What Ecuabet does

Ecuabet is a privately held Ecuadorian online gambling operator offering sports betting (Pronósticos Deportivos), live casino (Casino en Vivo), online casino slots and table games, virtual sports (Pronósticos Virtuales), and online bingo through its ecuabet.com website, a Progressive Web App (PWA) for mobile, and a franchise/agent network of physical puntos de venta (tiendas, farmacias, bodegas) plus commercial agencies across Ecuador. The platform is built on a responsive web architecture aggregating content from at least seven tier-1 live casino providers (Evolution, Ezugi, Pragmatic Live, Betgames.TV, Vivogaming, TVBet, Beter Live) and three virtual sports providers (Golden Race, Betradar, Virtual Generation), delivering 1,000+ casino titles, real-time HD dealer streams, and RNG-certified outcomes. Ecuabet holds full legal licensing under Curacao jurisdiction and operates under all required Ecuadorian permits with KYC/AML and responsible gaming frameworks in place.

The company monetizes through embedded house margins on sports betting odds (pre-match and in-play across 30+ sports), house edge on casino games, and a promotional economy (100% welcome bonus up to $100 USD with 7x rollover, freebets, cashback, Drops & Wins tournaments with a €2.5M prize pool, and the Club de Oro loyalty program with point redemption). Go-to-market is anchored on sports sponsorships — including naming rights to LigaPro Ecuabet and official sponsorship of the Federación Ecuatoriana de Fútbol, top clubs (LDU Quito, Independiente del Valle, Mushuc Runa), and athletes (Antonio Valencia, Chito Vera) — plus a referral program and franchise/agent commissions.

Ecuabet is also closely affiliated with Fundación Prosperar Salud, a non-profit operating four low-cost medical centers (Quito-Cotocollao, Quito-Mena 2, Ibarra, Santo Domingo) and a national medical brigades program that has delivered 63 brigades, 17,000+ medical attendances, and 42,000+ beneficiaries since 2023, plus partnerships with SOLCA, Fundación Reina de Quito, and Fundación Martina supporting vulnerable populations.

Name

Ecuabet

Legal name

Ecuabet

Website

https://ecuabet.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ecuabet is a privately held Ecuadorian online gambling operator offering sports betting, live casino, online slots, virtual sports, and bingo via its website, PWA app, and a national franchise/agent network of physical puntos de venta, operating under Curacao licensing.

Ownership category

akta.pro rank

Product category

Online Sports Betting and Casino

NAICS

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

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Mobile-First / App-Based Online Casinos (MPAEABAG)

akta.pro secondary industry

Live Dealer Online Casinos (MPAEABAB)

Keywords

• Online sports betting
• Live casino gaming
• Virtual sports betting
• Online gambling platform
• Online casino slots

Headquarters

HQ city

Cartagena

HQ country

Colombia

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Sports Betting (Pronósticos Deportivos): Ecuabet charges a margin (house edge) on sports betting odds across football, basketball, tennis, e-sports, virtual sports, and 30+ other sports categories. Revenue is generated on every settled bet. The platform offers pre-match and in-play (live) betting markets.
2. Online and Live Casino: The casino generates revenue through the house edge on slot machines (tragamonedas), roulette, blackjack, baccarat, poker, bingo, and live dealer games. Multiple game providers (Evolution, Ezugi, Pragmatic, TVBet, etc.) power the offering. The platform also runs promotional tournaments with prize pools funded by player activity.
3. Promotional Bonuses and Promotional Economy: Revenue is amplified by promotional mechanics including welcome bonuses (100% up to $100 with 7x rollover), freebets, cashback, and tournament entries. The rollover requirements on bonuses effectively retain a share of player deposits. Drops & Wins tournament prize pools of €2.5M demonstrate the promotional economy.
4. Loyalty Program (Club de Oro): Points accumulated per bet/game can be redeemed in the bonus store for freebets, free spins, and experiential rewards. This drives repeat deposits and engagement, increasing lifetime value per customer.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Ecuabet operates a legal online gambling platform in Ecuador that combines sports betting (pre-match and in-play across 30+ sports including football, basketball, tennis, and esports) with a multi-provider live dealer casino, an online casino with 1,000+ slots and table games, 24/7 virtual sports, online bingo, tournaments, raffles, and the Club de Oro loyalty program. The platform is accessible via desktop, mobile web, and a PWA mobile app, and is supported by a physical franchise/agent network of puntos de venta across Ecuador for users without full digital access.

Product overview

Ecuabet operates as a unified online gambling platform combining sports betting, live casino, and casino gaming services for the Ecuadorian market. The core offering centers on sports betting (Pronósticos Deportivos) covering real events across football, basketball, tennis, and esports, complemented by a live dealer casino (Casino en Vivo) powered by multiple providers featuring roulette, blackjack, baccarat, and poker. The platform extends to an online casino with over 1,000 slot games and table games, virtual sports betting available 24/7, and online bingo. Additional value-add modules include the Club de Oro loyalty program with point accumulation and redemption, Drops & Wins tournaments, periodic raffles, and a mobile PWA for cross-device access. The platform operates under Curacao licensing and integrates content from providers including Evolution, Ezugi, Pragmatic Play, Golden Race, and Betradar.

