The Business of Events

What The Business of Events does

Vavada is a privately-held online casino and sports betting platform that has been continuously operated since 2017 under Cyprus-domiciled Moracon LTD, holding a Curacao Gaming Authority license. The platform serves adult players across Russia, Asia, and Europe, with localization into 11 languages and support for 22 currencies and 17 payment methods spanning bank cards (MIR, VISA, MasterCard, SEPA), e-wallets (YouWallet, Piastrix, Neteller), and four cryptocurrencies (Bitcoin, Ethereum, Litecoin, Tether via TRON).

The core product is a unified casino and sportsbook platform offering 5,000+ games from 42 providers including slots, crash games, live dealer tables, table games, and sports betting. Distribution is multi-channel: a responsive web portal, native iOS and Android mobile applications, a Windows desktop client, and an official Telegram bot for in-messenger access. A mirror site infrastructure is maintained to preserve access in jurisdictions where online gambling is restricted. The platform is supported by 24/7 customer service and a 6-tier loyalty program, with a welcome package of 100 free spins plus a 100% first-deposit match up to $1,000, and 10% monthly cashback with x5 wagering.

Vavada monetizes primarily through house edge on player wagers (transaction-based take rate), with secondary revenue from bonus wagering requirements (x20 for free spins, x35 for deposit bonuses) and an affiliate program offering 50-60% revenue share to referred players. Customer acquisition is driven by the affiliate channel, organic social presence on Telegram, Instagram, VK, X, and YouTube, and promo code distribution. The five individual player testimonials cited in the source data are all casual/gig economy-scale individual consumers, indicating a long-tail B2C distribution rather than enterprise or anchor-customer concentration.

Name

The Business of Events

Legal name

Moracon LTD

Website

https://the-business-of-events.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Vavada is a privately-held online casino and sportsbook launched in 2017 under Moracon LTD, serving adult players in Russia, Asia, and Europe with 5,000+ games across web, mobile, desktop, and Telegram channels.

Ownership category

akta.pro rank

Product category

Online Gambling

NAICS

Casinos (except Casino Hotels) (713210)

akta.pro primary industry

Crypto Casinos (MPAEABAD)

Keywords

• Online casino gaming
• Slot games platform
• Live dealer casino
• Mobile gambling apps
• Sports betting site

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Gaming Transactions: Revenue generated from player bets on casino games including slots, table games, and live dealer games. House edge built into game mechanics generates casino revenue.
2. Affiliate Program: Revenue sharing with affiliate partners who refer new players. Revshare model paying 50-60% of referred player losses, with additional income up to $300 for new player acquisition tasks.
3. Bonus Wagering: Revenue generated from wagering requirements on bonuses before players can withdraw winnings. Low wagering requirements (x20-x35) balance player attraction with revenue retention.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

The company operates an online casino and gambling platform offering 5,000+ games including slots, crash games, live dealer games, table games (roulette, baccarat, poker, blackjack, sic bo), and sports betting, supported by a six-tier loyalty program, welcome and reload bonuses, and a 10% monthly cashback. The service is delivered through a web portal (vavada.com), native iOS and Android applications, a Windows desktop client, and an official Telegram bot, accepting 17 payment methods across bank cards, e-wallets, and cryptocurrencies in 22 currencies and 11 languages.

Product overview

Vavada is a single unified online casino platform offering a comprehensive gambling ecosystem. The core platform provides access to 5000+ games from 42 software providers including slots, live dealer games, table games, crash games, and sports betting. The platform is accessible via multiple channels: the web portal (vavada.com), native mobile applications for iOS and Android, a Windows desktop client, and a Telegram bot. All channels share the same account system, game library, bonuses, and loyalty program.

