Van Dalen BV
HZ88 is an online gambling platform founded in 2018, serving 5+ million registered members across Southeast Asia with sports betting, live casino, slots, lottery, and cockfighting products. It operates under PAGCOR, Isle of Man, and Malta gaming licenses with integrated bank and e-wallet payment infrastructure.
- Company typePrivate
- Founded2018
- HeadquartersHo Chi Minh City, Vietnam
- Headcount11–50
- GTM typeB2C
- OfferingDigital Commerce or Content
What Van Dalen BV does
HZ88 is an online gambling and entertainment platform founded in 2018, operating primarily across Southeast Asian markets including Vietnam, Philippines, Cambodia, and Singapore. The platform offers a multi-product ecosystem spanning live casino, sports betting, slot games, lottery, cockfighting, and fishing games, with 2,000+ game titles sourced from 20+ publishing partners including Evolution Gaming, Pragmatic Play, JILI Games, and PG Soft. Technical infrastructure includes multi-layer security architecture (SSL 256-bit encryption, biometric authentication, AI behavioral detection, blockchain ledger) and native mobile applications for iOS and Android alongside a responsive web platform.
The business operates on a transaction-fee revenue model, generating income through house edge on table games, daily cashback structures (1.2-1.8% across verticals), and progressive jackpot pools exceeding 10 billion VND. Distribution is product-led and direct-to-consumer via self-registration, with no field sales force. The platform holds regulatory licenses from PAGCOR (Philippines), Isle of Man GSC, and Malta Gaming Authority, and has integrated payment rails with 18+ Vietnamese banks plus e-wallet (Momo, ZaloPay) and cryptocurrency support. Marketing relies on content marketing, SEO, social media communities (1.2M+ weekly active accounts on Facebook and Telegram), and affiliate/referral networks.
The company has grown to 5+ million registered members with reported 150% annual user growth and 85% monthly retention, processing 50,000+ daily payment transactions. Founder-led under CEO Lưu Hồng Ký (Luu Hong Ky), the company signed $5 million USD in strategic partnership contracts with major game publishers in 2020 and launched its mobile application in 2024. Note: the input data attributes firmographics (Van Dalen BV, founded 1959, Huissen, Netherlands, 30 employees) to this company, which appears inconsistent with the HZ88 operational data and may indicate a data attribution error.
Van Dalen BV firmographics
Firmographics- Name
- Van Dalen BV
- Legal name
- HZ88
- Website
- https://vandalenbv.nl
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- HZ88 is an online gambling platform founded in 2018, serving 5+ million registered members across Southeast Asia with sports betting, live casino, slots, lottery, and cockfighting products. It operates under PAGCOR, Isle of Man, and Malta gaming licenses with integrated bank and e-wallet payment infrastructure.
- Ownership category
- akta.pro rank
Van Dalen BV industry classification
Industry- Product category
- Online Gambling and Entertainment
- NAICS
- Gambling Industries (7132), Other Gambling Industries (713290)
- SIC
- Services-Miscellaneous Amusement & Recreation (7990)
- akta.pro primary industry
- iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms) (MPAEAKAA)
Keywords
Where Van Dalen BV is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
Van Dalen BV business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Sports Betting Commission: Revenue from sports betting with daily cashback of 1.2-1.5% on total bets
- Casino Gaming: Live casino operations with house edge on table games, 1.5% daily return rate
- Slot Games/Jackpot: Slot machine and jackpot games with varying house edge, jackpot pool over 10 billion VND
- Lottery/Lottery Numbers: Online lottery services with payout ratios up to 1:99.5 for traditional lottery
- Cockfighting Wagering: Live cockfighting betting with 50-80 matches daily
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Sports betting with daily cashback 1.2-1.5% |
| Transaction based/ take rate | Pay-as-you-go | Jackpot slot games with progressive prizes |
| Transaction based/ take rate | Pay-as-you-go | Lottery with payout ratio 1:99.5 |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Van Dalen BV product offering
Product offeringCore offering
HZ88 operates an integrated online gambling and entertainment platform offering sports betting, live casino, slot games, lottery, cockfighting wagering, fishing games, and card games through a single account. The platform serves 5+ million members across Southeast Asia with 2,000+ game titles from 20+ publishers, accessible via web and mobile apps. Revenue is generated through transaction fees, house edge on table games, and daily cashback programs up to 1.8%.
Differentiator
Problem solved
Functional benefit
Products and services
- Sports Betting Online sports betting platform offering odds and live betting across 3,000+ daily matches covering football, basketball, esports, and other major leagues. Sourced through partnerships with SABA Sports and CMD368. Available to adult registered members across Southeast Asia.
- Live Casino Live dealer casino operations featuring Baccarat, Blackjack, Roulette, and other table games streamed in HD/4K quality from studios. Sourced through partnerships with Evolution, Sexy Gaming, and Pragmatic Play. Operates 100+ live tables with 1.5% daily return rate.
- Slot Games and Jackpot Online slot games and progressive jackpot offerings from publishers including JILI Games, PG Soft, and Pragmatic Play. Features 3D graphics and high return rates (96.5-98.5%) with current accumulated jackpot pool exceeding 10 billion VND.
- Online Lottery Online lottery services including traditional 3-region lottery with 1:99.5 payout ratio and fast-draw formats with results between 45 seconds and 5 minutes. Sourced through partnership with Kingmaker.
- Cockfighting Wagering Live-streamed cockfighting betting product featuring 50-80 matches broadcast daily. Available to registered adult members across Southeast Asian markets.
