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Somewhat related, Western Australia's newest billionaire, Laurence Escalante, got rich by running a sweepstakes betting company that operates only in the US. h
by a_bonobo 2y ago
Somewhat related, Western Australia's newest billionaire, Laurence Escalante, got rich by running a sweepstakes betting company that operates only in the US.
https://www.afr.com/companies/games-and-wagering/escalante-raises-stakes-as-gaming-empire-loses-dominance-20240627-p5jpgp https://www.afr.com/companies/games-and-wagering/escalante-r...
The company does not operate its games in Australia, where that kind of gambling is illegal (or rather, there are far more rules before people can enter the draw). Are Americans just easy marks?
- ttyprintk 2y agoFor scale, this is a good comparison. His company had net earnings close to the totals by guided scams. These are smartphone-based slot machine games; for some reason called “sweepstakes”. When an addicted person talks about that, they have the same reservations and shame as a scammed person.