Playola

What Playola does

Playola operates the QS88-branded online gambling and betting platform, accessible at playola.co, targeting adult Vietnamese consumers. The platform is headquartered at 71 Đô Lương, Phước Thắng, Ho Chi Minh City, Vietnam (postal code 700000), and is structured as a privately held, direct-to-consumer operator. Despite the public firmographic listing the company in London, primary source material (legal contact info, content, language) anchors the business in Vietnam.

The platform runs six betting verticals under a unified account and wallet: sports betting (Thể thao QS88, including Asian handicap and over/under markets); live casino (Baccarat, Roulette, Tài Xỉu, streamed by Evolution Gaming, Pragmatic Play, and Playtech); online lottery (Northern/Central/Southern, Keno, Vietlott, speed lottery); fishing arcade games (Bắn Cá); online slots and jackpots (Nổ Hũ, including Jili Games titles with reported 96%–98% RTP); and live-streamed cockfighting (Đá Gà, including Thomo and cựa sắt formats). A dedicated iOS/Android mobile application extends access beyond the web. Distribution is direct-to-consumer via self-serve registration, with an agent (Đại Lý) affiliate network supplementing acquisition and 24/7 customer support delivered across livechat, hotline, email, and social channels.

Revenue is generated entirely through transaction-based mechanics — specifically, the margin/spread on bets placed across the verticals, plus turnover-gated recovery from promotional bonuses (new-member 100,000 VND registration bonus, 100% first-deposit match, weekly reload bonuses of 5%–10%, daily cashback of 1.5% Sports / 1.2% Casino). The operator holds gaming licenses from PAGCOR (18-0021), Isle of Man (99281), and Curacao (8048-JAZ), and is certified by eCOGRA (44521) for RNG fairness. No funding rounds, headcount, revenue figures, or management team are disclosed in available sources.

Name

Playola

Legal name

QS88

Website

https://playola.co

Company type

Private

Operating status

Operating

Short description

Playola operates QS88, a Vietnam-focused direct-to-consumer online gambling platform offering sports betting, live casino, lottery, slots, fishing games, and cockfighting under a unified wallet, with mobile apps and an agent affiliate network.

Ownership category

akta.pro rank

Product category

Online Gambling / Sports Betting & Casino

NAICS

Gambling Industries (7132), Casinos (except Casino Hotels) (71321), Other Gambling Industries (713290)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro industry

PRIMARYMPAEAKAA

iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms)

Media, Entertainment & Sports/Gambling, Betting & Casinos/Gaming Technology, Platforms & Data (iGaming Platforms, Odds, Risk, KYC)

SECONDARYMPAEALAG

Payouts & Disbursements (Withdrawals, RTP, Mass Payouts)

Media, Entertainment & Sports/Gambling, Betting & Casinos/Payment Processing & Financial Services for Gaming

SECONDARYMPAEAKAH

Payments Orchestration, Wallets & Alternative Payments Enablement

Media, Entertainment & Sports/Gambling, Betting & Casinos/Gaming Technology, Platforms & Data (iGaming Platforms, Odds, Risk, KYC)

Keywords

• Online sports betting
• Live casino games
• Online lottery platform
• Fishing arcade games
• Mobile betting app

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Others

Revenue model

1. Betting/Gambling revenue: QS88 generates revenue through taking bets from customers on various gambling products including sports betting, casino games, lottery, slot machines, and cockfighting. The platform earns from the margin/spread on bets placed by users.
2. Promotional spending recovery: Revenue generated from wagering requirements attached to promotional bonuses, where customers must complete betting turnover requirements before withdrawing bonus funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Playola operates the QS88 online gambling platform accessible via playola.co, providing Vietnamese consumers with a single-account wagering experience spanning six verticals: sports betting (Thể Thao QS88), live casino (Casino QS88), online lottery (Xổ Số QS88), fishing arcade games (Bắn Cá QS88), slot games (Nổ Hũ QS88), and cockfighting (Đá Gà QS88). The offering is delivered through a localized website and dedicated iOS/Android applications, with multi-channel customer support, multi-jurisdictional licensing, and instant deposit/withdrawal payment infrastructure.

