LiveScore Bet will cease operating in the Netherlands on 29 November, ahead of the planned gambling tax increase in the country.
The decision to withdraw from the market is in response to the Dutch government’s plan to raise the gambling tax from 30.5 per cent to 37.8 per cent of gross gaming revenue (GGR) in two phases beginning in January 2025.
The tax rate will rise to 34.2 per cent at the beginning of next year and then jump to 37.8 per cent in January 2026.
LiveScore Bet has already ceased new customer registrations and players will be unable to make any new deposits from the week commencing 25 November.
LiveScore has also informed the Dutch gambling regulator Kansspelautoriteit (KSA) of its decision to relinquish its licence.
“On behalf of all LiveScore Malta directors, it is with regret that we have made the difficult decision to exit LiveScore Bet from the Netherlands. Unfortunately, the planned tax increase means that this market is no longer viable commercially,” said LiveScore Group CEO Sam Sadi.
“Since our launch in 2021, we have built a brilliant community of engaged customers, and we will greatly miss our relationship with them. We would like to thank our players, people and partners during our time in operation.”