Leo Feros
Greenstone Partners
Virtual Gaming Worlds
Deal Type
Company sale
Sector
Technology
Completion Date
20th August 2025
Deal Value
$2100m
Company Background
VGW is an interactive entertainment company providing free-to-play online casino-themed social games. Its brands operate in the US and Canada and include Chumba Casino, Global Poker and LuckyLand Slots.
Deal Summary
Greenstone Partners advised Virtual Gaming Worlds (“VGW”) on its A$3.2 billion (US$2.1 billion) acquisition by Lance East Office, the family office of VGW’s Founder and CEO, Laurence Escalante, via a scheme of arrangement.
Leveraging our experience in the gaming sector and public markets M&A, Greenstone Partners was able to support the Independent Board Committee (“IBC”) in delivering a liquidity opportunity for minority shareholders, and the flexibility to maintain an investment in the VGW business.
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