Ed Craven, the Australian billionaire behind the Stake.com cryptocurrency casino, and his business partner have quietly built a stake in ASX-listed online bookmaker PointsBet in an attempt to establish a foothold on the local wagering market.
Mr Craven and his business partner, Bijan Tehrani suggested late last year that they planned to diversify assets and enter the legal Australian gambling market.
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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
