UPDATE: LiveScore Malta Limited has announced its decision to withdraw its LiveScore Bet brand from Bulgaria, with operations set to cease by the end of 2025. This urgent move comes as gambling companies across Europe reassess strategies in light of soaring taxes in the UK and regulatory uncertainty elsewhere.
The announcement follows the UK government’s recent 2025 Autumn Budget, which significantly increased both Remote Gaming Duty and General Betting Duty. LiveScore’s exit reflects a broader trend among operators facing heightened fiscal pressures and the risk of further tax hikes in Bulgaria aimed at bridging the national budget deficit.
In a formal statement, LiveScore noted:
“This decision is a strategic mitigation following the UK government’s 2025 Autumn Budget, which saw significant increases to both Remote Gaming Duty and General Betting Duty.”
The company emphasized that the exit allows it to concentrate resources on maintaining flexibility and resilience in an evolving market.
Notably, Bulgaria is set to implement a staggering 40% tax rate on online casinos starting in April 2026, with additional increases on sports betting anticipated for the following year. This tax climate has prompted many operators to consider drastic measures, including divesting customer databases and brands.
The implications of this decision extend beyond business strategy; concerns over employment and safe gambling practices are mounting. Grainne Hurst, chief executive of the Betting and Gaming Council, expressed alarm, stating:
“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.”
As LiveScore prepares to notify all affected customers in Bulgaria, the industry watches closely. Other companies, such as evoke Plc, are also evaluating their future amid increasing pressure, with some even contemplating shop closures and other significant operational changes.
With this development, the gambling landscape in Europe appears increasingly volatile. Stakeholders are urged to monitor ongoing changes as companies navigate these challenging waters.
The full impact of LiveScore’s exit and the broader ramifications for the gambling sector remain to be seen, but one thing is clear: the industry is at a critical juncture.
