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The Democrat News > Blog > Uncategorized > Virtual Gaming Worlds founder Laurence Escalante sets up second casino business, annoying investors
Uncategorized

Virtual Gaming Worlds founder Laurence Escalante sets up second casino business, annoying investors

Esther Udoh
Last updated: September 3, 2025 2:29 pm
Esther Udoh
Published September 3, 2025
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Contents
We’re renowned for games that people love, and we’re passionate about play.Casino laws and regulationsThe casino licenceThe Latest NewsLicences for casino employeesAbout Casino DollarsMost Viewed in BusinessLicence ConditionsCasino Control Act 1982GamingCreating a casino employee applicationFUNCTIONS AT THE CLUB

You must first read the terms and conditions for the rate you have booked as some rates have specific conditions for cancellations. Select ‘Book A Room’ via the website or ‘Check Dates’ via The Star App and choose your destination, check-in and check-out dates and number of guests. After pressing the ‘Search’ button a list of room types will appear.

  • “They have made very bad business decisions and have taken on a huge amount of debt to build its facility in Queensland,” he said, referring to its 50 per cent stake in the Brisbane Queen’s Wharf development.
  • Country Club Casino is a great entertainment venue for seasoned casino enthusiasts and Australia’s finest players.
  • Then on your Tier Review Date each year, your Tier Points balance resets to zero.
  • Australian Leisure and Hospitality Group (ALH) has been fined $38,000 in the Magistrates’ Court of Victoria for offences involving minors at its venues in 2024.
  • Police in Nevada say a gunman has shot several people outside the Grand Sierra Resort casino in Reno, killing three and wounding three others.
  • Read more about the Gotterson review or download the final report.

We’re renowned for games that people love, and we’re passionate about play.

The Membership cardholder must be the person who books, checks in and stays for the duration of the booking. You will be able to redeem any unused nights from your current Tier until your Tier Review Date. You will also be issued with Complimentary Hotel Nights from your upgraded Tier pro-rata, based on the time between when you upgrade and your next Tier Review Date.

Casino laws and regulations

  • After the government has selected a preferred applicant, negotiations will begin with completion of the casino complex and the awarding of the licence usually taking some years to finalise.
  • The foundations laid by these ancestors—our First Nations peoples—give strength, inspiration and courage to current and future generations towards creating a better Queensland.
  • Shane Tamura, 27, fatally shot three people Monday in the building lobby before taking an elevator to the 33rd floor, killing a fourth person and then ending his own life, according to police.
  • On 6 December 2022 Casinos Austria International (Cairns) was fined $10,000 after it pleaded guilty to a charge under the Casino Control Act 1982 relating to the operation of the Reef Hotel Casino.
  • Select the confirmation number to view details of that booking.
  • Assessment of The Star’s progress will inform future decisions regarding The Star Gold Coast’s licence suspension.
  • No person under the age of 18 years is permitted entry to the casino.
  • Meet some of our shareholders and view some of the many projects CFC is undertaking on our shareholder farms and in our community.

With hotel rooms, suites, or apartments to suit every need, you’ll find true relaxation at The Ville. Our casino regulation priorities include reform and oversight of casino operations and implementing agreed actions from recent reviews. Earlier this week, Star published its quarterly report, which precedes audited financial accounts due next month.

The casino licence

Qscan Group acknowledges the Traditional Owners of the land on which we operate, and pay our respects to Elders past, present and emerging. We closely monitor Queensland’s casinos and, if necessary, will take court action against casino operators that breach casino control laws and regulations. The review was initiated following serious allegations about the governance and operational arrangements of The Star entities, as well as public inquiries and regulator investigations into casino operators in other Australian jurisdictions. Federal Pontoon is an exciting variation of Blackjack with more ways to win. The object of the game is for the player’s card total to be more than the dealer’s card total by drawing cards to 21, or come closest to 21 without going over.

The Latest News

We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. “And it’ll effectively go into the control of lenders, who can decide what they do with the assets, like selling property or whatnot.” Administrations can see a company restructured or traded out of its woes, sold off to new owners, or even totally liquidated if the business is deemed unviable.

