URGENT UPDATE: LiveScore Malta Limited has just announced its decision to withdraw the LiveScore Bet brand from Bulgaria, with operations expected to cease by the end of 2025. This strategic exit comes in response to significant tax increases in the UK and ongoing regulatory uncertainties in Bulgaria, posing immediate implications for the gambling industry.
The decision follows a comprehensive review of the company’s international operations after the UK government’s recent 2025 Autumn Budget raised both the Remote Gaming Duty and General Betting Duty. The increased tax rates, now among the highest globally, have prompted gambling companies across Europe to reassess their strategies.
LiveScore’s statement highlighted the need to focus resources where they can remain agile and resilient, especially in light of Bulgaria’s shifting regulatory landscape and the potential for further tax hikes aimed at addressing the national budget deficit.
In a critical comment, Grainne Hurst, chief executive of the Betting and Gaming Council, expressed concern over the impact of these tax increases: “These massive increases announced in the Budget 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,” she stated.
The timeline for the exit is set against the backdrop of a looming 40% online casino tax that will take effect from April 2026, with additional increases in sports betting tax planned for the following year. The situation is prompting several operators to consider drastic measures, including selling off customer databases and brands or even entire businesses.
LiveScore has begun informing affected employees about a confidential consultation process while also notifying all customers of LiveScore Bet in Bulgaria of the impending changes. This move underscores the urgency of the situation as many companies in the sector are grappling with similar challenges.
As the gambling industry faces unprecedented pressures, including rising taxes and regulatory scrutiny, all eyes will be on how other companies respond in the coming months. The future of employment in the sector remains uncertain as businesses navigate these tumultuous waters.
Stay tuned for more developments on this evolving story as the impact of these changes unfolds across the gambling landscape.
