What TUBESA INSTALACIONES ESPECIALIZADAS does

TUBESA INSTALACIONES ESPECIALIZADAS operates the Lu88 online betting and gaming platform, served via the domain tubesa.com.mx. Despite the Spanish-language legal name and Mexican top-level domain, the business is functionally a Vietnamese-language online gambling platform targeting Vietnamese-speaking users across Southeast Asia and selected Asian and European markets. The platform is operated under the Lu88.llc trade name and operates under a Costa Rica gambling license; the listed contact address is in Ho Chi Minh City, Vietnam. The 14-employee figure in firmographic inputs is inconsistent with the operational scope implied by the platform's multi-product, multi-country footprint and likely reflects a lean content/affiliate-driven operating structure.

The product surface is a multi-vertical online gambling ecosystem comprising seven core verticals: sports betting (football, basketball, tennis, badminton, esports), online lottery (3-region Vietnamese lottery, Keno, Powerball, Mega Millions), slot games (500+ titles aggregated from JILI, PG Soft, Pragmatic Play, Spadegaming, CQ9), fish shooting arcade games, live cockfighting streaming (via SV388, S128, Thomo), traditional Vietnamese card games (Tiến Lên, Phỏm, Xì Dách, Poker), and live dealer casino. Distribution is via a responsive website and native iOS/Android apps distributed as IPA/APK files. Payments are processed through Vietnamese e-wallets (Momo, ZaloPay, ViettelPay), bank transfer, and cryptocurrency (Bitcoin, USDT). Marketing is driven primarily by a 500+ article Vietnamese-language content library, an affiliate/đại lý agent network, and social channels on Facebook, Telegram, and Zalo.

The business model is a B2C house-edge model: revenue is generated from the margin embedded in betting odds across all verticals plus revenue-share arrangements with third-party slot providers. There is no subscription or membership fee charged to players; promotional bonuses (100% first deposit, 1.2% daily cashback, free spins) are funded out of house edge. The platform explicitly restricts US users and serves customers across Vietnam, Cambodia, China, and Germany. Trần Hạo Nam is identified as the content strategy lead ("Tác giả Lu88") rather than as a disclosed executive or owner; ownership and corporate structure are not disclosed in the source material.

Name

TUBESA INSTALACIONES ESPECIALIZADAS

Legal name

Lu88.llc

Website

https://tubesa.com.mx

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Lu88 (operating via tubesa.com.mx) is a Vietnamese-language online gambling platform licensed in Costa Rica, offering sports betting, slot games, lottery, cockfighting, fish shooting, and casino products to individual bettors across Southeast Asia via web and mobile apps.

Ownership category

akta.pro rank

Product category

Online Gambling and Betting Platform

NAICS

Other Gambling Industries (713290)

akta.pro primary industry

iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms) (MPAEAKAA)

Keywords

• Online sports betting
• Online casino games
• Slot gaming platform
• Live cockfighting betting
• Online lottery services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. Online sports betting commissions: Lu88 generates revenue through betting commissions on sports events including football, basketball, tennis, esports, and virtual sports. Players place bets using platform credits, with the house taking a margin on odds.
2. Slot game and casino revenue share: Revenue generated from slot game providers (JILI, PG Soft, Pragmatic Play, Spadegaming, CQ9) through revenue share arrangements. The platform hosts over 500 slot games and earns a percentage of player wagering activity.
3. Lottery and number game betting: Revenue from lottery products including traditional 3-region Vietnamese lottery, Keno, and international lotteries (Powerball, Mega Millions). Players bet on number outcomes with house edge built into odds.
4. Cockfighting betting commissions: Revenue from live cockfighting streams and betting, with partnerships with SV388, S128, and Thomo providers. The platform earns commissions on cockfight betting activity.
5. Fish shooting game revenue: Revenue from fish shooting arcade games where players purchase ammunition/credits to hunt virtual fish for prizes.
6. Promotional bonus funded by house edge: The platform funds promotional offers (100% first deposit bonus, 1.2% daily cashback, free spins) using the built-in house edge from betting activity across all game categories.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

TUBESA INSTALACIONES ESPECIALIZADAS operates the tubesa.com.mx website, which serves as the digital storefront for the Lu88 online betting and gaming platform. The platform aggregates sports betting, lottery, slot games, fish shooting, live cockfighting, card games, and online casino products under a Costa Rica gaming license, delivering them through a responsive website and dedicated mobile applications to primarily Vietnamese-speaking users across Southeast Asia and additional markets in Asia and Europe.

Product overview

Lu88 is a comprehensive online betting and gaming platform operating under a Costa Rica license. The platform offers a multi-product ecosystem including sports betting, lottery (traditional and Keno), slot games (500+ titles from multiple providers), fish shooting games, cockfighting streaming, card games, and live casino. Products are available via web and dedicated mobile apps for iOS and Android. The platform integrates various payment methods including bank transfer, e-wallets (Momo, ZaloPay, ViettelPay), and cryptocurrency (Bitcoin, USDT).

