Who owns OlyBet Lithuania?
OlyBet Lithuania 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 UAB Olympic Casino Group Baltija, Lithuania, with a licence from LPT (Lithuania) (remote gaming permit 2016-DI-42).
| 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 | UAB Olympic Casino Group Baltija, Lithuania · reg. 211733760 |
| Licenses | Lithuania — LPT remote gaming permit 2016-DI-42 |
| Products | Sports betting, Casino, Poker |
| Website | olybet.lt |
| Also runs as | olybet.ee, olybet.eu, 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 |
|---|---|---|---|
| Lithuania — LPT remote gaming permit 2016-DI-42 | — | 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: Online arm of Olympic Casino in Lithuania; site states LPT supervision.
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 Lithuania?
Olympic Entertainment Group.
Is OlyBet Lithuania licensed?
Yes. Its operator UAB Olympic Casino Group Baltija holds a licence from LPT (Lithuania) (remote gaming permit 2016-DI-42).
Has the owner of OlyBet Lithuania been fined?
2 records on file. The latest: Lithuania — LPT, 2025-03-06.
Sources
- https://web.archive.org/web/20250808140001/http://lpt.lrv.lt/en/gambling-operators/permission-list/remote-gambling
- https://www.olybet.lt/en
Last checked 14 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.