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VGW reports A$7.3bn revenue for year to June 2025

Deals & M&A

Virtual Gaming Worlds reported revenue of A$7.3 billion for the year ended 30 June 2025, up 19%, and profit of A$656 million, up 33.5%. The company’s financial accounts showed cash reserves of nearly A$1 billion, compared with A$548.5 million a year earlier. The report also described Escalante’s 2026 buyout as valued at about A$3.2 billion.

VGW’s reported revenue, profit and cash reserves give investors a financial snapshot before its move into private ownership.

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Enforcement & compliance

Arkansas attorney general sues Kalshi and VGW over alleged illegal gambling

Arkansas Attorney General Tim Griffin filed separate lawsuits against Kalshi and VGW on Wednesday, alleging that both offered illegal gambling in the state. He seeks financial penalties, customer-loss restitution and unpaid taxes; Kalshi did not respond to a request for comment before publication.

Arkansas Attorney General Tim Griffin filed separate suits on Wednesday against Kalshi, a prediction markets operator, and VGW, a sweepstakes operator. The complaints say both firms run unlawful gambling in the state. Griffin also wants large monetary penalties, with money returned to customers and tax payments returned to the state.

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