URGENT UPDATE: LiveScore Malta Limited has just confirmed its decision to withdraw the LiveScore Bet brand from Bulgaria, with operations set to officially cease by the end of 2025. This strategic exit follows significant tax hikes announced by the UK government, prompting a reevaluation of operations across Europe’s gambling sector.
The announcement comes in the wake of the UK’s 2025 Autumn Budget, which raised both the Remote Gaming Duty and General Betting Duty. LiveScore cited ongoing uncertainty in Bulgaria’s regulatory environment, highlighting the looming threat of additional tax increases aimed at addressing the national budget deficit. By stepping back from Bulgaria, LiveScore aims to concentrate resources on long-term agility and resilience.
In an official statement, LiveScore noted, “The decision is a strategic mitigation following the UK government’s budget announcements. Furthermore, the exit decision considers the uncertainty in Bulgaria’s own regulatory landscape.” The company has begun notifying affected employees and customers in Bulgaria, initiating a confidential consultation process for all stakeholders involved.
As of April 2026, Bulgaria will implement a staggering 40% tax rate on online casino revenues, with a further increase in sports betting tax expected the following year. These changes have already prompted some operators to consider liquidating assets or selling customer databases to navigate the shifting market landscape.
Grainne Hurst, Chief Executive of the Betting and Gaming Council, expressed serious concerns about the impact of these tax hikes. “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,” she stated, emphasizing the broader implications for both employment and consumer experiences.
In parallel, the industry is witnessing a wave of introspection, as companies like evoke Plc launch formal reviews of their operational strategies. The pressure of increasing taxes and potential shop closures is adding to an already challenging environment for gambling operators in the UK.
As the situation develops, stakeholders and consumers alike are advised to stay alert for further changes impacting the gambling landscape in Bulgaria and beyond. The ramifications of these tax hikes could reshape the industry, affecting not only operators but also the millions of users who engage with these platforms daily.
LiveScore’s exit underscores a critical juncture for the gambling sector in Europe, marking a pivot point that could influence future investments and operational strategies in the region.
Stay tuned for more updates as this story unfolds.