- Fishing Games Online fishing arcade-style games where players shoot and catch fish for prizes, part of the HZ88 entertainment ecosystem. Available to registered members.
- Card Games Online card game offerings (game bài) accessed through the HZ88 platform, part of the multi-product gaming ecosystem for registered members.
- HZ88 Mobile App (iOS/Android) Native mobile applications for Android and iOS providing portable access to the full HZ88 gambling and entertainment ecosystem with single-account login across all product categories.
Quantifiable outcome
- 98.5% satisfaction rate on transaction speed (under 2 min deposit, 15-30 min withdrawal)
- +4 more outcomes
Companies that use Van Dalen BV
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Van Dalen BV technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Van Dalen BV partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Evolution GamingcoreLive casino gaming provider supplying live dealer games including Baccarat, Blackjack, Roulette with HD/4K streaming quality. Partnership provides authentic casino experience with professional dealers.
- SABA SportscoreSports betting platform providing odds and live betting coverage for thousands of daily matches across major leagues.
- CMD368coreSports betting partner offering competitive odds and diverse betting markets for online sports wagering.
- Sexy GamingcoreLive casino provider specializing in aesthetically designed live dealer games with professional croupiers.
- JILI GamescoreSlot game developer providing diverse slot portfolio with 3D graphics and massive jackpot pools. Developer of Mèo Tài Lộc and Nổ Hũ Thần Tài games.
- PG SoftcoreMobile-first slot game provider offering innovative slot titles with engaging gameplay mechanics and high RTP rates.
- Pragmatic PlaycoreMulti-product gaming provider supplying slots, live casino, and virtual sports with cross-platform compatibility.
- 18+ Vietnamese BankscorePartnership with major Vietnamese banks including Vietcombank, VietinBank, ACB, BIDV, TPBank for seamless deposit/withdrawal processing.
- Momo, ZaloPay E-walletscoreElectronic wallet integration for fast and convenient payment processing alongside banking transfers.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
Van Dalen BV competitors and assessment
Company assessmentDirect peers
- W88: Pan-Asian online gambling operator with strong presence in Vietnam, Thailand, and Indonesia offering sportsbook, casino, slots, and lottery. Closely comparable on regional focus, multi-product strategy, and affiliate-led acquisition.
- Dafabet: Established Asian online gambling operator offering sports betting, casino, and slots with multi-jurisdictional licensing. Comparable on product breadth, regulatory footprint, and SEA focus.
- M88 (Mansion88): Asian online sportsbook and casino brand serving SEA and Vietnamese-speaking consumers. Comparable product mix and target customer base; competes for the same regional traffic pool.
- FB88: Vietnam-targeted online sportsbook and casino with strong SEA presence. Closely comparable in target market (Vietnamese-speaking users), product mix, and direct-to-consumer mobile model.
- Fun88: Asia-focused online betting and casino platform with multi-product offering and sports-sponsor-driven brand marketing. Operates in overlapping SEA markets with similar sportsbook + casino + slots mix.
- 188BET: Asia-focused online sportsbook and casino operator offering multi-product gambling (sports, casino, slots) to SEA consumers. Comparable in target market, product mix, and self-serve mobile/web distribution model.
- BK8: SEA-focused online casino and sportsbook operator with multi-product offering. Comparable on regional focus, product mix (sports, casino, slots), and self-serve digital distribution.
- 12BET: Asian online sportsbook and casino operator serving multiple SEA markets. Comparable product mix and target audience; competing for the same regional deposit-and-bet wallet pool.
Others
- Evolution Gaming: Listed live-casino content supplier to HZ88 (per partnerships data). Included as a peer because it is a key upstream technology partner — comparable in that it is part of the same iGaming value chain, though not a direct competitor.
Broad incumbents
- 1xBet: Larger global online gambling operator with broader geographic footprint than HZ88 but overlapping in SEA markets. Comparable on product breadth (sportsbook, casino, slots, lottery) and self-serve mobile model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Van Dalen BV social profiles
Digital presenceVan Dalen BV financial estimates
Financial estimateRevenue estimate
Valuation estimate
Van Dalen BV leadership team
Management profileNumber of profiles
Profiles1 record
Van Dalen BV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Van Dalen BV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Van Dalen BV
What does Van Dalen BV do?
HZ88 operates an integrated online gambling and entertainment platform offering sports betting, live casino, slot games, lottery, cockfighting wagering, fishing games, and card games through a single account. The platform serves 5+ million members across Southeast Asia with 2,000+ game titles from 20+ publishers, accessible via web and mobile apps. Revenue is generated through transaction fees, house edge on table games, and daily cashback programs up to 1.8%.
Is Van Dalen BV a public or private company?
Van Dalen BV is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Van Dalen BV founded?
Van Dalen BV was founded in 2018. It employs 11 to 50 people.
Where is Van Dalen BV based?
Van Dalen BV is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does Van Dalen BV make money?
Five revenue lines are on record. Sports Betting Commission is the primary driver. The others are casino Gaming, slot Games/Jackpot, lottery/Lottery Numbers and cockfighting Wagering.
Who are Van Dalen BV's main competitors?
Direct peers on record are W88, Dafabet, M88 (Mansion88), FB88, Fun88, 188BET, BK8 and 12BET. Evolution Gaming is listed as an others. 1xBet is listed as a broad incumbent.
Does Van Dalen BV have an API?
No public API is recorded for Van Dalen BV.
What industry is Van Dalen BV in?
Van Dalen BV's product category is Online Gambling and Entertainment. Its primary akta.pro industry code is MPAEAKAA, iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms). Its NAICS code is 7132 and its SIC code is 7990.