Product overview

QS88 (operated by Playola) is an online gambling and entertainment platform targeting the Vietnamese market. It functions as a unified, multi-vertical betting platform offering six core product verticals: sports betting (Thể thao), live casino (Casino), online lottery (Xổ Số), fishing arcade games (Bắn Cá), slot/jackpot games (Nổ Hũ), and cockfighting (Đá Gà). The platform also provides a companion mobile app. The portfolio is anchored by its sports betting and casino verticals, supplemented by lottery products, gaming arcade titles (including Jili Games-powered slots), and live-streamed cockfighting events. All verticals share a common account system, wallet, and promotional ecosystem hosted at playola.co.

Differentiator

Problem solved

Functional benefit

Products and services

• Sports Betting (Thể Thao QS88)
• Live Casino (Casino QS88)
• Online Lottery (Xổ Số QS88)
• Fishing Games (Bắn Cá QS88) Skill-based arcade fishing games where players shoot fish for prizes, popular in the Vietnamese market.
• Slot Games (Nổ Hũ QS88) Online slot machine games with progressive jackpots and themed reels from third-party providers.
• Cockfighting (Đá Gà QS88) Online cockfighting betting vertical offering wagering on streamed cockfighting matches tailored to Southeast Asian audiences.
• Playola Mobile App (iOS / Android) Native mobile applications for iOS and Android that allow Vietnamese players to access all six betting verticals on a single account from their smartphone.
• Affiliate / Agent Program (Introducing Agent, Developing Agent) Two-tier affiliate program (Introducing Agent and Developing Agent) that lets third-party promoters earn commission on referred players' betting activity.

Quantifiable outcome

• Daily cashback: 1.5% for Sports, 1.2% for Casino
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• PAGCOR (Philippine Amusement and Gaming Corporation)coreOthersLicensed by PAGCOR (license number 18-0021) as a regulated online gaming operator. PAGCOR is the Philippine government agency responsible for all gaming activities in the Philippines, providing operational legitimacy for QS88's gaming services.
• Isle of Man Gambling Supervision CommissioncoreOthersLicensed by Isle of Man (license number 99281) for international gaming operations. The Isle of Man is recognized for its stringent gambling regulations and standards.
• Curacao eGaming Licensing AuthoritycoreOthersLicensed by Curacao (license number 8048-JAZ) following rigorous financial verification processes. Curacao is one of the longest-established licensing jurisdictions for online gaming operators.
• eCOGRA (eCommerce and Online Gaming Regulation and Assurance)coreOthersCertified by eCOGRA (certification number 44521) following monthly RNG (Random Number Generator) testing and verification. eCOGRA is an internationally accredited testing agency specializing in certifying fair gaming practices.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• 1xBet: Large multi-jurisdictional online sportsbook and casino operator with significant Southeast Asian presence and similarly broad product verticals (sports, casino, slots, lottery).
• Bet365: Global online gambling incumbent with broader geographic reach and brand recognition; competes for the same Vietnamese customer wallet from a much larger platform base.

Direct peers

• W88: Asia-focused online sportsbook and casino operator with a strong Vietnam marketing presence and similar multi-vertical (sports, casino, slots) offering delivered via web and mobile app.
• Fun88: Asian-targeted sportsbook and casino operator with regional affiliate networks and a mobile-first product mix closely mirroring QS88's GTM approach.
• M88: Southeast Asian online betting brand offering sportsbook, live casino, slots, and lottery under a single wallet — directly comparable multi-vertical structure to QS88.
• Dafabet: Established Asian sportsbook and casino operator with multi-vertical offering (sports, casino, slots, lottery) and similar agent/affiliate acquisition model.
• SBOBet: Asian-headquartered sportsbook and live casino operator serving Vietnamese and Southeast Asian customers with similar mobile-first delivery.
• VN88: Vietnam-focused betting brand combining sportsbook, casino, and slots — the closest single-market peer given QS88's Vietnam-only geographic focus.
• 188BET: Asia-Pacific online sportsbook and casino operator with comparable product breadth and offshore licensing model.
• BK8: Southeast Asian-focused online gambling brand offering sports betting, live casino, and slots with similar offshore licensing and Vietnamese-language marketing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

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 Playola