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BToto sees higher earnings
PETALING JAYA: Berjaya Sports Toto Bhd’s (BToto) net profit for its second quarter ended Dec 31,2020 rose to RM65.06mil from RM61.94mil in the previous corresponding period, mainly due to lower prize payouts as well as lower operating expenses incurred during the period.
A shot in the foot
Why illegitimise a legal trade and legitimise an illegal one by doing what’s obviously counter-productive?
Strong recovery predicted for number forecast operators
PETALING JAYA: The number forecast operators (NFOs) may be facing a tough time now with the latest movement control order (MCO), but given the inelastic nature of their business, ticket sales are likely to recover strongly once all the outlets are allowed to reopen.
Short Position - Pui's challenge, online betting, price cycle
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).
Positive outlook for number forecast operators
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.
Current gambling laws lack bite
PETALING JAYA: The authorities need more legal muscles to curb the growing illegal gambling and bookmaking menace in the country.
Gambling syndicates exploit vacuum during MCO
PETALING JAYA: Using the InterÂnet 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.
Budget wishlist
IT will be a momentous moment for Tengku Datuk Seri Zafrul Abdul Aziz when he delivers the country’s Budget 2021 amid the most challenging of times.
Illegal 4D betting a growing menace
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.
