The key Australian origins of the world’s greatest crypto on line casino


In a small, low-key workplace on Collins Avenue within the coronary heart of the Melbourne CBD, a profitable Australian start-up is quietly going about its work.

On the floor, the group at Easygo Gaming seem like a typical group of online game builders, dwelling the start-up dream. Their Instagram web page exhibits group lunches and an inhouse barista at their Royal Financial institution Chambers workplace, laid-back boat cruises for particular events and spin-the-wheel video games with prizes like iPhones for workers.

However beneath the healthful imagery lies a darkish secret.

The Age and the Sydney Morning Herald can reveal the founders of Easygo are the brains behind what’s believed to be world’s greatest on-line cryptocurrency on line casino, – recognized to some because the shirt sponsor of UK Premier League group Watford.

Inside a couple of brief years, has processed tens of billions of bets on sports activities, slots and on line casino desk video games. Trade observers conservatively worth the operation at $1 billion.

The revelation is being steered from Australia has sparked alarm amongst anti-gambling advocates, who view it as one other distressing instance of how embedded betting is within the nationwide psyche. It has caught the eye of anti-money laundering specialists and in addition brought on jitters amongst individuals in Australia’s $25 billion-a-year wagering trade, who concern the operation may ultimately pose a risk to their companies.

A six-month investigation by The Age and Herald has discovered (to not be confused with the low-cost share buying and selling platform Stake) was arrange by Easygo shareholder, 26-year-old Australian Edward ‘Ed’ Craven, in 2017 when he was working together with his enterprise companion Bijan Tehrani, 28, within the Melbourne places of work of Easygo.

“If America has a blind spot it’s weapons, the remainder of the world appears to be like at us and says it’s playing. We’re utterly captured by it. So right here, with this enterprise, is one other instance”

Anti-gambling advocate Tim Costello

Regardless of showing on the floor to be a on line casino operated by an organization arrange within the Dutch Caribbean Island of Curacao, could be very a lot Australian. Not solely was it launched in Melbourne, some senior employees work out of Easygo’s places of work and the video games Easygo develops are on line casino video games for

Whereas on-line casinos have been banned in Australia for greater than 20 years, a loophole within the legislation signifies that it’s completely authorized to function an internet on line casino from the nation, so long as it doesn’t serve folks in Australia or promote right here.’s enterprise construction, being formally registered and licensed in Curacao, means it additionally sits exterior Australia’s money-laundering legal guidelines. is a homegrown firm.Credit score: Photographs: Fb

Collectively the group at have hit the jackpot regulation-wise. By legitimately utilizing these loopholes has been in a position to construct a on line casino so giant it took $US12 million in bets on the result of the final US election alone. The Watford FC sponsorship reportedly prices the enterprise $9 million a 12 months. Stake can be the lead cryptocurrency betting store for the favored combined martial arts league, the UFC.

Australia’s playing blind spot’s rise comes as playing in Australia exploded throughout COVID-19, with authorities analysis indicating a growth in on-line betting throughout 2020 and 2021.

In recent times, Australia has emerged as a centre of world playing trade – we sport the biggest losses per individual in comparison with another nation on the planet. And now, aided by loopholes in on-line on line casino legal guidelines, Australia is now starting to export its playing obsession to the world.

Outstanding anti-gambling advocate, Reverend Tim Costello, says he’s dissatisfied that beneath present laws, an internet on line casino is legally allowed to have some operations in Australia.

“Whether or not it’s the taxpayer or the federal government being ripped off or whether or not it’s crime, whether or not it’s being the centre of what has the best playing losses per head on the planet, for an entire host of causes it’s a loophole which needs to be closed,” says Costello.

Reverend Tim Costello is one of Australia’s leading anti-gambling campaigners.

Reverend Tim Costello is certainly one of Australia’s main anti-gambling campaigners.

“If America has a blind spot it’s weapons, the remainder of the world appears to be like at us and says it’s playing. We’re utterly captured by it. So right here, with this enterprise, is one other instance,” he provides.

This masthead invited Craven and Tehrani to be interviewed for this story to elucidate’s enterprise, its success and why they have been supporters of on-line casinos. Craven responded politely declining the provide. Neither responded to detailed questions on their companies. Recent Instagram posts from this week present the Easygo group was as a substitute busy holding a catered Christmas get together at its Collins Avenue places of work.

