Keohane & D'Alessandro

What Keohane & D'Alessandro does

188BET is an online sports betting and casino gaming platform founded in 2007 and operated by CyberArena Ltd., a privately held corporation registered in Belize (registration number 34056). The platform holds a gambling license from the Isle of Man Gambling Supervision Commission and serves Thai players as its primary market, while supporting nine languages (English, Chinese, Indonesian, Japanese, Korean, Thai, Vietnamese, Malay, Portuguese) for broader Asian and emerging-market reach. Its offering spans four product verticals: sports betting (20+ sports and up to 10,000 events per month with margins of 2-4%, including Asian handicap, in-play, and exotic markets), online casino (3,000+ slots and live dealer games from 10+ providers including Pragmatic Play, Microgaming, Evolution, PlayTech, 1×2 Gaming, Big Time Gaming, Betsoft, iSoftbet, and OneXTwo Gaming), esports betting (Dota 2, Valorant, League of Legends, CS:GO, Mobile Legends, PUBG, ROV with a 50 THB minimum), and lottery/virtual sports via XJ and TC Gaming.

The technology stack comprises a self-service web platform at 188bet-th.asia, dedicated Android (Android 9+) and iOS (iOS 16+) mobile applications distributed via QR code, real-time odds engines that refresh every five seconds, free live streaming for in-play markets, a cash-out function for early position locking, and push notification engagement rails. Underlying platform features include registration via email or Google sign-in, video KYC onboarding, and responsible-gaming self-exclusion controls. Distribution is wholly self-service and direct-to-consumer, with no disclosed intermediaries other than affiliate and SEO channels.

The revenue model is transactional across all verticals: bookmaker margin on sports (2-4%), house edge on casino and live-dealer games, and rake on esports and lottery wagers. Pricing incentives include a 100% welcome bonus up to 3,000 THB on first sports deposit (15x turnover at 1.75+ odds), 100 casino free spins for a 100 THB deposit within 24 hours, tiered weekly cashback/rakeback of 0.18%-0.76% (capped at 18,200,000 THB per week per category), and a 500 THB birthday bonus. Payments are accepted via TrueMoney, direct bank transfer, QR, and six cryptocurrencies (USDT, BTC, ETH, BNB, XRP, USDC, ADA) at 0% deposit and withdrawal commission, with minimum deposits of 100 THB and minimum withdrawals of 500 THB. Marketing leverages flagship sports sponsorships with Formula 1, Manchester City, Bayern Munich, Bolton FC, and official support of major Dota 2 esports tournaments, alongside affiliate programs, Thai-language SEO, and push-driven mobile re-engagement.

Name

Keohane & D'Alessandro

Legal name

CyberArena Ltd.

Website

https://albanypatent.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

188BET, operated by CyberArena Ltd. and licensed by the Isle of Man, is an online sports betting and casino platform founded in 2007 serving primarily Thai bettors across 20+ sports, 3,000+ casino games, esports, and lottery via web and mobile apps.

Ownership category

akta.pro rank

Product category

Intellectual Property Law

NAICS

Offices of Lawyers (541110)

akta.pro primary industry

IP Filing, Annuities & Renewals Administration (BPAHAMAJ)

Keywords

• Patent prosecution
• Intellectual property law
• Trademark registration
• IP litigation
• IP portfolio management

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Sports Betting: Commission-free sports betting with margins of 2-4% across various sports markets. Users bet on over 20 sports types with up to 10,000 events per month.
2. Online Casino: Online slots with 3,000+ games and live dealer casino games. Revenue generated through house edge on casino games including baccarat, blackjack, roulette, and slot machines.
3. Esports Betting: Betting on major esports titles including Dota 2, Valorant, LOL, CS:GO, Mobile Legends. Minimum bet starts at 50 baht.
4. Lottery: Lottery games from XJ and TC Gaming providers with simple gameplay and low betting thresholds.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Keohane & D'Alessandro is a rapidly-growing, full-service intellectual property law firm based in Albany, United States, providing legal services to clients in the IP domain. The firm was founded in 2008 and operates with 11-50 employees, serving clients through its website at albanypatent.com.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Sports betting margins of 2-4% depending on sport type and competition rating
• +4 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Isle of Man Gambling Supervision CommissioncoreOthers · 1 January 2007188BET operates under a gambling license issued by the Isle of Man Gambling Supervision Commission, providing legal authority to conduct online betting operations across multiple jurisdictions including Thailand.
• Formula 1flagshipGTM or Marketing Partner188BET is an official partner of Formula 1, one of the world's premier motorsport championships, providing brand visibility and marketing association with elite global sports.
• Manchester CityflagshipGTM or Marketing PartnerOfficial partnership with Manchester City Football Club, one of the most popular and successful football clubs globally, enhancing brand recognition in key Asian markets.
• Bayern MunichflagshipGTM or Marketing PartnerPartnership with Bayern Munich, Germany's most successful football club, providing marketing exposure and credibility in European and Asian markets.
• Bolton FCminorGTM or Marketing PartnerHistorical partnership with Bolton FC for brand visibility and marketing association in English football.
• Major Esports Tournaments (Dota 2)flagshipGTM or Marketing Partner188BET is an official supporter of the largest esports tournaments including Dota 2 tours, establishing presence in the growing esports betting market.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Choate, Hall & Stewart: General practice law firm with a substantial IP practice group serving technology and life sciences clients. Comparable as a competitor for IP matters, though operating as part of a broader full-service firm rather than as a dedicated IP boutique.

Direct peers

• Harness Dickey & Pierce: IP-focused law firm specializing in patent prosecution, litigation, and post-grant proceedings, particularly in automotive and mechanical technologies. Directly comparable as a dedicated IP firm.
• Fish & Richardson: One of the largest dedicated intellectual property law firms in the U.S., offering patent prosecution, litigation, and counseling across all major technology sectors. Directly comparable as a full-service IP firm competing for similar clients and matters.
• Cantor Colburn LLP: Large IP boutique with a national patent prosecution and litigation practice spanning mechanical, electrical, chemical, and biotech technologies. Comparable as an IP-specialist firm with similar client mix.
• Sterne, Kessler, Goldstein & Fox: IP boutique specializing in patent prosecution, post-grant proceedings, and IP litigation, primarily serving high-tech and biotech clients. Directly comparable as an IP-focused boutique competing for similar patent prosecution work.
• Knobbe Martens: Large IP specialty firm with strong patent prosecution and litigation practices, particularly in life sciences and technology. Comparable to Keohane & D'Alessandro as a dedicated IP firm targeting technically sophisticated clients.
• McAndrews, Held & Malloy: IP boutique with a strong patent prosecution and litigation practice, particularly in mechanical and biomedical technologies. Comparable as a boutique IP firm with similar headcount scale.
• Oblon, McClelland, Maier & Neustadt: IP-focused law firm specializing in patent prosecution, litigation, and counseling with significant technical depth. Comparable as a full-service IP firm with a similar boutique-to-mid-size positioning.
• Bookoff McAndrews: Boutique IP firm focused on patent prosecution and post-grant proceedings, serving technology and life sciences clients. Comparable as a boutique-scale IP specialist competing for similar matters.
• Finnegan, Henderson, Farabow, Garrett & Dunner: Major IP-focused law firm with deep patent prosecution and litigation practices serving technology and life sciences clients. Directly comparable in service mix and target client base to a full-service IP boutique.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Keohane & D'Alessandro