Who owns OlyBet Latvia?
As of : OlyBet Latvia is owned by Olympic Entertainment Group, private (bought out and delisted from Nasdaq Tallinn in 2018 by Odyssey Europe AS, a Novalpina Capital vehicle). The site runs under SIA "Olybet Latvia", Latvia, with a licence from IAUI (Latvia, E-06; TI-16). The same owner has 1 other casino.
| 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 | SIA "Olybet Latvia", Latvia · reg. 44103143645 |
| Licences | Latvia — IAUI E-06; TI-16 |
| Products | Sports betting, Casino, Poker |
| Website | olybet.lv |
| Also runs as | olybet.ee, olybet.eu, olybet.lt, olybet.sk, olybet.fr |
| Companies of the other sites | OB Holding 1 OÜ (olybet.ee, olybet.eu) · Estonia — EMTA HKL000510 · Estonia — EMTA HKL000340 · Estonia — EMTA HKT000050 · Estonia — EMTA HKT000049 UAB Olympic Casino Group Baltija (olybet.lt) · Lithuania — LPT 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 Latvia’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).
Licences
| Regulator | Type | Valid | Check it |
|---|---|---|---|
| Latvia — IAUI E-06; TI-16 | — | active | register |
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: Domain listed by the Latvian regulator for SIA "Olybet Latvia".
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 Latvia cover its sister sites? · How national self-exclusion schemes work
Olympic Entertainment Group sister sites, fines and sources →
Fines and regulator actions
None of these 2 names OlyBet Latvia’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 |
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 Latvia?
Olympic Entertainment Group.
Is OlyBet Latvia licensed?
Yes. Its operator SIA "Olybet Latvia" holds a licence from IAUI (Latvia, E-06; TI-16).
Has the owner of OlyBet Latvia been fined?
2 records on file. The latest: Lithuania — LPT, 2025-03-06.
Is OlyBet Latvia legit?
OlyBet Latvia is run by SIA "Olybet Latvia", which holds a licence from IAUI (Latvia, E-06; TI-16). Its owner is Olympic Entertainment Group, a private company. Fines and regulator actions against OlyBet Latvia’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 Latvia’s sister sites?
OlyBet Latvia has 1 sister casino with the same owner, Olympic Entertainment Group: OlyBet España. Full list: all Olympic Entertainment Group sister sites.
Sources
Last checked 14 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.
