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FOR three weeks beginning Dec 18,2020, there were doubts if Batu Kawan Bhd would be successful in its offer to take over Chemical Company of Malaysia Bhd (CCM).
DUE to the second movement control order (MCO 2.0), gaming and numbers forecast operators (NFOs) will see hits to their earnings for financial year 2021 (FY21), say financial analysts.
PETALING JAYA: The reintroduction of the movement control order (MCO) in several parts of the country will see about half of the numbers forecast outlets (NFOs) shut during that period, but analysts are still positive on the sector.
PETALING JAYA: Number forecast operators (NFOs) Berjaya Sports Toto Bhd and Magnum Bhd had their forecast earnings revised upwards for the next two financial years, by RHB Research, following news of extra special draws.
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.