🏢 Company Profile
Letsbet (Pty) Ltd – Who Owns Apex Bets?
Licensed SA Bookmaker | Reg. 2023/963735/07 | WCGRB Licence
Verified company behind ApexBets.co.za – South Africa’s sports betting and casino platform
⚡ Letsbet (Pty) Ltd – Quick Facts
Company Name
Letsbet (Pty) Ltd
Trading As
Apex Bets
Registration No.
2023/963735/07
Licence Number
10194002-001
Licence Issued
1 December 2024
Regulator
WCGRB
📋 Table of Contents
- 🏢 About Letsbet (Pty) Ltd
- ✅ Is Apex Bets Legit?
- 📝 Company Registration Details
- 📍 Registered Address
- 📜 Gaming Licence
- 🎰 Bookmaker Operated
- 📞 Apex Bets Contact Details
- ❓ Frequently Asked Questions
- 📚 Related Apex Bets Guides
🏢 About Letsbet (Pty) Ltd – Owner of Apex Bets
Letsbet (Pty) Ltd is the South African company that owns and operates ApexBets.co.za, a licensed sportsbook and online casino platform. The company was incorporated in 2023 under CIPC registration number 2023/963735/07 and received its bookmaker licence from the Western Cape Gambling and Racing Board (WCGRB) on 1 December 2024.
The Apex Bets platform covers sports betting, live in-play betting, casino slots, live dealer games, crash games, table games, virtual betting, and more. The casino library features titles from recognised providers including Pragmatic Play, Evolution, Habanero, NetEnt, Nolimit City, and Big Time Gaming among others.
Lets Bet (Pty) Ltd operates fully within South African law. The company’s WCGRB bookmaker licence authorises it to accept sports bets and offer casino games to South African players. The WCGRB is one of the country’s most established regulators, also overseeing operators like Gbets, Pantherbet, Jabula Bets, and Zarbet.
✅ Is Apex Bets Legit in South Africa?
✅ Verdict: Yes, Apex Bets Is a Legitimate Licensed Bookmaker
Yes, Apex Bets is a legitimate and licensed South African bookmaker. Letsbet (Pty) Ltd holds a valid bookmaker licence (10194002-001) issued by the Western Cape Gambling and Racing Board on 1 December 2024. The company maintains a registered physical office at 33 Beach Road, Gordons Bay, Western Cape — the same province as its licensing authority. All disputes can be escalated directly to the WCGRB at complaints.compliance@wcgrb.co.za, a protection unavailable at unlicensed offshore sites.
Apex Bets is one of the newest WCGRB-licensed operators in South Africa, having received its licence in late 2024. While newer operators naturally have shorter track records than established brands, the WCGRB application process requires extensive background checks, financial audits, and software testing before a licence is granted. The fact that Lets Bet (Pty) Ltd cleared this process confirms the company met the board’s requirements for financial stability, corporate transparency, and responsible gambling measures.
For context, Apex Bets holds the same class of licence as other WCGRB-regulated bookmakers that iBets has reviewed and tested, including Pantherbet, Jabula Bets, and Zarbet. A full list of licensed operators is available on our top online casinos in South Africa page.
📝 Company Registration Details
| Detail | Information |
|---|---|
| Company Name | Letsbet (Pty) Ltd t/a Apex Bets |
| Registration Number | 2023/963735/07 |
| Country of Incorporation | Republic of South Africa |
| Year Incorporated | 2023 |
| Bookmaker Licence | 10194002-001 (Issued: 1 December 2024) |
| Licensing Authority | Western Cape Gambling and Racing Board (WCGRB) |
| Platform Operated | ApexBets.co.za |
📍 Registered Address for Letsbet (Pty) Ltd
🏢 Physical Office
33 Beach Road
Gordons Bay
Western Cape
South Africa, 7140
The fact that Letsbet (Pty) Ltd maintains a registered physical office in South Africa is a positive indicator of legitimacy. Unlike offshore operators with no local presence, Apex Bets is based in Gordons Bay, Western Cape — the same province as its licensing authority, the WCGRB. This means the company is directly accountable to its regulator and subject to ongoing South African compliance audits.
📜 Gaming Licence
Letsbet (Pty) Ltd t/a Apex Bets holds a bookmaker licence issued by the Western Cape Gambling and Racing Board (WCGRB):
📜 Licence Details
- Bookmaker Licence: 10194002-001 – Authorises Apex Bets to accept sports bets and offer casino games to South African players
- First Issued: 1 December 2024
- Issuing Authority: Western Cape Gambling and Racing Board (WCGRB)
- Dispute Escalation: complaints.compliance@wcgrb.co.za
What this means: All bets placed with Apex Bets are deemed to be placed and received within South African jurisdiction, in accordance with the terms of its bookmaker licence. South African gambling laws, including tax obligations and player protections, apply to all transactions on the platform.
