The secret Australian origins of the world’s biggest crypto casino
$6,000 Welcome Bonus
Easygo Gaming is a successful start-up based in Melbourne. The founders of Easygo are behind Stake.com, the world's biggest online cryptocurrency casino. St.ake is also the shirt sponsor of Watford. It is registered and licensed in Curacao and operates from Australia. Anti-gambling advocates are concerned about the operation. Online casinos have been banned in Australia for more than 20 years. It's legal to operate an online casino from the country as long as it does not serve people in the Australia or advertise here. Some of the games Easygos develop are casino games for Stakes.
The secret Australian origins of the world’s biggest crypto casino.
Stake.com’s rise comes as gambling in Australia exploded during COVID-19. Government research suggests a boom in online betting during 2020 and 2021. Australia has the largest gambling losses per person compared to any other country. Reverend Tim Costello is disappointed that an online casino is legally allowed to have some operations in Australian. Easygo team was busy holding a catered Christmas party at its Collins Street offices.
Stake.com is an online casino that offers a sportsbook and a casino. It is also a place to deposit and withdraw cryptocurrencies. The group is looking to expand into horse race betting. It's not clear whether they will offer bets on Australian horse races. Stake is based in Australia. They are the world's biggest crypto casino, according to some estimates.
Stake.com is based in Curacao. The company Medium Rare NV was incorporated in the Caribbean. It has an online casino licence from Curaçao, but the company's address is an old warehouse building. Most of Stake's founders and most of its staff are based there.
Craven and Tehrani are the founders of Stake.com and Easygo. Craven is the sole shareholder of EasyGo. Tehran is an American-Australian businessman who lives in Melbourne. He has businesses in the US and Australia. He is also a prolific internet forum poster. His real name is Edd Miroslav. The masthead obtained some of his videos. They show him playing online casinos and talking about his lifestyle. It is not clear how they met. Jamie Cravent was banned from working in financial services for five years and jailed for six months.
Stake.com is operating a foreign licensed casino from Australia. The Interactive Gambling Act prohibits online casinos from being provided or advertised to persons in Australia only. Stake is using a pre-existing cryptocurrency account, a VPN and a ludicrously silly home address. The act does not require the operator to assess the accuracy of the information provided by punters or ask for any form of ID. It is possible to use aVPN to mask the location of a user.
Stake.com's business structure and operations raise questions about the weaknesses in Australia's anti-money laundering and counter-terrorism financing laws. The law requires local gambling groups to have systems and protocols in place to keep out money launderers and other criminal elements. Stake is registered and licensed in Curacao. The designated services approach by Australia creates loopholes which a business can exploit to avoid being regulated.
