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  1. #1
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    Default The secret Australian origins of the world’s biggest crypto casino

    Interesting article earlier this month in The Sydney Morning Herald, which reveals the founders of video gaming developer, Easygo Gaming, are "the brains behind what is believed to be world’s biggest online cryptocurrency casino,"

    A few excerpts from the article:

    Within a few short years, has processed tens of billions of bets on sports, slots and casino table games. Industry observers conservatively value the operation at $1 billion.

    The revelation is being steered from Australia has sparked alarm among anti-gambling advocates, who view it as another distressing example of how embedded betting is in the national psyche. It has caught the attention of anti-money laundering experts and also caused jitters among participants in Australia’s $25 billion-a-year wagering industry, who fear the operation could eventually pose a threat to their businesses.

    A six-month investigation by The Age and Herald has found (not to be confused with the low-cost share trading platform Stake) was set up by Easygo shareholder, 26-year-old Australian Edward ‘Ed’ Craven, in 2017 when he was working with his business partner Bijan Tehrani, 28, in the Melbourne offices of Easygo.
    While online casinos have been banned in Australia for more than 20 years, a loophole in the law means that it is perfectly legal to operate an online casino from the country, as long as it does not serve people in Australia or advertise here.’s business structure, being officially registered and licensed in Curacao, means it also sits outside Australia’s money-laundering laws.

    Together the team at have hit the jackpot regulation-wise. By legitimately using these loopholes has been able to build a casino so large it took $US12 million in bets on the outcome of the last US election alone. The Watford FC sponsorship reportedly costs the business $9 million a year. Stake is also the lead cryptocurrency betting shop for the popular mixed martial arts league, the UFC.
    The beauty of is how easy it is to use if you are already exposed to the cryptocurrency world and its incorporation of zeitgeist assets like Bitcoin and Ethereum.

    Unlike other casinos, does not deal in any traditional currencies. Instead, it allows punters to deposit cryptocurrencies into their betting account from punters’ cryptocurrency trading accounts (or wallets). Winnings are withdrawn in the equivalent value of cryptocurrency and then deposited by the player back into the original cryptocurrency wallet. But punters play in US dollars on the site and do not bet on the price of crypto-assets, meaning the cryptocurrency element is as much a gimmick as it is a way for punters and to legally avoid dealing with highly regulated banks.
    Read the entire article here:

  2. #2
    BonusFinder is offline Private Member
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    December 2020
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    Based on the EGR power rankings, isn't the world's largest crypto gambling site....

  3. #3
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    Pokerface is offline Public Member
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    Interesting article ... certainly not one of our best performing crypto brands.

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