🎰 Bookmaker Operated by Letsbet (Pty) Ltd
ApexBets.co.za is the bookmaker operated by Letsbet (Pty) Ltd. The platform launched in 2025 and offers a comprehensive range of betting and gaming products to South African players.
The platform covers sports betting, live in-play betting, casino slots, live dealer tables, crash games, table games, virtual betting, skill games, and Drops & Wins promotions — powered by providers including Pragmatic Play, Evolution, Habanero, NetEnt, Red Tiger, Nolimit City, and Big Time Gaming among others. Deposits are accepted via Ozow, Capitec Pay, Visa, voucher systems, and EFT Secure.
New players can claim a welcome bonus of up to R30,000 spread across five deposits, with sportsbook and casino wagering requirements applying. Full bonus terms, deposit tiers, and wagering conditions will be covered in our dedicated Apex Bets bonus guide.
📞 Apex Bets Contact Details
📲 How to Contact Apex Bets
- Helpdesk Email: helpdesk@apexbets.co.za
- Telephone: 063 604 0005
- Fax: 086 299 0887
- Postal Address: 33 Beach Road, Gordons Bay, Western Cape, 7140
Dispute Escalation: If you have an unresolved complaint with Apex Bets, you can escalate it to the WCGRB by emailing complaints.compliance@wcgrb.co.za. This regulatory oversight is a key protection that players at unlicensed casinos do not have.
❓ Frequently Asked Questions
Who owns Apex Bets in South Africa?
Apex Bets is owned and operated by Letsbet (Pty) Ltd, a South African company registered under CIPC number 2023/963735/07. The company is based in Gordons Bay, Western Cape, and holds a valid bookmaker licence from the Western Cape Gambling and Racing Board.
Is Apex Bets legit in South Africa?
Yes, Apex Bets is a legitimate and licensed South African bookmaker. Lets Bet (Pty) Ltd holds bookmaker licence 10194002-001 from the Western Cape Gambling and Racing Board, maintains a physical office in Gordons Bay, and is subject to ongoing WCGRB compliance audits. Unresolved disputes can be escalated directly to the WCGRB.
What licence does Apex Bets hold?
Letsbet (Pty) Ltd holds a bookmaker licence (10194002-001) issued by the Western Cape Gambling and Racing Board on 1 December 2024. This licence authorises Apex Bets to accept sports bets and offer casino games to South African players under South African gambling law.
Where is Letsbet (Pty) Ltd based?
Letsbet (Pty) Ltd’s registered office is at 33 Beach Road, Gordons Bay, Western Cape, South Africa, 7140. The company is based in the same province as its licensing authority, the WCGRB.
What is the Apex Bets contact email and phone number?
You can contact Apex Bets via their helpdesk email at helpdesk@apexbets.co.za or by calling 063 604 0005. The postal address is 33 Beach Road, Gordons Bay, Western Cape, 7140.
What is the Apex Bets welcome bonus?
Apex Bets offers a welcome bonus of up to R30,000 spread across five deposits, with both sportsbook and casino wagering requirements. A detailed breakdown of each deposit tier, wagering conditions, excluded games, and payout caps will be covered in our dedicated Apex Bets bonus guide.
When was Letsbet (Pty) Ltd incorporated?
Letsbet (Pty) Ltd was incorporated in 2023 under CIPC registration number 2023/963735/07. The company received its bookmaker licence from the Western Cape Gambling and Racing Board on 1 December 2024, and the Apex Bets platform launched in 2025.
Ready to Try Apex Bets?
✅ WCGRB Licensed | ✅ R30,000 Welcome Bonus | ✅ 14+ Game Providers | ✅ Ozow & Capitec Pay
📚 Related Apex Bets Guides
- Read the Apexbets Casino Review
- Western Cape Gambling and Racing Board – About the authority that licences Apex Bets
- Top Online Casinos in South Africa 2026 – All SA-licensed casinos ranked and compared
- All Bookmaker Reviews – Full reviews of every SA-licensed platform we’ve tested
18+ Only. Apex Bets is operated by Letsbet (Pty) Ltd and licensed by the Western Cape Gambling and Racing Board (10194002-001). Gambling can be addictive and harmful if not controlled. Winners know when to stop. For help, contact South African Responsible Gambling Foundation: 0800 006 008 or WhatsApp 076 675 0710.
Disclaimer: This guide was last updated February 2026. Company details, promotions, and licensing information may change. Always verify current details on the official Apex Bets website.
Affiliate Disclosure: iBets.co.za may receive commission through affiliate links, but this does not influence our independent reviews and analysis.
Licensing: Letsbet (Pty) Ltd t/a Apex Bets. Registration Number: 2023/963735/07. Licensed by Western Cape Gambling and Racing Board (10194002-001). 18+. Winners know when to stop.