Differentiator

Problem solved

Functional benefit

Brands

• Ecuabet: Main brand for sports betting and online casino services in Ecuador
• Ecuabet Live Casino
• Ecuabet Virtual
• Club de Oro Ecuabet
• Fundación Prosperar Salud

Products and services

• Pronósticos Deportivos (Sports Betting) Online sports betting product covering real sporting events including football, basketball, tennis, baseball, esports, MMA, and boxing. Offers pre-match and in-play markets such as 1X2, handicap, exact score, corners, and player props with real-time odds updates across 30+ sports.
• Casino en Vivo (Live Casino)
• Casino Online
• Pronósticos Virtuales (Virtual Sports)
• Bingo Online
• Torneos (Tournaments)
• Sorteos (Draws/Raffles)
• Drops & Wins Promotion
• Ecuabet Mobile App (PWA)
• Club de Oro (Loyalty Program)

Quantifiable outcome

• 42,000+ people benefited from 63 national medical brigades (2023–June 2025)
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

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

• LigaPro Ecuabet / Liga EcuabetflagshipStrategic or Co-development Partner · 1 January 2024Ecuabet holds naming rights to the top Ecuadorian professional football league (LigaPro), now branded as 'LigaPro Ecuabet' or 'Liga Ecuabet'. This provides premium brand placement across all league matches, broadcasts, and digital platforms.
• Federación Ecuatoriana de FútbolflagshipStrategic or Co-development Partner · 1 January 2023Ecuabet is an official sponsor of the Ecuadorian Football Federation, supporting national football development and gaining prominent branding at federation events, national team matches, and in related media.
• Mushuc Runa Sporting ClubcoreStrategic or Co-development PartnerEcuabet sponsors Mushuc Runa SC, an Ecuadorian professional football club, appearing on team kits and in stadium branding.
• Independiente del VallecoreStrategic or Co-development PartnerEcuabet sponsors Independiente del Valle, one of Ecuador's most successful clubs, appearing on team kits and stadium assets.
• Liga Deportiva Universitaria de QuitocoreStrategic or Co-development PartnerEcuabet sponsors LDU Quito, one of Ecuador's most popular and historically successful football clubs, with branding on team kits and in stadium environments.
• DragonascoreStrategic or Co-development PartnerEcuabet sponsors Dragonas, an Ecuadorian sports team, with branding on team uniforms and at team events.
• AV25minorStrategic or Co-development PartnerEcuabet sponsors AV25, a sports entity in Ecuador, appearing on team apparel and at events.
• Antonio ValenciacoreStrategic or Co-development PartnerEcuabet sponsors Antonio Valencia, a legendary Ecuadorian footballer and former Manchester United captain, as a brand ambassador and endorsed athlete.
• Chito VeracoreStrategic or Co-development PartnerEcuabet sponsors Chito Vera, a prominent Ecuadorian MMA fighter, as a brand ambassador and endorsed athlete.
• Michael MoralesminorStrategic or Co-development PartnerEcuabet sponsors Michael Morales, an Ecuadorian athlete, as part of its athlete endorsement portfolio.
• Neisi DajomesminorStrategic or Co-development PartnerEcuabet sponsors Neisi Dajomes, an Ecuadorian weightlifter (Olympic medalist), as part of its athlete sponsorship program.
• Circuito Pádel PlusminorStrategic or Co-development PartnerEcuabet sponsors Circuito Pádel Plus, a padel circuit in Ecuador, expanding brand visibility beyond football into other sports.
• SOLCA (Sociedad de Lucha Contra el Cáncer)coreStrategic or Co-development PartnerEcuabet, through its Fundación Prosperar Salud, partnered with SOLCA to develop a Centro de Hospitalidad (hospitality center) that provides accommodation and support for patients undergoing oncological treatment, alongside national medical brigades.
• Fundación Reina de QuitominorStrategic or Co-development PartnerEcuabet's foundation maintains a partnership with Fundación Reina de Quito, providing economic contributions for the payment of doctors and therapists to support vulnerable populations.
• Fundación MartinaminorStrategic or Co-development PartnerEcuabet's foundation collaborates with Fundación Martina through financial contributions directed to healthcare services for people in vulnerable situations.
• Golden RacecoreTechnology or IntegrationGolden Race is a leading provider of virtual sports content (football, basketball, tennis, racing simulations) integrated into the Ecuabet platform, powering the 24/7 virtual sports betting offering.
• BetradarcoreTechnology or IntegrationBetradar provides virtual sports simulation technology integrated into Ecuabet's platform, delivering algorithm-generated sports events with realistic 3D graphics.
• Evolution GamingcoreTechnology or IntegrationEvolution Gaming is a leading live casino provider whose game shows and live dealer content (roulette, blackjack, baccarat) is available on Ecuabet's live casino platform.
• EzugicoreTechnology or IntegrationEzugi provides live casino games including Casino Hold'em, Live Roulette, Live Blackjack, Live Baccarat, Bet On Numbers, Live Keno, and Dragon Tiger, integrated into the Ecuabet live casino.
• Pragmatic Play (Pragmatic LiveCasino)coreTechnology or IntegrationPragmatic Play supplies live casino content including Roulette Lobby, Game Shows, Asian Games, Baccarat Lobby, and games such as Sweet Bonanza CandyLand and Boom City, available on the Ecuabet platform.
• Betgames.TVcoreTechnology or IntegrationBetgames.TV provides live betting games integrated into Ecuabet's live casino offering, offering alternative wagering experiences beyond traditional table games.
• VivogamingcoreTechnology or IntegrationVivogaming provides live casino games including Casino en Vivo Hold'em, Baccarat, and Live Blackjack, integrated into Ecuabet's live casino platform.
• TVBetcoreTechnology or IntegrationTVBet supplies a range of live casino and lottery-style games including Keno, 1Bet, 5Bet, 7Bet, Andar Bahar, Blackjack, Poker Bet, Teen Patti, and Wheelbet on the Ecuabet platform.
• Beter LivecoreTechnology or IntegrationBeter Live provides live casino games including Gravity Roulette, Live Andar Bahar, Auto Roulette, multiple Blackjack and Baccarat tables, Live Sic Bo, and Speed Blackjack, integrated into Ecuabet's live casino.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• RushBet / Rush Street Interactive: Rush Street Interactive is a US-headquartered online casino and sportsbook operator with material Colombian and Mexican operations under the RushBet brand. It is comparable to Ecuabet as a localized Spanish-language LatAm sportsbook+casino operator with local-market licensing (Colombian Coljuegos in RushBet's case) vs. Ecuabet's Curacao licensing.
• Betcris: Betcris is a Costa Rica-headquartered online sportsbook and casino operator with a long-standing presence across Central America, the Caribbean, and other LatAm markets. It is directly comparable to Ecuabet as a regional B2C gambling operator combining sportsbook, casino, and agent/franchise-style distribution in emerging Latin American markets.
• Inkabet: Inkabet is a Peru-based online sportsbook and casino operator offering sports betting, live casino, and virtual sports to Latin American consumers — directly comparable to Ecuabet's product mix and Spanish-language LatAm customer focus. Both are regional full-stack operators (not B2B providers) competing in adjacent Andean markets with similar league-level sponsorship strategies.
• BetPlay: BetPlay is the leading Colombian online sportsbook and casino operator with strong brand recognition and a sponsorship-heavy go-to-market strategy. It is directly comparable to Ecuabet on product mix (sports betting, live casino, virtual sports), Spanish-language LatAm customer base, and the reliance on sports sponsorship (Colombian football) as a brand-building engine.
• 1xBet (LatAm operations): 1xBet is a Curaçao-licensed international sportsbook and casino operator with notable market share across Latin America, Africa, and Eastern Europe. It is comparable to Ecuabet as a Curacao-licensed multi-vertical online gambling operator (sports + casino + virtual) targeting LatAm consumers, though with a different (offshore, aggressive bonus) brand positioning.

