State elections to determine Sports Toto earnings

Sports Toto is slated to release its third-quarter financial year 2023 results next month and it will be the first quarterly results without contributions from its Kedah outlets after the suspension of it operating permits.

PETALING JAYA: Sports Toto Bhd could see a 0.39% change in earnings if there are any net addition or reduction to its total outlets after the forthcoming state elections.

The risks would be greater if the unity government loses Selangor, forcing Sports Toto to downsize its operations to contain costs if the new Perikatan Nasional-led state government chooses to close down all gaming operations in the state.