It is one of two LIDOM franchises based in the nation's capital, the other being Leones del Escogido; the two teams share Estadio Quisqueya as their home ballpark.

have included Alonzo Perry, Pedro González, Manuel Mota, Guayubín Olivo, César Gerónimo, and Elvio Jiménez.

The Licey team was founded as the result of a meeting that took place in the house of Vicente María and Jacinto "Pichán" Vallejo, on el Conde Street, in Santo Domingo's Colonial Zone, on 7 November 1907.

In an unusual situation during the 2008 season, Licey finished second in the Dominican championship and would have failed to qualify for the series, but took the place of a Puerto Rican team that had withdrawn from the tournament due to financial difficulties.

Licey won the series, defeating teams from Mexico and Venezuela as well as Águilas Cibaeñas, their Dominican rivals.