Easygo logo

Easygo

Melbourne, Australia1100 employees, since 2016

Quick Intro

Easygo.io is a technology company based in Melbourne, Australia, known for its diverse range of online entertainment products. It operates brands such as Stake (a leading online casino and sportsbook), Kick.com (a live streaming platform), and Twist Gaming (a game design studio). Easygo focuses on innovation, community engagement, and strategic partnerships to drive growth in the entertainment industry[1][2][3].

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Business Model

Easygo.io primarily generates revenue from its online gaming and streaming platforms. The main revenue streams include:

  • Online Casino: Easygo is behind the popular online casino Stake, which attracts millions of users daily.
  • Streaming Platform: KICK offers a creator-first model with a 95/5 revenue split, engaging over 40 million users.
  • Gaming Studios: Provides customized gaming solutions for operators and developers.

These streams suggest a diversified approach within the entertainment sector, focusing on both gaming and streaming services. However, the diversification is primarily within the digital entertainment industry rather than across multiple sectors.

Financials

Revenue Streams and Growth

  • EasyGo primarily derives revenue from its involvement in the online streaming and digital entertainment sectors.
  • Established in 2018, the company has recently expanded through the acquisition of brands like Kick.
  • Although EasyGo has not made investments or acquisitions previously, its recent acquisition by Rubicon Capital Advisors indicates a strategic growth move.
  • The company gained media attention through 5 events in the last year, suggesting growing visibility and potential market expansion.

Profitability Metrics

  • No specific financial metrics are provided in the data, but the acquisition by Rubicon Capital Advisors is likely indicative of positive valuation.
  • EasyGo’s shareholding structure, with Ed Craven and Bijan Tehrani retaining major control, suggests that they are focused on maintaining profitability through sustained management strategies.
  • The recent funding round in October 2023 may also contribute to improving financial health, although detailed financial outcomes are not disclosed.

Strategic Initiatives

  • EasyGo has focused on expanding its market reach through the acquisition of Kick, which positions it in the competitive streaming landscape.
  • The co-founders' involvement in the online gambling sector provides significant industry expertise, potentially driving strategic growth initiatives for EasyGo.
  • The organization has shown commitment to establishing partnerships and collaborations within the media and entertainment sector to enhance its growth trajectory.

Biggest Challenges

  • The company faces stiff competition from established players in both the streaming and online gambling markets.
  • Lack of prior investment or acquisition activity may limit EasyGo’s resources for significant expansion initiatives.
  • Media coverage highlights a focus on internal changes rather than growth announcements; maintaining momentum is crucial in a rapidly evolving industry.
  • Potential challenges include navigating the intricacies of new market regulations and consumer preferences in the dynamic digital landscape.

Target Customers

Easygo.io primarily targets the online gaming and entertainment industry. Its products, such as Stake (an online casino) and Kick (a live streaming platform), are designed to appeal to a broad audience interested in these sectors. The targeted customers include gamers, streamers, and entertainment enthusiasts globally, with a focus on creating community-driven experiences through innovative technology and strategic partnerships[1][3][5].

Main Competitors

Easygo's primary competitors in the online gaming and entertainment industry include Big Time Gaming, BetTech Gaming, and ZeroFlucs. These competitors differentiate themselves through various strategies:

  • Big Time Gaming focuses on innovative slot games, offering unique features and mechanics.
  • BetTech Gaming provides comprehensive gaming solutions, emphasizing customization and integration.
  • ZeroFlucs likely competes by offering competitive odds or specialized betting services, though specific details are not provided.

Easygo itself differentiates through its provably fair algorithms, crypto platforms, and sportsbooks, along with its popular brands like Stake and Kick[1][2].

Office Locations

Easygo Gaming is headquartered in Melbourne, Victoria, Australia, with its main office located at 2 Queen Street, Melbourne[2][4]. The company has a significant presence in Melbourne, where the majority of its team is based[1][3]. However, there is no specific mention of other global offices beyond Melbourne, suggesting that while Easygo's products and influence are global, its workforce is primarily concentrated in Australia.

As for the global nature of the workforce, Easygo Gaming is described as a global tech startup with products used by millions worldwide, but the workforce itself is not explicitly stated to be globally distributed[1][3]. The company's growth and ambition suggest a potential for future expansion, but currently, Melbourne remains the central hub for its operations[3][5].

Easygo's workforce has grown significantly, from humble beginnings to over 400 employees, indicating a strong and expanding team[3][5]. Despite this growth, there is no detailed information on a globally distributed workforce, suggesting that while the company's impact is global, its workforce is primarily based in Melbourne.

Tech Stack

Easygo.io is built on several foundational technologies, including:

  • Svelte: A JavaScript framework for building web applications.
  • Node.js: A JavaScript runtime environment for server-side development.
  • TypeScript: A superset of JavaScript for better code maintainability.
  • Kubernetes: An orchestration tool for containerized applications.
  • GraphQL: A query language for APIs to manage data efficiently.
  • JavaScript: Used for client-side scripting and dynamic web content.
  • Modern cloud environment: Hosting infrastructure for scalability and reliability[3].
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Products and Services

Easygo.io, associated with Easygo Gaming, focuses on developing online gaming products, including casino games, crypto platforms, and sportsbooks. These products are built on "provably fair" algorithms and cater to millions of users worldwide. The main problems they solve include:

  • Providing engaging and fair gaming experiences through advanced algorithms.
  • Enhancing user verification by partnering with companies like Veriff to automate identity checks, reducing manual verification backlogs and improving customer onboarding speed[2][3].

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