BToto warns rampant illegal gambling may hurt earnings


In fact, the research house said, Berjaya Sports Toto Bhd

KUALA LUMPUR: Berjaya Sports Toto Bhd says “rampant” illegal gambling is a challenge for the company, even as it posted a 23% jump in net profit to RM59.2mil in the third quarter ended Jan 31.

The higher earnings was boosted by a turnaround at London-based luxury car dealer H.R. Owen Plc and lower prize payouts by core subsidiary Sports Toto, the company said in a filing with Bursa Malaysia today.

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