Broad incumbents

• Codere: Codere is a Spanish-origin, LatAm-focused gambling operator combining retail gaming halls, sports betting (Codere Apuestas), and online casino across Mexico, Argentina, Colombia, and other markets. It is broadly comparable to Ecuabet as a multi-channel LatAm gambling operator with a strong sportsbook presence, though operating at significantly larger scale and with a public listing.
• Betsson (LatAm operations): Betsson AB is a Swedish-headquartered, publicly-listed gambling operator with significant operations across Latin America (notably Betsson Peru, Betsson Colombia) via localized brands. It is comparable to Ecuabet as a multi-vertical sportsbook+casino operator serving Spanish-speaking LatAm markets, though at much larger scale and with tier-1 licensing.
• Betano (Kaizen Gaming): Betano is the international sportsbook brand of Kaizen Gaming, with aggressive expansion into Latin American markets (notably Brazil and Colombia). It is comparable to Ecuabet as a sports-heavy iGaming operator pushing into Spanish-speaking LatAm with heavy sports sponsorship investment, though backed by a much larger European parent.
• LeoVegas (MGM): LeoVegas, now part of MGM Resorts / BetMGM, is a tier-1 European mobile-first online casino and sportsbook operator with growing LatAm exposure. It is comparable to Ecuabet as a mobile-first iGaming operator with strong casino content aggregation, though operating globally and at vastly different scale.
• Caliente.mx: Caliente is one of Mexico's largest and most established licensed sportsbook and casino operators, integrating retail, online, and physical retail tienda distribution. It is comparable to Ecuabet as a top-tier Spanish-language LatAm gambling operator with a similar full-stack product offering (sports + live casino + virtual) and a strong domestic sponsorship portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/EcuabetOficial
• Facebookfacebook.com/EcuabetOficialEC
• LinkedInlinkedin.com/company/ecuabet

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 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 Ecuabet