Licences for casino employees

The department acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of Queensland and pays respect to Elders past, present and emerging. We practice responsible gaming at Country Club and as our guests, we encourage you to manage your gambling expenditure to ensure both enjoyment and safety and provide some suggested guidelines. ASIC also prompted Star to set aside $150 million in cash, in case it has to pay fines over separate action taken against it by the federal money laundering regulator, AUSTRAC. Make your way to the Beef Capital of Australia, the picturesque town of Casino NSW, for the Casino Food Co-Op Beef Week Festival. Running from May 23rd to May 31st 2026, Beef Week is an annual celebration of this iconic Australian industry and the rural way of life. Taking place over 9 days, the festival provides entertainment, education and an authentic country experience for the whole family.

About Casino Dollars

  • Aristocrat strives to lead the way in responsible gameplay and good governance, among other sustainability priorities.
  • Our home offers private suites that overlook the landscaped courtyard, a comprehensive range of services and the reassurance of round-the-clock care.
  • Once your account has been registered you will be taken to your My Account page.
  • You don’t need to worry about day-to-day chores like cleaning, laundry or cooking.
  • Last week, the financial picture got even worse, when Star put out a market update indicating that its cash reserves had sunk further to just $79 million at the end of 2024.
  • Another option is receivership, which occurs when a secured creditor, such as a bank, appoints a receiver to manage or sell the company’s assets.
  • Professor Harris said the company is really only left with two options — appoint an administrator to try and save the business (“although that seems like a challenge”, he notes), or sell the assets for as good a price as they can get.

And dive into world-class gaming and entertainment experiences. In addition to those who were killed and the people taken to the hospital, three more were treated for minor injuries at the resort, according to Devon Reese, chair of the Board of Health in northern Nevada. Hours after the shooting, the entrance inside the casino leading to the valet area was roped off to guests and privacy screens were placed in front of the glass doors to block the view outside. A gunman who opened fire just outside the largest casino in Reno has killed three people and wounded three others before being taken into custody, officials say. Police in Nevada say a gunman has shot several people outside the Grand Sierra Resort casino in Reno, killing three and wounding three others.

Most Viewed in Business

The published report states that it made a loss before interest, tax, depreciation and amortisation costs of $27 million for the quarter to June 30, on revenue of $270 million. The casino operator said it may face equity contributions above this level if required as part of refinancing commitments when the current loan expires on December 31, 2025. “It suggests the company just needs to be shut down and someone else appointed to run the casino business.

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Licence Conditions

Star’s lawyers told the Federal Court last month that a fine of more than $100 million could trigger the group’s financial collapse. Star said Destination Brisbane Consortium (DBC), in which it continues to hold a 50 per cent equity stake, has a debt exposure of $1.4 billion. It now also remains exposed to $200 million of future equity contributions to DBC due to massive cost overruns at the $3.6 billion resort. Star’s Hong Kong-based co-investors in the Queen’s Wharf development have already been circling its stake. “They have made very bad business decisions and have taken on a huge amount of debt to build its facility in Queensland,” he said, referring to its 50 per cent stake in the Brisbane Queen’s Wharf development.

Casino Control Act 1982

The casino licensee may apply to the commission for an authorisation certificate to operate casino gaming machines at the casino. As part of this application the casino licensee must state the maximum number of authorisations for casino gaming machines intended to be held by the licensee. You can contact the hotel directly to change or cancel your booking. However, you must first read the terms and conditions for the rate booked as some rates have specific conditions for changes or cancellations.

Aristocrat’s game and product portfolios span both business-to-business and direct to consumer operations, and we are proud to serve our customers and entertain millions of players worldwide every day. After considering submissions from the person and the casino licensee, the Commission must confirm, change or revoke the exclusion notice. A Short Term Casino Employee Licence may be issued with an initial application. This licence is valid for a maximum period of 6 months and may not be renewed. Pending the results of all the required character checks a Full Casino Employee Licence may then be issued by the Commission. A PIN will be setup once you become a Member of The Star Club.