Differentiator

Problem solved

Functional benefit

Products and services

• Vavada Online Casino Platform Full-featured online casino platform offering 5,000+ games from 42 providers, including slots, live dealer games, table games (roulette, baccarat, poker, blackjack, sic bo), crash games, and sports betting. Supports 22 currencies, 17 payment methods, and 11 languages; accessible via desktop and mobile browsers.
• Vavada iOS Mobile Application Native iOS mobile application providing full casino access, account management, and deposit and withdrawal functionality, distributed via vavadaiosapp.com.
• Vavada Android Mobile Application Native Android mobile application (APK, approximately 25 MB) providing full casino access on Android devices, distributed via pwavavadacom.com.
• Vavada Telegram Casino Bot Official Telegram bot (@Vavada_casinoplay_bot) enabling casino access through the Telegram messenger platform after authentication.
• Vavada Sports Betting Sports betting section within the Vavada platform allowing users to place bets on sporting events alongside the casino game library.
• Vavada Windows Desktop Application Windows desktop client application providing an alternative casino access channel, downloadable from vavadacom.app/install.html.
• Vavada Affiliate Partner Program Affiliate partnership program (Vavada Partner) offering 50–60% revenue share on referred player losses plus task-based incentives up to $300 per acquired player, with dedicated affiliate manager support and contract-based onboarding.

Quantifiable outcome

• Payout speed of 15 minutes to 24 hours
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and major.

• Moracon LTDcoreOthers · 1 January 2017Moracon LTD is the registered owner/operator of the Vavada casino brand. The company holds a Curacao Gaming Authority license and operates the online casino platform serving players across Russia, Asia, and Europe since 2017.
• 42 Game ProviderscoreTechnology or IntegrationPartnerships with 42 game providers including Pragmatic Play, Nolimit City, Big Time Gaming, Belatra Games, Igrosoft, Turbo Games and others. These providers supply the casino's 5000+ games including slots, table games, crash games, and live dealer content.
• Payment ProcessorscoreTechnology or IntegrationPayment infrastructure partnerships enabling 17 transaction methods including MIR, VISA, MasterCard bank cards; YouWallet, Piastrix, Neteller, SEPA e-wallets; and TRON, Tether, Bitcoin, Litecoin, Ethereum cryptocurrencies.
• Vavada Partner (Affiliate Program)majorChannel Partner/ Reseller/ DistributorAffiliate partnership program called 'Vavada Partner' offering revenue sharing (50-60%) to affiliates who refer new players. Additional task-based income up to $300 per new player. Includes contract signing with affiliate managers and comprehensive support.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mostbet: Curacao-licensed online casino and sportsbook focused on CIS, India, and Bangladesh. Offers a similar product mix (slots, live dealer, sports betting) with comparable multi-channel distribution and crypto-friendly payments.
• 1xBet: One of the largest CIS-facing online casino and sports betting operators, licensed in Curacao. Directly competes with Vavada for Russian-speaking players and offers a similar mix of slots, live dealer, and sports betting with crypto payment support.
• Leon: Curacao-licensed online casino and sportsbook with strong CIS roots. Directly comparable to Vavada in target market, product mix (slots, live dealer, sports), and reliance on mirror sites for restricted-market access.
• Bitstarz: Crypto-friendly online casino licensed in Curacao with a similar game library depth and multi-currency support. While more internationally focused than Vavada, it competes in the same crypto-casino niche with comparable bonus structures.
• JoyCasino: Curacao-licensed online casino with a strong CIS and Russian-language presence. Competes with Vavada on game library size (thousands of slots and live dealer), bonus aggressiveness, and multi-channel distribution.
• Betwinner: Curacao-licensed casino and sportsbook serving CIS, Europe, and Africa. Operates with a comparable product catalog and payment breadth, and directly contests Vavada in Russian-speaking and CIS markets.
• BC.Game: Crypto-native online casino operating globally with provably fair games and Telegram bot integration. Closely comparable to Vavada in crypto payment support, messenger-native access, and mirror-site style resilience.
• Melbet: Online casino and sportsbook operating across CIS, Asia, and Africa with Curacao licensing. Competes head-to-head with Vavada in slots, live dealer, and crash games, with comparable crypto and e-wallet payment support.
• Pin-Up Casino: CIS-focused online casino and sportsbook with a Curacao license, offering thousands of slots, live dealer games, and an aggressive affiliate program. Targets the same Russian and Eastern European player base as Vavada.

Broad incumbents

• Parimatch: Major CIS-origin gambling brand with casino, sports betting, and a broader entertainment portfolio. While more sports-betting-centric than Vavada, it operates the same license model and contests the same Russian and Eastern European player pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/vavada_eu
• YouTubeyoutube.com/@vavadaofficial
• Instagraminstagram.com/vavada.inst
• LinkedInlinkedin.com/company/thebusinessofevents

Compliance1 record

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 The Business of Events