Sports Toto expects growth in NFO segment in FY24

KUALA LUMPUR: Sports Toto Bhd is cautiously optimistic about the continued growth of its numbers forecast operator (NFO) business in Malaysia, expecting further increase in per draw sales driven by favourable consumer spending and steady economy expansion.

"We recognise the concerns of outlet closures in the states of Kedah and Perlis due to political developments, which could lead to the proliferation of illegal NFO activities in the underserved areas.