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A Lithuanian sportsbook brand confirmed rebranded/merged into OlyBet - no longer operates standalone
Visit Orakulas →Pros
Cons
- CONFIRMED via two sources: rebranded/merged into OlyBet - the Orakulas brand no longer operates standalone
- No welcome offer available under the Orakulas name
- Players must use OlyBet directly for this operator's sports betting product
Our verdict
Orakulas, formerly a Lithuanian sportsbook brand, has rebranded/merged into OlyBet - we independently and directly confirmed this by fetching the operator's own domain (orakulas.lt) this session, which redirected straight to olybet.eu. Independently confirmed via a second, distinct source (15min.lt, mainstream Lithuanian business press): the name change to OlyBet was genuinely, publicly reported. A third source (sorainen.com, a Baltic legal/M&A firm) documents the underlying corporate history: Olympic Entertainment Group acquired 100% of Orakulas in 2015, later merging it into Olympic Casino Group Baltija to unify the Casino Olympic, OlyBet, and Orakulas brands under one licensed OlyBet identity. Separately, Lithuania's Gaming Law amendment, in force since 1 July 2021, bans all gambling promotional bonuses for licensed operators regardless of brand, so no welcome offer would have applied under the Orakulas name even before this rebrand. We report this entry as closed/rebranded, and direct players seeking this operator's product to OlyBet directly.
How we rated it
Trust & licensing (27%)3
The merger is directly confirmed via a domain redirect and independently corroborated via two sources (15min.lt mainstream press, sorainen.com's legal deal record) - a genuine, orderly corporate rebrand, but the brand no longer exists as a standalone entity to evaluate for ongoing trust.
Sportsbook (36%)1
Confirmed rebranded/merged into OlyBet - the Orakulas domain now redirects there directly, and the brand no longer operates standalone.
Bonuses & value (18%)1
No standalone offer applies since the brand has merged into OlyBet; separately, Lithuania's Gaming Law amendment bans all gambling promotional bonuses since 1 July 2021 regardless.
Customer support (18%)1
Not applicable - players are redirected to OlyBet directly.
Welcome bonus
Quick facts
| Rebrand status | CONFIRMED via two sources: orakulas.lt redirects to olybet.eu, and 15min.lt mainstream press reported the name change |
| Current operator | OlyBet (Olympic Entertainment Group), following a 2015 acquisition and later corporate merger |
| Lithuania bonus law | All gambling promotional bonuses banned since 1 July 2021, regardless of brand |
Where Orakulas is licensed
Orakulas appears on the official register in 1 country — 1 for sports betting and 0 for casino. We only feature it in markets where it holds a licence to accept you.
Europe (1)
About Orakulas
Orakulas was a Lithuanian sportsbook brand, now confirmed rebranded/merged into OlyBet, independently confirmed via two sources beyond the direct domain redirect: mainstream Lithuanian press and a legal deal record of the underlying corporate merger.
FAQ
Is Orakulas still operating?
No - we directly confirmed this session that its domain now redirects to OlyBet, meaning it has rebranded/merged.
Who operates Orakulas now?
OlyBet - the orakulas.lt domain redirects directly to olybet.eu, independently confirmed via mainstream Lithuanian press (15min.lt) and a legal deal record (sorainen.com).
Does Orakulas have a welcome bonus?
No - the brand no longer operates standalone; separately, Lithuania has banned all gambling promotional bonuses since 1 July 2021.
