BREAKING: LiveScore Malta Limited has just announced its decision to withdraw the LiveScore Bet brand from Bulgaria. The exit is set to take place by the end of 2025, reflecting a strategic response to increasing tax burdens and regulatory uncertainties impacting the gambling industry.
This significant move comes as gambling companies across Europe reassess their operations amid rising taxes in the UK, particularly after the government’s 2025 Autumn Budget introduced substantial hikes in both Remote Gaming Duty and General Betting Duty. LiveScore Malta cited these fiscal changes as a primary factor in their decision, highlighting the urgent need to refocus resources for long-term resilience.
The ongoing uncertainty surrounding Bulgaria’s regulatory environment further complicates the situation, with potential future tax hikes looming as the country seeks to address its budget deficit. LiveScore’s exit is a proactive measure aimed at maintaining flexibility and agility in an increasingly challenging market.
In a statement, the company confirmed, “LiveScore Malta Limited (part of LiveScore Group) has today confirmed the withdrawal of its LiveScore Bet brand from Bulgaria, with operations set to formally cease by the end of 2025.” All employees affected by this decision have been notified and are currently engaged in a confidential consultation process. Customers of LiveScore Bet in Bulgaria will also receive communications regarding this transition.
The implications of this decision resonate beyond just the company. The new tax regime includes a staggering online casino tax rate of 40%, effective from April 2026, alongside an increase in sports betting tax slated for the following year. These hikes are causing significant concern within the industry, prompting some operators to contemplate selling off customer databases or entire businesses, while others adopt a wait-and-see approach.
Grainne Hurst, Chief Executive of the Betting and Gaming Council, expressed the gravity of the situation: “Massive tax increases for online betting and gaming announced in the Budget make them among the highest in the world, and are a devastating hammer blow to tens of thousands of people working in the industry across the UK, and millions of customers who enjoy a bet.” Her statement underscores the broader impact on employment and consumer choice within the sector.
As pressure mounts across the UK gambling landscape, other operators like evoke Plc are already initiating reviews of their strategic directions. The ongoing tax increases and planned closures of retail locations are adding to the challenges faced by companies in the industry.
With LiveScore Bet’s exit from Bulgaria, the future of gambling in the region remains uncertain. Stakeholders are urged to stay informed as the situation develops, with significant changes on the horizon for both businesses and consumers in the gambling sector.
This urgent update underscores the need for ongoing evaluation of regulatory changes and their impact on the gaming industry, making it essential for both operators and customers to remain vigilant and informed.