The crypto part

The fantastic thing about is how simple it’s to make use of if you’re already uncovered to the cryptocurrency world and its incorporation of zeitgeist property like Bitcoin and Ethereum.

Not like different casinos, doesn’t deal in any conventional currencies. As a substitute, it permits punters to deposit cryptocurrencies into their betting account from punters’ cryptocurrency buying and selling accounts (or wallets). Winnings are withdrawn within the equal worth of cryptocurrency after which deposited by the participant again into the unique cryptocurrency pockets. However punters play in US {dollars} on the positioning and don’t wager on the value of crypto-assets, that means the cryptocurrency factor is as a lot a gimmick as it’s a approach for punters and to legally keep away from coping with extremely regulated banks.

In each different approach, is an everyday on-line on line casino. It provides an enormous variety of on line casino fashion video games from slots to sports activities betting to conventional on line casino fare like roulette and stay streams of on line casino video games with real-life hosts spinning wheels for punters.

Stake additionally provides a sportsbook permitting punters to wager on an enormous vary of sports activities from the NBA to baseball to English Premier League in addition to MMA and UFC fights. The group is now seeking to increase into horse race betting as effectively, although it isn’t clear whether or not they are going to provide bets on Australian horse races.

From Curaçao to Melbourne

At first blush has no hyperlinks to Australia.

It’s web site lists the on line casino’s operator as an organization – Medium Uncommon NV – integrated in sleepy Curacao. Medium Uncommon holds an internet on line casino licence from the Caribbean nation. The restricted firm information don’t reveal its administrators or shareholders. The one element on these information is its handle – which seems on Google Maps to be an outdated warehouse constructing that homes a catering enterprise.

But in some ways is a really Australian outfit.

Together with the presence of’s founders in Australia, a number of employees members additionally use Easygo and interchangeably of their LinkedIn profiles or record their jobs as senior positions at The Fb transparency pages for and additionally present the vast majority of employees administrating these pages are primarily based in Australia.

The transparency page on’s Facebook page shows the majority of staff

The transparency web page on’s Fb web page exhibits the vast majority of employees Credit score:Fb

Dream group

How Craven and Tehrani turned mates is a thriller. Web discussion board posts point out they turned concerned on the planet of on-line casinos as younger adults, by way of the institution of, when Craven was simply 18 years outdated and Tehrani 20.

In 2016, the pair arrange Easygo which targeted on creating video games for on-line casinos and helped construct into an internet on line casino powerhouse.

Since 2017, Craven has constructed up a substantial profile on-line as the general public face of Reasonably than utilizing his actual identify, Craven seems on-line utilizing the identify Edd Miroslav to speak with gamers on chat boards and social media. Former employees mentioned this was for privateness causes given the wild recognition of the positioning.

Till earlier this 12 months, ‘Miroslav’ appeared weekly on livestream platform Twitch the place he filmed himself enjoying the on line casino’s slots and stay motion video games whereas 1000’s of followers watched on. This masthead has noticed hours of this livestream and has obtained downloads of certainly one of his close to two-hour clips the place he’s proven inserting a $2,500 wager on a UFC struggle, enjoying slot video games and speaking about dwelling in his condominium in Melbourne’s CBD.

Craven has deep roots in Australia. Raised close to Coffs Harbour, he now lists as his handle a $15 million penthouse condominium in Melbourne’s Southbank that was bought earlier this 12 months by a household property funding firm. Craven is the only shareholder of Easygo, whereas his father Jamie Craven –who was banned from working in monetary providers for 5 years and jailed for six months over the late Eighties collapse of Spedley Securities – is listed because the director of Easygo.

Much less is thought about Tehrani. Former workers instructed Tehrani spends a variety of his time in the USA nowadays however as soon as spent vital time in Australia. He has companies right here and gave a penthouse within the Eureka tower overlooking Crown on line casino as his dwelling handle on firm information. He seems on no official information for or Easygo, however does seem in social media posts for Easygo and has a working e-mail on the firm.

