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Latest revision as of 03:57, 15 October 2024

Sports Toto's Special Draw Will Be Less Than Expected

PETALING JAYA, 6 DECEMBER: The government's move to reduce special draws run by number-prediction companies (NFO) from 22 to eight per annum is expected to have a less significant impact on Sports Toto Bhd's earnings than anticipated. Hong Leong Investment Bank Research stated that it was not too concerned, as special draws usually have lower sales. They also tend to cannibalise the sales of normal draws.

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The lottery industry is expected to be a part of the digital revolution which has transformed all other areas of the economy. In addition to enabling new ways of play, digital technology will also make purchasing tickets faster and more practical for Indian consumers. This will impact the offline, parallel lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at the local sales point.

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