Taking a bet on NFOs

Analysts say the decision to cut the number of special draws is expected to have a minor impact on players’ earnings as the profit contribution from these special draws is low.

NUMBER forecast operators (NFOs), with their steady cash flow and lush dividend yields, are seen as safe haven, especially in a volatile market environment.

But the decision of the newly-formed unity government to reduce the number of special draws by NFOs to eight days in 2023, from the present 22, rattled investor sentiment.