NFO ban in Kedah seen to have minimal impact

UOB Kay Hian Research reckoned that there are about 43 4D outlets in Kedah currently, including 20 Berjaya Sports Toto Bhd (BToto) stores, 11 Magnum Bhd’s Magnum 4D stores and 12 Da Ma Chai stores operated by Pan Malaysian Pools Sdn Bhd.

PETALING JAYA: The move to stop renewals of business licences of 4D lottery shops in Kedah would have minimal impact on numbers forecast operators’ (NFOs) earnings, as long-term prospects are expected to remain stable.

According to UOB Kay Hian Research, the earnings impact on NFOs is estimated to be lower than 4% to 5% of net profit.