PETALING JAYA: UOB Kay Hian Research expects the planned amendment to the Common Gaming Houses Act 1953, which aims to combat online gambling, to have a neutral to positive impact on number forecasting operators (NFO).
The NFO industry has been operating in a challenging environment over the past two years, burdened by stiff competition from illegal bookies, decreasing disposal income and the absorption of GST since April 2015.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
