Recovery intact for Sports Toto

While lower special draws and the closure of outlets in Kedah are negative developments for Sports Toto, the net impact on the numbers forecast operator will likely be insignificant, says Kenanga Research.

PETALING JAYA: The expected earnings recovery for Sports Toto Bhd remains intact despite the change in rulings leading to reduced special draws from 2023 and the mandated closure of outlets in Kedah.

While lower special draws and the closure of outlets in Kedah are negative developments for Sports Toto, the net impact on the numbers forecast operator (NFO) will likely be insignificant.