Who owns OlyBet?
OlyBet 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 OB Holding 1 OÜ, Estonia, with licences from EMTA (Estonia).
| 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 |
| Licenses | 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 |
| Sister casinos | 0 |
| Fines and actions | 2 |
| Owner proof | verified |
| Last checked | 14 Oct 2026 |
In numbers
- 2 regulator fines against the owner since 2019, about €8.9 million in total (converted to euros).
Licences
| 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 these licences mean for you
- Estonian rules apply to players in Estonia. Estonia blocks gambling sites that have no Estonian licence.
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.
Everything Olympic Entertainment Group owns, with fines and sources →
Regulator 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?
Olympic Entertainment Group.
Is OlyBet licensed?
Yes. Its operator OB Holding 1 OÜ holds licences from EMTA (Estonia).
Has the owner of OlyBet been fined?
2 records on file. The latest: Lithuania — LPT, 2025-03-06.
Sources
- https://www.emta.ee/ariklient/registreerimine-ettevotlus/hasartmangukorraldajale/seaduslike-hasartmangukorraldajate
- https://mtr.ttja.ee/juriidiline_isik/281429
Last checked 14 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.