Dafabet was founded on November 7, 2004, in Makati, Philippines under the subsidiary of the privately-owned company AsianBGE licensed by Cagayan Economic Zone Authority (CEZA) and regulated by First Cagayan Leisure and Resorts (FCLRC).

Dimitris Karatzas, the Chief Executive of Dafabet, plays a pivotal role in the Dafabet company's leadership.