The private vehicle owned by Ed Craven, the Melbourne billionaire behind the lucrative Stake.com cryptocurrency betting business, has reported revenues of more than $500 million in the last financial year.
Accounts filed with the corporate regulator show Easygo Solutions recorded $503.7 million in revenues for the 12 months to June 30, up from $453 million in the same period one year earlier. Profits rose from $206 million to $260 million in that time, and it holds $405 million in cryptocurrencies.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
