Stake.com

From Wikipedia the free encyclopedia

Not to be confused with Stake (platform).
Stake.com
IndustryGambling
Founded2017 (2017)
Headquarters
Curaçao Edit this on Wikidata
Key people
Mladen Vučković (CEO)[1]
Websitestake.com

Stake.com is an Australian-Curaçaoan online casino. It is operated by Medium Rare NV, a company incorporated in Curaçao where it holds an online casino licence.[2][3] It is a global company with offices in Serbia, Australia, Cyprus and staff globally.[4]

History

In 2016, Ed Craven and Bijan Tehrani established Easygo, a company which developed games for online casinos.[2] The two helped create Stake.com, which was founded in 2017.[2]

In December 2021, Stake.com launched in the UK in partnership with TGP Europe.[5]

On August 1, 2022, Stake.us was opened, to offer service to players in the United States.[6]

In June 2023, a federal judge in Manhattan dismissed a $580 million lawsuit against Stake.com due to jurisdictional issues. The plaintiff, Christopher Freeman, was an early associate of Craven and Tehrani, alleged he had been shut out of the business and mislead using illegal tactics.[7][8]

On September 4, 2023, over US$41 million in funds was stolen from one of the company's Ethereum wallets in an apparent hack.[9] The Federal Bureau of Investigation attributed the hack to North Korea's Lazarus Group.[10]

Offerings

Stake.com offers traditional casino games (such as slots, blackjack and roulette) and sports betting.[2][11] It offers video streams with live dealers.[2]

Users at Stake.com generally transact in cryptocurrencies rather than traditional currencies for their betting accounts.[2] Account balances can be withdrawn in the equivalent value of cryptocurrency and then deposited back into the user's personal cryptocurrency wallet.[2] Users of Stake.com's UK site deal only in fiat currency.[5]

Sponsorships

Stake.com has invested in sponsorship deals across several sports, including with UFC fighter Israel Adesanya,[12] English football teams Gillingham, Watford, Everton,[13][14] Indian football club Mumbai City,[15] Argentine footballer Sergio Agüero,[16] Formula One reserve driver Pietro Fittipaldi and his brother, Formula 2 driver Enzo Fittipaldi,[17] Canadian musician Drake,[18] and the Gennady Golovkin vs. Ryōta Murata boxing match.[19]

In January 2023, the Alfa Romeo F1 Team announced that Stake would be their title sponsor in a multi-year deal, with the team renamed to "Alfa Romeo F1 Team Stake".[20] The sponsorship deal continued with Sauber after Alfa Romeo's departure from Formula One at the end of the 2023 season. Sauber entered the 2024 and will enter 2025 seasons as "Stake F1 Team Kick Sauber" but goes as "Stake F1 Team" on a day-to-day basis.[21]

References

  1. ^ Fletcher, Robert (2022-02-10). "Stake.com extends UFC LatAm partnership to cover Brazil". iGaming Business. Retrieved 2022-04-27.
  2. ^ a b c d e f g Danckert, Sarah (2021-12-10). "The secret Australian origins of the world's biggest crypto casino". The Sydney Morning Herald. Retrieved 2022-04-25.
  3. ^ "Medium Rare N.V. :: Curaçao :: OpenCorporates". opencorporates.com. Retrieved 2023-09-12.
  4. ^ Begley, Patrick (2024-02-22). "Stake: Inside Edward Craven's 'money machine'". The Sydney Morning Herald. Archived from the original on 2024-02-21. Retrieved 2024-04-15.
  5. ^ a b Orme-Claye, Ted (2021-12-17). "Stake.com commences UK sports betting and casino operations". SBC News. Retrieved 2022-04-25.
  6. ^ Chaser, Bitcoin (2022-08-02). "Stake.us Casino Officially Launched For US Players". BitcoinChaser. Retrieved 2024-01-22.
  7. ^ Danckert, Sarah (2023-06-27). "Australian-based Stake.com founders dodge $580 million claim". The Sydney Morning Herald. Retrieved 2023-09-05.
  8. ^ Davies, Rob; Rosca, Matei (2022-09-03). "Crypto gambling site that sponsors Everton FC hit with $400m lawsuit". The Guardian. ISSN 0261-3077. Retrieved 2023-09-05.
  9. ^ Mason, Max (2023-09-05). "More than $60m stolen from Young Rich Lister's crypto casino". Australian Financial Review. Retrieved 2023-09-05.
  10. ^ Mason, Max (2023-09-08). "North Korea behind $60m heist from Young Rich Lister's crypto casino". Australian Financial Review. Retrieved 2023-09-09.
  11. ^ Danckert, Sarah (2022-03-17). "Australian casino donates to Ukraine but questions remain over Russian gamblers". The Sydney Morning Herald. Retrieved 2022-04-25.
  12. ^ Orme-Claye, Ted (2021-01-20). "The UFC's middleweight king combines with Stake.com". Insider Sport. Retrieved 2022-04-27.
  13. ^ Hunt, Holly (2021-07-22). "Watford inks 'club-record' principal partnership with Stake.com". Insider Sport. Retrieved 2022-04-27.
  14. ^ Thomas, Joe (9 June 2022). "Everton new shirt sponsor revealed as 'record' deal struck with gambling firm". Liverpool Echo. Retrieved 18 June 2022.
  15. ^ "Mumbai City FC Announce Stake News As A Principal Partner". Mumbai City FC. 2022-08-16. Archived from the original on 18 August 2022. Retrieved 2022-08-18.
  16. ^ Sale, Jessie (2022-02-01). "Stake.com signs Sergio Aguero to boost global brand visibility". SBC News. Retrieved 2022-04-27.
  17. ^ Fletcher, Robert (2022-03-15). "Stake.com links up with motorsports' Fittipaldi brothers". iGaming Business. Retrieved 2022-04-27.
  18. ^ "Drake to host exclusive live streams on Stake.com". SBC News. 2022-03-03. Retrieved 2022-05-04.
  19. ^ Ross, James (2022-03-29). "Stake.com enters the ring to sponsor the 'Big Drama' in Japan". CasinoBeats. Retrieved 2022-04-27.
  20. ^ "Alfa Romeo confirm new title sponsor and team name change ahead of 2023 season | Formula 1®". formula1.com. Retrieved 2023-01-28.
  21. ^ Cooper, Adam (2024-01-01). "Renamed Stake F1 team reveals new logo". Motorsport.com. Archived from the original on 2024-01-01. Retrieved 2024-01-01.
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