UPDATE: LiveScore Malta Limited has just announced its decision to withdraw the LiveScore Bet brand from Bulgaria, with operations set to conclude by the end of 2025. This urgent move comes in response to recent tax hikes in the UK and escalating regulatory uncertainty across Europe.
The company states that this strategic retreat follows a thorough review of its international operations, particularly after the UK government’s 2025 Autumn Budget significantly increased both the Remote Gaming Duty and General Betting Duty. LiveScore also highlighted the unpredictable nature of Bulgaria’s regulatory landscape, raising concerns about potential future tax increases aimed at addressing the country’s budget deficit.
In a formal statement, LiveScore confirmed, “The withdrawal of the LiveScore Bet brand from Bulgaria is a strategic mitigation following the UK government’s tax increases. This decision allows us to focus our resources to remain flexible and resilient for the future.” The company is now in the process of notifying affected employees and customers, initiating a confidential consultation process for those impacted.
The exit from Bulgaria comes at a crucial time, as the online casino tax rate is poised to rise to 40% starting in April 2026, with further increases for sports betting planned for the following year. This escalating tax environment is prompting many operators to consider selling customer databases, brands, or entire businesses, while others adopt a wait-and-see approach before making significant decisions.
Concerns about the broader implications of these tax hikes on employment and safer gambling practices have been voiced by industry leaders. Grainne Hurst, Chief Executive of the Betting and Gaming Council, stated, “Massive tax increases for online betting and gaming make them among the highest in the world. This is a devastating hammer blow to tens of thousands of people working in the industry across the UK and the millions of customers who enjoy a bet.”
As the UK gambling sector faces mounting pressure, companies like evoke Plc are also reviewing their future strategies amid these changes. The combination of tax increases and planned shop closures by major brands adds to the challenges facing the industry.
LiveScore’s exit from Bulgaria marks a significant shift in strategy, emphasizing the urgent need for operators to adapt to a rapidly changing regulatory and fiscal landscape. Stakeholders and customers alike are advised to stay informed as this situation develops.
For now, the focus shifts to how LiveScore and other gambling companies will navigate these turbulent waters while addressing the needs of their customers and employees in the wake of these sweeping changes.
