EasyGo Holdings, the Australian technology company which is closely linked with the operations of global gambling giant Stake.com, has reported $257 million in net profits for the 2024/25 financial year.

Easygo submitted its financial reports late last week with $970 million in revenue and $152 million paid in corporate tax.

The Melbourne-based company, which names young billionaire Ed Craven as its sole director, disclosed it currently has 636 employees.

It is seen as a key technology partner to the global Stake cryptogambling business, which is registered in Curacao, and has grown enormously under the eye of Craven and business partner Bijan Tehrani.

Stake is not licensed to offer its services to Australian customers. A recent social media post by influencer Vanessa Sierra appeared to depict a Stake account in action in Australia.

Sierra, who was recently enlisted to promote Melbourne greyhound racing, posted a screen capture of an account with the phrase “bad day to be a bookie”.

The post was reported in Newscorp media on Monday where Stake responded that it geo-blocks Australian accounts in order to comply with local laws.

If it was found to have allowed an Australian-based user to bet on Stake, it would be liable for legal action under the Interactive Gambling Act.