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 move comes as gambling firms across Europe reevaluate their positions in light of significant tax hikes in the UK and mounting regulatory uncertainties.
The company’s decision follows the UK government’s 2025 Autumn Budget, which introduced steep increases to both Remote Gaming Duty and General Betting Duty. LiveScore cited these changes as pivotal in their review of international operations. Additionally, Bulgaria’s evolving regulatory landscape raises concerns about potential future tax increases aimed at closing the country’s budget gap.
In an official statement, LiveScore emphasized that this exit will allow the group to concentrate its resources on maintaining resilience and flexibility in a challenging market. “LiveScore Malta Limited has confirmed the withdrawal of its LiveScore Bet brand from Bulgaria, with operations set to formally cease by the end of 2025,” the statement read.
As part of this transition, all affected personnel have been notified and will undergo a confidential consultation process. LiveScore is also prioritizing communication with its customers in Bulgaria to ensure a smooth exit.
The situation is further complicated by Bulgaria’s plans to implement an online casino tax rate of 40% starting in April 2026, along with a separate increase in sports betting tax in the following year. Industry observers note that many operators are contemplating selling customer databases, brands, or even entire businesses as they navigate this shifting landscape.
The Betting and Gaming Council has expressed deep concerns regarding the impact of these tax hikes on employment and the gambling ecosystem. Chief Executive Grainne Hurst stated, “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.”
The pressures on the industry are palpable, as companies like evoke Plc initiate formal reviews of their operational strategies in response to these developments. The combination of increased taxes and planned shop closures poses significant challenges for the entire UK gambling sector.
As the situation continues to unfold, stakeholders are urged to stay tuned for further updates on how these changes will shape the future of gambling in Bulgaria and beyond.
