Ed Craven

Last updated
Edward Craven
NationalityAustralian
OccupationEntrepreneur
Known forCo-founder of online casino Stake.com and live-streaming platform Kick
Website kick.com

Edward Craven (born 1995[ citation needed ]) is an Australian billionaire businessman. He is primarily known for co-founding the online casino Stake.com and the live-streaming platform Kick. [1] [2] [3]

Contents

Career

Pre-Stake

After experimenting together with Bijan Tehran with virtual gambling in RuneScape, Craven and Tehran created Primedice, a cryptocurrency-based online dice game in 2013. [4] [5] In 2016, they launched Easygo, a company specializing in online casino games. [6]

Stake.com

In 2017 the Stake.com brand debuted, operating through a license in Curaçao. The company maintains offices in Serbia, Australia, and Cyprus. It became one of the world's largest gambling companies due to its user-friendly interface, innovative betting options, the integration of cryptocurrency transactions and collaborations with celebrities. [7]

Stake.com expanded to the UK in December 2021 through a partnership with TGP Europe. It serves as the main shirt sponsor for Everton FC and Watford FC, and also backs the Alfa Romeo Formula One team. [8] [9]

From 2022, Canadian musician Drake was paid $100 million annually to endorse Stake on social media. [10] [11]

Kick

Launched in 2022 by Craven and his business partner, Bijan Tehrani, Kick as a competitor to Amazon's Twitch. Kick, an online live-streaming platform, was launched in Melbourne in 2022 by Craven and his business partner, Bijan Tehrani. [12] The platform provides an alternative to the popular streaming service Twitch, as it provides a 95-5% split of revenues to content creators. [13]

According to the Australian Financial Review , Kick, under the management of Craven, has increased its visibility and appeal through sponsorships with well-known organizations, including the Alfa Romeo F1 Team and Everton Football Club. These sponsorships reflect Craven’s strategic efforts to establish a prominent presence for Kick in the live-streaming industry. [3]

In January 2024, Kick and Stake became the title sponsors of the Sauber F1 team [14] for the 2024 and 2025 seasons ahead of Audi taking control of the team in 2026. [15]

Personal life

Craven plays online games and livestreams his gameplay on Kick. He has streamed alongside celebrities including Drake. [16]

In October 2022, Craven debuted on Australia's Young Rich List [17] and in March 2023 was included in the Richest 250 issued by The Australian, [18] with a reported net worth of $2.01 billion. [19] In 2021 he donated $10m to GiveWell. [20]

Craven resides in Melbourne. In 2022 he purchased the most expensive house in Toorak, Victoria. [21]

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References

  1. ↑ Begley, Patrick (2024-02-21). "The private chat messages from inside an Australian billionaire's 'money machine'". The Sydney Morning Herald. Retrieved 2024-03-01.
  2. ↑ Bucci, Nino (2022-08-16). "High stakes: the cryptocurrency casino king who bought the most expensive house in Victoria". The Guardian. ISSN   0261-3077 . Retrieved 2024-03-01.
  3. 1 2 "Rich Lister accused of encouraging 'incredibly inappropriate' behaviour". Australian Financial Review. 2023-10-12. Retrieved 2024-03-01.
  4. ↑ "Stake.com: the Aussie gambling minnow that made it big on crypto". www.ft.com. Retrieved 2024-05-23.
  5. ↑ "The men conquering crypto … but are the stakes too high?". The Australian.
  6. ↑ "The secret Australian origins of the world's biggest crypto casino". The Sydney Morning Herald. 10 December 2021.
  7. ↑ "No room at the inn for Stake.com crypto billionaires". theaustralian.
  8. ↑ "Alfa Romeo F1 team announce co-title partnership with Stake". Reuters. 27 January 2023.
  9. ↑ "Everton FC - News, pictures and video". The Mirror US. Retrieved 2024-03-01.
  10. ↑ "Stake.com: the Aussie gambling minnow that made it big on crypto". www.ft.com. Retrieved 2024-03-01.
  11. ↑ "📰 Why Isn't Drake Playing High Stakes Poker?". HighStakesDB. 2023-11-21. Retrieved 2024-03-01.
  12. ↑ "Top Twitch creator endorses platform connected to crypto gambling site". The Washington Post.
  13. ↑ "Kick Vs. Twitch: Choosing the Right Platform for Live Streaming". OBSBOT - The Best Auto-Tracking Webcam. Retrieved 2024-03-01.
  14. ↑ "Sauber's new team name unveiled after Alfa Romeo departure". www.formula1.com. Retrieved 2024-03-22.
  15. ↑ "Audi expands commitment to Formula 1 with 100% takeover of Sauber | Formula 1®". www.formula1.com. Retrieved 2024-03-22.
  16. ↑ "Drake and crypto betting site Stake officially announce partnership: 'It was inevitable'". USA Today. 4 March 2022.
  17. ↑ "Meet this year's 26 Young Rich List debutants". Australian Financial Review. 25 October 2022.
  18. ↑ "'We've had to forge our own path'". The Australian.
  19. ↑ "Ed Craven Net Worth | Stake.com & Kick Founder". www.slotsup.com. Retrieved 2024-03-01.
  20. ↑ Martinez, Olivia (2024-02-09). "The 5 Richest Gamblers and Their Net Worth – Who They Are and How They Accumulated Their Billions". Bettors Insider. Retrieved 2024-03-01.
  21. ↑ Bucci, Nino (16 August 2022). "High stakes: the cryptocurrency casino king who bought the most expensive house in Victoria". The Guardian.
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