Cryptocurrencies

Cryptocurrency casino ‘kid’ Ed Craven, co-founder of Stake.com, pays $38.5 million for Toorak mansion

Cryptocurrency casino 'kid' Ed Craven, co-founder of Stake.com, pays $38.5 million for Toorak mansion

“Buyers were sitting on the fence, but there was nothing to buy so far,” Toorak buyers’ agent David Morrell said.

Mr Craven, who has been contacted for comment, is in the process of moving from a flat in Southbank, records show. Marshall White’s Marcus Chiminello negotiated the sale on behalf of the Deagues, but declined to comment.

Housed in a modest office in Collins Street, Easygo describes itself as an Australian start-up seeking to “revolutionize the online gambling industry”. Founded in 2013, its products are used by more than 530,000 registered players, according to the website.

A survey of age and the Sydney Morning Herald revealed that Easygo is behind online crypto-casino Stake.com, shirt sponsors of English Premier League side Watford.

Easygo notes on its Twitter profile that it is the developer of Stake.com and the bitcoin dice game Primedice.com, while its website lists both gaming platforms as customers.

Not far from the Orrong Road property, Mr Pharr and his wife Rebecca have sold their five-bedroom Hamptons-style home on Hopetoun Road for more than $15million.

Industry sources said the buyer was Simon Reynolds, chief executive and co-founder of the nation’s largest independent pharmacy network, Pharmacy Alliance.

According to his profile on the Pharmacy Alliance website, Mr. Reynolds owns a number of pharmacies nationwide with combined sales of more than $80 million.

Hopetoun Road, Toorak house sold by developer Steve Pharr.

Mr. Reynolds was contacted for comment, while Mr. Pharr declined to comment.

The Pharrs in turn swapped their Toorak home for country estate in the Macedon Ranges, paying around $9m for a 26ha property on Colwells Road in Hesket.

The five-bedroom house, designed by architect Stephen Akehurst, includes gardens designed by Paul Bangay, a swimming pool, tennis court and equestrian facilities.

It was offered for sale by Luke Hardwick, co-managing director with his brother James of Kyneton-based Hardwick Meatworks, and his wife Rayna.

Chris Barrett, a partner at Marshall White, negotiated the sale of the Hopetoun Road house, Toorak, and the Hesket estate. He declined to comment.

The Hesket estate sold by Luke and Rayna Hardwick includes equestrian facilities.

The sale of the Deagues’ home to Mr Craven and Mr Pharr’s residence to Mr Reynolds follows Chemist Warehouse boss Sam Gance, who paid $43million – an Australian auction record in October of last year for a five-bedroom house on Lansell Road in Toorak.

Other high-end Melbourne sales of note include Buxton family scion and developer Charlie Buxton, who paid $10 million for a mansion in Armadale, and MaxCap boss Wayne Lasky, who paid around $16. million for one of Melbourne’s trophy homes, the Grandview Estate in Prahran.

The most expensive home sold in Melbourne is the Stonington Mansion on Glenferrie Road, Malvern, bought for $52.5 million by Chinese-born Xiao Cao, director of cattle hide exporter HJ Hides. & Skins and associated with Shanghai-listed leather manufacturer Leshan Giantstar Farming & breeding company

Figures compiled by Ray White show the number of Melbourne homes sold for $10million or more doubled last year to 100, while Sydney saw 478 sales in that price bracket, an increase of 70 %.