Who owns Pafbet Latvia?
As of : Pafbet Latvia is owned by Paf (Ålands Penningautomatförening), a gaming association that the government of Åland in Finland owns. The site pafbet.lv runs under SIA "PAF Latvija", company number 40203073973. The Latvian regulator IAUI lists this company as licence holder with licence E-02; TI-09. Pafbet offers sports betting and poker to players in Latvia.
| Ultimate owner | Paf (Ålands Penningautomatförening) (state-owned (Government of Åland)) |
|---|---|
| Operating company | SIA "PAF Latvija", Latvia · reg. 40203073973 |
| Licences | Latvia — IAUI E-02; TI-09 |
| Products | Sports betting, Poker |
| Website | pafbet.lv |
| Sister casinos | 11 |
| Fines and actions | Pafbet Latvia’s own company: 0 · whole Paf (Ålands Penningautomatförening) group: 2 |
| Owner proof | verified |
| Last checked | 14 Oct 2026 |
In numbers
- SIA "PAF Latvija" also runs 1 other gambling brand under the same company and licence.
- Paf (Ålands Penningautomatförening) owns 12 casino and betting brands (22 websites) in our data.
- 2 fines and regulator actions against the owner since 2025, about €75,000 in total (converted to euros).
Finnish gambling licence
Paf (Ålands Penningautomatförening) has applied for a Finnish gambling licence (20 July 2026). The source does not name the brand Pafbet Latvia. Licensed gambling can start on 1 July 2027 at the earliest. (source: MTV Uutiset)
Finland licence tracker: who applied and who owns them → · What changes for players on 1 July 2027 →
Who is behind it
The Latvian regulator lists pafbet.lv as a domain of SIA "PAF Latvija". That company is part of Paf, which the Åland government owns. Paf was founded in 1966 on Åland, an autonomous region of Finland. Pafbet is Paf's Latvian sports betting and poker site. It is separate from the main paf.com site, which has its own review.
Licence and what it means for you
SIA "PAF Latvija" holds an active licence from IAUI, the Latvian gambling regulator. The licence entry is E-02; TI-09. Latvian rules apply to players on pafbet.lv, and a complaint goes to IAUI. Paf's Swedish and Spanish sites run under other Paf companies and other national rules.
Licence records
| Regulator | Type | Valid | Check it |
|---|---|---|---|
| Latvia — IAUI E-02; TI-09 | — | active | register |
Sister sites
Paf runs 11 other brands in our data. The nearest one for a Latvian player is the main Paf brand. Other Paf brands include SpeedyBet, Svajpa, Körba, X3000 and Piñata Casino. Paf bought the Speedy companies from Hero Gaming in 2021. An account limit at Pafbet does not move to these brands by itself.
11 sister casinos
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.
Pafpaf.com
1X21x2.se
Casino Epiccasinoepic.se
Svajpasvajpa.se
Golden Bullgoldenbull.se- Körbakörba.se
X3000x3000.com
SpeedyBetspeedybet.com
Piñata Casinopinatacasino.es
Speedy Casinospeedycasino.com- Snurrsnurrcasino.se
Does self-exclusion at Pafbet Latvia cover its sister sites? · How national self-exclusion schemes work
Fines and regulator actions
Our data lists no fine or warning against SIA "PAF Latvija" or pafbet.lv. The Paf group has 2 actions in our data. They concern other Paf companies, in Spain and in Sweden. The table below lists them with dates and sources.
All 2 fines and regulator actions, with sources
None of these 2 names Pafbet Latvia’s own company; they concern other companies of the Paf (Ålands Penningautomatförening) 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 |
|---|---|---|---|---|
| 2025-12-03 | Speedy Ltd | Spelinspektionen (Sweden) | — | Remark over consumer information duties. source |
| 2025-01-29 | PAF International PLC | Spain — DGOJ | EUR 75,000 | Used technical systems that were not approved, e.g. moving gambling data to a new data centre without approval. Nominal fine €125.000; reduced to €75.000 after the firm admitted liability and paid early. Case ES/2025/004; DGOJ lists it under 2025. source |
About Paf (Ålands Penningautomatförening)
Gaming association owned by the autonomous Åland government. Holds Swedish licences via Paf International, PAF MT and PAF New Tech; bought the Speedy companies from Hero Gaming in 2021.
Headquarters: Finland (Åland) · Founded: 1966 · Ownership: state-owned (Government of Åland)
How we know, and what we could not confirm
How we know: Domain listed by the Latvian regulator for SIA "PAF Latvija".
Paf (Ålands Penningautomatförening) 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.
Often compared
- Are Paf and Pafbet Latvia owned by the same company? Yes, both are owned by Paf (Ålands Penningautomatförening).
- Are Pafbet Latvia and SpeedyBet (Sweden, speedybet.com) owned by the same company? Yes, both are owned by Paf (Ålands Penningautomatförening).
- Are Pafbet Latvia and Speedy Casino owned by the same company? Yes, both are owned by Paf (Ålands Penningautomatförening).
Questions and answers
Who owns Pafbet Latvia?
Paf (Ålands Penningautomatförening), which the government of Åland owns.
Is Pafbet licensed in Latvia?
Yes. SIA "PAF Latvija" holds Latvian licence E-02; TI-09 from IAUI.
Is Pafbet the same as Paf?
Pafbet is Paf's Latvian sports betting and poker site. It has the same owner but a separate Latvian company.
Is Pafbet Latvia legit?
Pafbet Latvia is run by SIA "PAF Latvija", which holds a licence from IAUI (Latvia, E-02; TI-09). Its owner is Paf (Ålands Penningautomatförening), a state-owned company. Fines and regulator actions against Pafbet Latvia’s own company: 0; against the whole Paf (Ålands Penningautomatförening) group: 2. Sister sites with the same owner: 11. Guide: How to check a casino. We do not rate sites. A licence from your country’s regulator is the main protection.
What are Pafbet Latvia’s sister sites?
Pafbet Latvia has 11 sister casinos with the same owner, Paf (Ålands Penningautomatförening): Paf, 1X2, Casino Epic, Svajpa, Golden Bull and 6 more. Full list: all Paf (Ålands Penningautomatförening) sister sites.
Sources
Last checked 14 Oct 2026. Review text checked against our data on 20 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.
How casino ownership works: the data
Other languages: Suomi
