Easygo Gaming upped its minority position in PointsBet from 4.2% to more than 5% which represents 16 million shares.
Australian entrepreneurs Ed Craven and Bijan Tehrani, founders of Stake.com, a cryptocurrency casino operating in the gray market, have upped their stake in another sports betting company.
Now, PointsBet’s shareholder group will have a slightly different makeup. Easygo Gaming - a Melbourne-based gaming software company - upped its minority position in PointsBet from 4.2% to more than 5% which represents 16 million shares. Craven and Tehrani started Easygo in 2016 and have recently been amassing their PointsBet position through that vehicle.
Craven and Tehrani have also been linked to takeovers in the legal sports betting space before when they kicked the tires on Rush Street Interactive last year. PointsBet is still a major player in the Australia legal sports betting industry, and also retained its Canadian operations despite shuttering in the U.S. over the past year. Australians technically cannot legally play any of Stake.com’s games because customers bet with cryptocurrency on the platform.
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