Ed Craven and Bijan Tehrani, the Australian billionaires behind the Stake.com cryptocurrency casino, now own more than 5 per cent of ASX-listed online bookmaker Pointsbet.
The pair told the ASX on Friday they had more than 16 million shares in Pointsbet through their local business, Easygo Gaming, in a clear signal of their intentions to earn money from traditional forms of wagering and entertainment. It is an increase from a 4.2 per cent entry stake, revealed by The Australian Financial Review in December.
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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
