as its Chumba Casino suite of online poker machines, poker and blackjack table games, and Luckyland Slots.

Customers, pay real money to buy virtual “gold coins” to play, and while there is no value outside of the online games, VGW operates under a sweepstakes model that allows users living in countries where online casinos are banned the chance to win promotional sweepstakes prizes that can be redeemed for cash.

“Laurence Escalante quoted in The Australian Newspaper in March 2021 – VGW’s CEO has previously raised money in private funding rounds and its shareholders have the ability to trade its shares on the Primary Markets platform, an independent marketplace for unlisted companies that effectively means VWG shares can be traded in an “over-the-counter” market.

Results

VGW commenced trading on the VGW Private Trading Hub in October 2018, with the first trade at A$0.16 per share.
VGW has had a stellar 12 months, which has seen its share price rise to A$3.00 per share in March 2021 (+758% over 12 months).
VGW has since attracted widespread interest from PrimaryMarkets Members, as well as its existing shareholder base.
In the 2015 financial year, VGW made a $2.7 million loss from only $3.7 million revenue. By 2019 the company’s revenue was $351 million, and it achieved a net profit of about $28 million. That figure was more than trebled in the last half of 2020.

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