Who owns OlyBet?
As of : OlyBet is owned by Olympic Entertainment Group, a private casino group based in Tallinn, Estonia. The Estonian site olybet.ee runs under OB Holding 1 OÜ, which holds Estonian gambling licences. Olympic Entertainment left Nasdaq Tallinn in 2018, when Odyssey Europe AS, a Novalpina Capital vehicle, bought it out.
| Ultimate owner | Olympic Entertainment Group (private (bought out and delisted from Nasdaq Tallinn in 2018 by Odyssey Europe AS, a Novalpina Capital vehicle; remaining Novalpina holdings later placed with Berkeley Research Group)) |
|---|---|
| Operating company | OB Holding 1 OÜ, Estonia · reg. 14975047 |
| Licences | Estonia — EMTA HKL000510 Estonia — EMTA HKL000340 Estonia — EMTA HKT000050 Estonia — EMTA HKT000049 |
| Products | Casino, Sports betting, Poker |
| Website | olybet.ee |
| Also runs as | olybet.eu, olybet.lt, olybet.lv, olybet.sk, olybet.fr |
| Companies of the other sites | UAB Olympic Casino Group Baltija (olybet.lt) · Lithuania — LPT SIA "Olybet Latvia" (olybet.lv) · Latvia — IAUI E-06; TI-16 OLYMPIC CASINO SLOVAKIA s. r. o. (olybet.sk) · Slovakia — ÚRHH 00035/2020 FP Opérateur (olybet.fr) · France — ANJ |
| Sister casinos | 1 |
| Fines and actions | OlyBet’s own company: 0 · whole Olympic Entertainment Group: 2 |
| Owner proof | verified |
| Last checked | 14 Oct 2026 |
In numbers
- Olympic Entertainment Group owns 2 casino and betting brands (7 websites) in our data.
- 2 fines and regulator actions against the owner since 2019, about €8.9 million in total (converted to euros).
Who is behind it
Olympic Entertainment Group was founded in 1993. It runs Olympic Casino venues in the Baltics and the OlyBet online brand. The remaining Novalpina holdings were later placed with Berkeley Research Group.
OlyBet also has separate sites for Latvia, Lithuania, Slovakia and France, plus an EU site.
Licence and what it means for you
The Estonian Tax and Customs Board (EMTA) lists OB Holding 1 OÜ (registry code 14975047) with 4 Estonian licences. Examples are HKL000510, valid until 2030, and HKL000340, valid until 2040. Estonian rules apply to players in Estonia. Estonia blocks gambling sites that have no Estonian licence.
Licence records
| Regulator | Type | Valid | Check it |
|---|---|---|---|
| Estonia — EMTA HKL000510 | — | – 2030-11-30 | register |
| Estonia — EMTA HKL000340 | — | – 2040-11-30 | register |
| Estonia — EMTA HKT000050 | — | active | register |
| Estonia — EMTA HKT000049 | — | active | register |
What each licence means, and self-exclusion
- Estonia — EMTA: Estonian rules apply to players in Estonia. What a casino licence means
Sister sites
Other Olympic Entertainment brands in our data: OlyBet España. The country sites named above belong to the same OlyBet brand.
1 sister casino
Same owner often means the same terms, the same support team and the same payout rules. A self-exclusion at one brand may not cover its sister sites.
Does self-exclusion at OlyBet cover its sister sites? · How national self-exclusion schemes work
Fines and regulator actions
Olympic Entertainment companies have 2 fines and regulator actions in our data. They concern its Lithuanian casino company, UAB Olympic Casino Group Baltija. In March 2025 Lithuania's gambling regulator fined it €8.4 million for anti-money-laundering and gambling-law breaches. The source of a high-loss player's funds was not checked, and suspicious transactions were not reported. The operator said it would appeal. In April 2019 the same regulator fined it €495,500 for not verifying players who exchanged cash for chips, as reported in trade press.
All 2 fines and regulator actions, with sources
None of these 2 names OlyBet’s own company; they concern other companies of the Olympic Entertainment Group. The company column names who was fined.
Fines from the 40 regulators, prosecutors and courts we track, online gambling only; fines against land-based casinos are out of scope. How we count fines.
| Date | Company | Regulator / court | Amount | Reason |
|---|---|---|---|---|
| 2025-03-06 | UAB Olympic Casino Group Baltija | Lithuania — LPT | EUR 8,400,000 | AML and gambling-law breaches: source of a high-loss player's funds was not checked and suspicious transactions were not reported. Operator said it would appeal. source |
| 2019-04-04 | UAB Olympic Casino Group Baltija | Lithuania — LPT | EUR 495,500 | Failure to verify players when exchanging cash for chips (2018 breach), as reported in trade press. source |
About Olympic Entertainment Group
Tallinn-based casino group running Olympic Casino venues in the Baltics and the OlyBet online brand. Its Estonian online licence is held by OB Holding 1 OÜ.
Headquarters: Estonia · Founded: 1993 · Ownership: private (bought out and delisted from Nasdaq Tallinn in 2018 by Odyssey Europe AS, a Novalpina Capital vehicle; remaining Novalpina holdings later placed with Berkeley Research Group)
How we know, and what we could not confirm
How we know: Estonian OlyBet site; licence held by OB Holding 1 OÜ.
Olympic Entertainment Group sister sites, fines and sources →
Ratings elsewhere
- Trustpilot: read the reviews there
Ratings from other websites, with their source. We do not copy their reviews, and they do not change our facts.
Questions and answers
Who owns OlyBet?
Olympic Entertainment Group, a private casino group in Tallinn.
Is OlyBet licensed?
Yes. OB Holding 1 OÜ holds Estonian licences from EMTA.
Has OlyBet been fined?
No fine in our data names OB Holding 1 OÜ. The group's Lithuanian casino company was fined €8.4 million in 2025.
Is OlyBet legit?
OlyBet is run by OB Holding 1 OÜ, which holds licences from EMTA (Estonia). Check the licence in the EMTA (Estonia) licence register. Its owner is Olympic Entertainment Group, a private company. Fines and regulator actions against OlyBet’s own company: 0; against the whole Olympic Entertainment Group: 2. Sister sites with the same owner: 1. Guide: How to check a casino. We do not rate sites. A licence from your country’s regulator is the main protection.
What are OlyBet’s sister sites?
OlyBet has 1 sister casino with the same owner, Olympic Entertainment Group: OlyBet España. Full list: all Olympic Entertainment Group sister sites.
Sources
- https://www.emta.ee/ariklient/registreerimine-ettevotlus/hasartmangukorraldajale/seaduslike-hasartmangukorraldajate
- https://mtr.ttja.ee/juriidiline_isik/281429
Last checked 14 Oct 2026. Review text checked against our data on 19 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.
