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A major internal reorganization has been announced by LiveScore with the goal of bolstering its “sustainable growth strategy.” Positions in several offices, including its London headquarters, will be affected by the change, which was announced on November 19. LiveScore stressed that the modifications are intended to optimize operations and lay the groundwork for long-term success, even though specifics are still unknown.
The organization characterized the reorganization as a difficult but necessary choice. According to LiveScore, the changes would allow it to create better frameworks to support its long-term goals. Workers who will be impacted by the reorganization are being informed and will participate in a private consultation process.
LiveScore CEO Sam Sadi acknowledged the emotional and professional challenges tied to this decision. “On behalf of all directors of LiveScore Group, and the relevant subsidiary companies, we are saddened by the difficult decision to commence an internal restructure of the business,” he stated. Sadi noted that while the move impacts a significant portion of the workforce, it is necessary for the organization’s long-term health.
“This is a hard time for all our people, as we say goodbye to colleagues who have played an important role in our journey across recent years,” he added.
This restructuring follows LiveScore’s announcement that its LiveScore Bet brand will withdraw from the Netherlands, effective November 12. Operated by LiveScore Malta, the brand had entered the Dutch market as one of the first 10 operators in 2021.
The decision to leave comes after the Netherlands recently raised taxes on gross gaming earnings. The tax rate will grow from 30.5% to 34.2% in January 2024, and then again the following year to 37.8%. Operators find the industry less sustainable as a result of these sharp rises; Tombola, owned by Flutter Entertainment, has also announced its exit.
In spite of these obstacles, LiveScore is committed to changing its operations in order to ensure a secure future. The business keeps putting sustainable growth first and honing its international operations to withstand changing market conditions.