Who owns OlyBet Latvia?
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).
| 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 |
| Licenses | 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 |
| 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 |
|---|---|---|---|
| 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".
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 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.
Sources
Last checked 14 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.