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PETALING JAYA: Business in the number forecast operator (NFO) industry has yet to recover to its pre-Covid-19 levels, causing analysts to slash earnings estimates and downgrade the sector.
PETALING JAYA: Using the Internet and technology, gambling syndicates offering 4D draws are estimated to have made more than RM250mil when the first phase of the movement control order (MCO) was introduced in mid-March.
KUALA LUMPUR: The King, Sultan Abdullah Sultan Ahmad Shah’s decision not to declare an emergency is a major relief to the market as such a declaration would shake the confidence of consumers, businesses and investors in the country.
PETALING JAYA: Illegal 4D betting syndicates have taken a big chunk of the legitimate Number Forecast Operators’ (NFO) business away and caused the government to lose some RM3bil in tax revenue annually.
PETALING JAYA: Undeterred by the action and laws against illegal gambling, syndicates in this trade are bold enough to openly set up their “stores” next to legitimate number forecast operators (NFOs) to lure punters.
Number forecast operators strike the right note now
PETALING JAYA: Numbers forecast operators (NFOs), who restarted their operations in mid-June, saw their sales recover to about 80%-85% of pre-movement control order (MCO) levels by the end of August.
THE reopening of Genting Malaysia Bhd’s flagship Resorts World Genting (RWG) some three weeks ago has received good response from patrons, a sign that the gaming company is on the road to recovery, albeit early days.
KUALA LUMPUR: Maybank Investment Bank Research is retaining its Buy on numbers forecast operators (NFOs) Magnum and Berjaya Sports Toto as jackpot sales have recovered by about 78% in two and a half weeks.