Gaming

  • We pay our respect to First Nations peoples and their Elders, past and present.
  • The worse-than-expected cash burn saw Star’s share drop further to a new low of about 10 cents last week.
  • Pending the results of all the required character checks a Full Casino Employee Licence may then be issued by the Commission.
  • Whether it’s for a fleeting escape or a lingering slice of solitude, find your paradise at The Ville.
  • We are working with the special manager to monitor The Star’s implementation of, and compliance with, the approved remediation plan and its progress towards suitability.
  • Aristocrat’s game and product portfolios span both business-to-business and direct to consumer operations, and we are proud to serve our customers and entertain millions of players worldwide every day.
  • Cancellation conditions period for room discount bookings may depend on the hotel or the rate booked.

Casino Dollars are your on-property currency that you can redeem for play time on the gaming floor, at selected restaurants and bars on property, for a hotel stay or for a spa treatment. Star’s inability to close the sale of its majority stake in the Queen’s Wharf casino in Brisbane to its Hong Kong-based business partners by that deadline could cost the company $36.5 million. Star has struggled to stay afloat for months, and had $234 million in cash at the start of the month. The private online casino is known as Kickr, and is owned by Escalante’s private family office and run by a former Virtual Gaming Worlds executive. The business began as a sports betting operator, and has expanded into casino games, aggravating investors in Virtual Gaming Worlds who say that Kickr is now competing with the other business that Escalante runs.

The company will release its interim results at the end of February but Morningstar analyst Angus Hewitt warns the company needs a solution before then. A Macau investor has built up a significant stake in the casino operator, spending more than $30 million on shares since September. Hyman had worked since November at Rudin Management, which owns the building and has offices on the 33rd floor. A 2020 graduate of Cornell University, she had been the captain of Riverdale Country School’s soccer, swimming and lacrosse teams in her senior year, school officials said.

Creating a casino employee application

We pay our respects to their Elders past, present and emerging. The shooter walked up to the casino-hotel’s valet parking area, pulled wolf winner out a handgun and pointed it at a group of people, police said. His gun initially malfunctioned, but he quickly was able to get it to shoot. Dive into relaxation in our infinity pool, complete with swim-up bar, sun-soaked deck and private cabanas. With 300 days of sunshine and a cool drink always at the ready, you’ll have everything you need for a spot of uninterrupted bliss. Wake up to paradise in effortless coastal style, just 10 minutes from Townsville Airport.

FUNCTIONS AT THE CLUB

The worse-than-expected cash burn saw Star’s share drop further to a new low of about 10 cents last week. “On the cost side, Star is trying to prove suitability to regain its licences both in New South Wales and in Queensland, with that leading to a massive uptick in legal, transformation and compliance costs.” “The consumer is weak with cost of living pressures, and mandatory carded play is really weighing on revenue at Star. “We won’t be bailing them out,” NSW acting premier Penny Sharpe told reporters on Monday.

Gold, Platinum and Diamond members of The Star Club earn a Casino Dollar Multiplier every time they play, stay or dine with their Membership Card. Your Tier Points balance is based on the Tier Points you have earned since your last Tier Review Date. During your Membership year, your Tier Points balance will only go up, showing you what you’ve earned. The Tier Points balance that you end your Membership year with determines your Tier and benefits for the next Membership year. Then on your Tier Review Date each year, your Tier Points balance resets to zero. On 6 December 2022 Casinos Austria International (Cairns) was fined $10,000 after it pleaded guilty to a charge under the Casino Control Act 1982 relating to the operation of the Reef Hotel Casino.

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This term, we are placing a strong emphasis on building community—not only within our school family but also as part of the… We are filled with gratitude as we look back over this year so far, and thank God for His faithful provision. One significant highlight has been the long-awaited completion of our new school driveway! What a joy it is to finally drive in each day on such a beautifully… We acknowledge and respect the Aboriginal peoples of South Australia as the first peoples and nations of South Australia. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.

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