URGENT UPDATE: LiveScore Malta Limited has just announced it will withdraw its LiveScore Bet brand from Bulgaria, with operations expected to cease by the end of 2025. This strategic exit comes as gambling companies across Europe reassess their positions in light of increasing tax burdens in the UK and ongoing regulatory uncertainties in Bulgaria.
The decision follows the UK government’s recent 2025 Autumn Budget, which significantly raised both the Remote Gaming Duty and the General Betting Duty. LiveScore cited these changes, along with potential future tax hikes in Bulgaria aimed at addressing the country’s budget deficit, as crucial factors in its decision.
In their statement, LiveScore emphasized: “This withdrawal allows us to refocus our resources and remain resilient in a challenging environment.” The company is currently informing affected employees and customers about the transition, with a consultation process already in place.
As part of this regulatory shift, a 40% online casino tax is set to take effect in Bulgaria from April 2026, with an increase in sports betting tax planned for the following year. This mounting pressure has forced several operators to consider drastic measures, including the sale of customer databases and even entire brands.
The implications of these tax increases are profound. Grainne Hurst, CEO of the Betting and Gaming Council, expressed grave concerns, 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, and millions of customers who enjoy a bet.”
As the UK gambling sector grapples with these challenges, companies like evoke Plc are launching formal reviews of their future strategies. The pressure from tax hikes and potential shop closures adds to an already strained landscape.
With LiveScore Bet’s exit, the focus now shifts to how this move will impact both the Bulgarian market and the wider European gambling industry. Stakeholders are watching closely as the situation develops, and the ramifications could be significant for employees and customers alike.
Stay tuned for updates as this story unfolds.
