LiveScore Group has announced a significant restructuring to align its operations with its long-term growth strategy. The decision will impact over 100 employees across various business locations, including London. Additionally, LiveScore Bet will withdraw operations from the Netherlands following a tax increase.

  • Internal restructuring aims for long-term growth.
    The restructuring impacts more than 100 roles across various locations, including London. This step is designed to streamline internal structures and ensure sustainable operations. A confidential consultation process has been initiated with all affected employees.
  • CEO acknowledges the challenges of this transition.
    Sam Sadi, CEO of LiveScore Group, expressed regret about the difficult decisions affecting team members. He emphasized the need to adapt the organization for long-term sustainability despite recent growth. The group is focused on maintaining resilience during this challenging period.
  • Employee support remains a priority.
    LiveScore Group is committed to treating all affected employees with respect and confidentiality. The company has informed impacted staff and will provide support during the transition. This approach reflects LiveScore’s dedication to its people.
  • Netherlands market exit due to tax hike.
    LiveScore Bet is withdrawing from the Netherlands as new gambling taxes make operations unviable. The tax rate is increasing from 30.5% to 37.8%, severely impacting profitability. The exit will officially occur on November 29, 2024.
  • Customer accounts and registrations are being managed.
    LiveScore Bet has deactivated account registrations to prevent new players from joining. Existing customers are being notified and guided through the process. The company ensures there will be no impact on customers outside the Netherlands.
  • Gratitude expressed to customers and partners.
    The group thanked its Dutch players, employees, and partners for their contributions since launching in 2021. The decision to exit was described as regrettable but necessary.