Tehrani didn’t reply questions on whether or not he was the prolific web discussion board poster, Stunna, one of many claimed founders of and Primedice. A number of former employees members confirmed the quiet American-Australian was certainly Stunna and a founding father of “So far as their work goes I’ve at all times seen them as equals,” says one former staffer who declined to be named for skilled causes.

Bijan Tehrani, swimming

Bijan Tehrani, swimming Credit score:Fb

Collectively the pair have constructed up a enterprise that has employed dozens of younger Australians and helped younger builders get invaluable expertise. Workers who’ve labored with each founders had largely good issues to say about their former bosses. They described Craven and Tehrani as pleasant, trustworthy and good-natured. Many have been defensive of the duo when contacted by The Age and Herald saying any try to color a foul image of Easygo or can be unfair. None agreed to go on the file.

Hitting the regulatory jackpot

The Australian Communications and Media Authority is the regulator of on-line playing in Australia which is roofed by the Interactive Playing Act (the IGA). State governments and native regulators that cope with actual life casinos like Crown and registered betting retailers don’t have any involvement in overseeing on-line casinos.

A spokesman for ACMA confirmed to The Age and Herald it’s authorized beneath the IGA to function a overseas licensed on line casino from Australia.

“The IGA prohibits on-line on line casino fashion providers, whether or not they’re primarily based abroad or in Australia from being offered or marketed to individuals in Australia,” the spokesman mentioned in a press release. “The IGA additionally prohibits Australian primarily based on-line on line casino fashion providers from being offered to clients in ‘designated’ overseas international locations. Thus far, no international locations have been designated.“

Below the act, the one approach may even come near breaking Australian legal guidelines is that if Australians can entry the positioning. However seems to be enjoying inside the bounds of Australian legal guidelines.

The Age and Herald investigation discovered it comparatively simple to entry from Australia utilizing a pre-existing cryptocurrency account, a VPN and a ludicrously foolish dwelling handle.

A spokesman from ACMA says: “We’re conscious that clients can use a VPN to masks their true location. Nevertheless, beneath part 15AA of the IGA, a service supplier should use affordable diligence to determine if their providers are being offered to clients primarily based in Australia.”

Nevertheless, beneath the act, the “affordable diligence” take a look at doesn’t ask very a lot of the operator. An operator can meet the affordable diligence by asking gamers to offer an handle and checking that handle just isn’t in Australia earlier than permitting entry to the on line casino. The act doesn’t say operators need to assess the accuracy of the knowledge offered by punters or ask for any type of ID.

Dangerous enterprise’s enterprise construction and operations additionally increase questions concerning the weaknesses in Australia’s anti-money laundering and counter-terrorism financing legal guidelines. The legal guidelines require native playing teams to have methods and protocols in place to maintain out cash launderers and different legal components.

Neil Jeans, pictured at the Crown Inquiry. Jeans is one of  Australia’s leading AML-CTF experts working with Austrac and corporations like Crown.

Neil Denims, pictured on the Crown Inquiry. Denims is certainly one of Australia’s main AML-CTF specialists working with Austrac and companies like Crown.

Counter cash laundering professional Neil Denims, of agency Initialism says has been in a position to “dance between the raindrops” of Australian legal guidelines and laws and has structured itself in a approach that “legitimately avoids full AML/CTF scrutiny globally” by being registered and licensed in Curacao.

“Protection – or being caught – by Australia’s AML/CTF Act is presently predicated on a enterprise offering one, or extra, of a variety of providers designated by the AML/CTF Act to folks in Australia,” Denims, who was professional witness for Austrac in its blockbuster circumstances in opposition to Westpac, says.

“This strategy could be very totally different to most different international locations who regulate on the premise of the kind of enterprise reasonably than the availability or a service to a folks in a selected nation. The designated providers strategy by Australia creates loopholes which a enterprise can exploit to keep away from being regulated.”

Denims says the weak point within the legislation was significantly regarding given the numerous money-laundering and counter-terrorism financing dangers.

“The true query is are these “loopholes” applicable for an internet on line casino within the present setting, significantly if you overlay using digital currencies?”

The considerations proven by specialists, individuals within the licensed betting trade and anti-gambling campaigners suggests the reply to that query is a tough ‘no’.


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