LiveScore Exits Dutch Market After License Revocation, Tax Hike Threat
LiveScore Group has announced its withdrawal from the Dutch market, citing planned tax hikes that threaten the viability of its local operations. The decision follows the revocation of its subsidiary's license by the Dutch Gambling Authority (Kansspelautoriteit).
LiveScore Malta Limited, trading as LiveScore Bet, will cease operations in the Netherlands. This move comes after the company's license was withdrawn, making it impossible for them to continue serving Dutch customers. The LiveScore Group's CEO, Sam Sadi, expressed regret but confirmed the necessity of this decision.
The Dutch Gambling Authority's actions also affected Tombola International Malta PLC, which voluntarily requested the revocation of its license. This decision is part of a broader restructuring at the Signa Group, resulting in several hundred job cuts across the company.
LiveScore Group's exit from the Dutch market is a significant development in the region's gambling industry. The company's withdrawal, along with Tombola's voluntary license revocation, highlights the impact of regulatory changes and tax increases on gambling operators.