Differentiator

Problem solved

Functional benefit

Products and services

• Thể Thao Lu88 (Sports Betting) Sports betting product offering hundreds of daily betting odds across football, basketball, tennis, badminton, and esports (including LoL and PUBG), with pre-match and live in-play betting and real-time odds updates.
• Xổ Số Lu88 (Online Lottery) Online lottery offering traditional 3-region Vietnamese lottery, Keno with rapid draws every 1–2 minutes, and international lotteries including Powerball and Mega Millions.
• Nổ Hũ Lu88 (Slot Games) Slot game product featuring over 500 titles from providers JILI, PG Soft, Pragmatic Play, Spadegaming, and CQ9, with a progressive jackpot system and up to 98% RTP.
• Bắn Cá Lu88 (Fish Shooting) Fish shooting arcade game with 3D graphics, various weapons, boss monsters, and rewards; includes Thập Bát Lộc, Hoàng Gia, Rồng Thần, 3D, and Classic modes.
• Đá Gà Lu88 (Cockfighting) Live cockfighting streaming and betting product partnering with SV388, S128, and Thomo arenas, offering traditional, live, steel spur, and virtual cockfighting betting options.
• Game Bài Lu88 (Card Games) Card game product featuring traditional Vietnamese games including Tiến Lên, Phỏm, Xì Dách, and Poker with flexible betting limits and tournament competitions.
• Casino Trực Tuyến Lu88 (Online Casino) Live online casino experience providing a real casino atmosphere with professional dealers.
• Lu88 Mobile App Native mobile application available for Android (APK) and iOS (IPA), offering full platform functionality with fast processing, secure data protection, and exclusive app-only promotions.

Quantifiable outcome

• Platform expanded to 5 new countries, resulting in 45% increase in new registered players and 150 million USD in total revenue over 2 years
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• SV388coreTechnology or IntegrationSV388 is a cockfighting match provider and streaming platform that supplies live cockfighting match feeds to Lu88. Based in Cambodia, SV388 is known for a dense schedule of matches from Cambodian cockfighting arenas with stable image quality and flexible match times. Lu88 integrates SV388's live streams for in-platform betting.
• S128coreTechnology or IntegrationS128 is an Indonesian cockfighting streaming provider that supplies Lu88 with live cockfighting match feeds featuring well-trained gamecocks. S128 is distinguished by sharp camera angles and vivid sound quality, with carefully selected and trained roosters for high-quality match broadcasts.
• Thomo (Thomo Cockfight Arena)coreTechnology or IntegrationThomo is a legendary cockfighting arena located at the Vietnam-Cambodia border, providing live cockfighting match feeds to Lu88. Thomo is known for high-quality matches with well-cared-for gamecocks competing in a vibrant atmosphere, attracting the most discerning cockfighting enthusiasts.
• JILI (Slot Game Provider)coreTechnology or IntegrationJILI is a slot game provider supplying titles to Lu88's slot game lobby. JILI games are among the 500+ slot games available on the platform, contributing to the platform's diverse game portfolio.
• PG Soft (Slot Game Provider)coreTechnology or IntegrationPG Soft is a mobile-focused slot game developer supplying games to Lu88's slot lobby. Known for innovative graphics and mobile-optimized gameplay, PG Soft titles are part of the platform's 500+ game portfolio.
• Pragmatic Play (Slot Game Provider)coreTechnology or IntegrationPragmatic Play is a major slot game provider integrated into Lu88's platform. Pragmatic Play's extensive portfolio of branded and original slot titles is available among the 500+ games on Lu88.
• Costa Rica (Licensing Jurisdiction)coreOthersLu88 holds an operating license issued by Costa Rica, which serves as the regulatory basis for its online betting operations. The Costa Rica license is referenced as the platform's legitimacy credential, though it is not a formal regulatory framework like Malta or UKGC licensing.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Dafabet: Established Asia-facing sportsbook and online casino operator offering sports betting, live casino, slots and poker. Directly comparable in target markets (Vietnam, Southeast Asia) and multi-vertical platform model.
• 188BET: Asian-focused online sportsbook and casino operator with strong presence in Vietnam and Southeast Asia. Comparable sportsbook-led multi-vertical platform and Asian customer base.
• M88 (Mansion88): Vietnam and Southeast Asia-focused online sportsbook and casino brand offering sports betting, slots and live dealer. Directly comparable regional focus and product mix.
• 1xBet: Curacao-licensed global online gambling operator offering sportsbook, casino, slots, lottery and cockfighting/fish shooting in emerging markets. Highly comparable offshore-license structure, broad product suite and emerging-market focus.
• W88: Asia-focused online betting platform offering sportsbook, casino, slots and live dealer games targeting Vietnamese and Southeast Asian users. Closely comparable product mix, target market, and licensed-operating model.
• Fun88: Pan-Asian online gambling and sports betting operator with sportsbook, casino, slots and lottery products. Comparable customer base in Vietnam/Southeast Asia and similar localized marketing approach.
• BK8: Malta-licensed Asian-focused online gambling and sports betting brand offering sportsbook, live casino, slots and 4D lottery. Directly comparable product breadth and Southeast Asian customer targeting.

Emerging players

• Stake.com: Crypto-native global online casino and sportsbook operator. Comparable in crypto deposit support (BTC, USDT) and in-play betting product, though Stake is licensed in Curaçao and serves a global rather than Vietnamese-speaking audience.

Others

• SV388: Cambodia-based cockfighting match and streaming provider that is also a content partner for Lu88. Adjacent ecosystem participant — supplies live cockfighting feeds that anchor Lu88's differentiated product, rather than competing for the same end user directly.

Broad incumbents

• Parimatch: Established international sportsbook and online casino operator with multi-jurisdictional licensing (Curaçao, others) and broad geographic reach. Comparable sportsbook-led offering but at much larger scale and more diversified jurisdictions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tubesa-instalaciones-especializadas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 TUBESA INSTALACIONES ESPECIALIZADAS