LiveScore Bet asks Dutch gambling regulator to revoke license

The Dutch Gambling Authority or Kansspelautoriteit has honored a request by LiveScore Malta Limited, trading as LiveScore Bet in the Netherlands, to revoke its license, as the company is withdrawing from the market.

The regulator has also revoked the license of Tombola International Malta PLC following a voluntary request by the company, effectively ceasing the two companies' legal right to offer online games of chance in the local market.

Dutch business is no longer an option for LiveScore Bet

Market conditions necessitated the license revocation, LiveScore Group explained earlier in November, arguing that it had decided to exit the Dutch market over plans to increase the gambling tax and push it to a point that would make it hard for the company to derive value from its local operations.

At the time, LiveScore Group CEO Sam Sadi said that it was indeed difficult to see the business withdraw from the country, but it was the right decision to follow through nonetheless.

"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," Sadi said last month.

Restructuring necessary to make LiveScore Group resilient

LiveScore Group’s decision however is not uniquely tied to the Dutch gambling market alone, as the group is in fact undergoing a broader restructuring offer.

Much like Catena Media and Better Collective this year, LiveScore Group has embarked on a wider restructuring effort which involves the reduction of more than 100 positions across the company, effectively paring down the workforce.

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