Saturday, November 4, 2023

Malaysian Lottery Operator - Sports Toto (KLSE:SPTOTO)

 



Sports Toto is one of Malaysia's leading 4-digits lottery providers and has a longstanding history with impressive evolution over the years. The company focuses on providing quality games with great jackpot prizes and is also engaged in number forecasting. Despite the fact that gambling is illegal in many parts of the world, Sports Toto has established a reputation for its safe and fair games.

Founded and incorporated in 1969, Sports Toto was initially an initiative by the Malaysian government to commercialise four-digits-based lottery games. On 1 August 1985, the government sold it to businessman Vincent Tan, who merged it into his Berjaya Group. Currently, the company is a wholly-owned subsidiary of Berjaya Sports Toto (KLSE:SPTOTO).

The Group's core operations are in the operation of Toto betting and leasing of online lottery equipment and software support for the Philippine Charity Sweepstakes Office in the Philippines. The Group's other businesses include luxury motor retailing, repair and maintenance and provision of aftersales services; and development, manufacturing and distribution of computerized lottery and voting systems.

In the last three years, Sports Toto’s share price has been declining by 40%. This is well below the market average, implying that investor sentiment has not matched growth expectations. However, this trend may have come to an end as the company reported a strong financial performance in the 스포츠토토 latest financial year.

BToto registered a revenue of RM3.6 billion in FY2019, a rise of 1.8%. This makes it the largest number forecast operator in Malaysia (followed by Magnum and Damacai). The group operates 676 outlets throughout the country, offering 8 games namely Toto 4D, Toto 4D Jackpot, Toto 5D, Toto Zodiac, Sports Grand Toto 6/63, Singapore Toto, Demacai 1+3D, and CashSweep.

The company has a strong commitment to social service. It has been supporting the Korean Paralympic Committee for four consecutive years, and working with Special Olympics Korea to give disabled people opportunities to enjoy sports. It also offers a programme that teaches overweight children healthy habits and helps them overcome obesity.

It has also conducted various community activities and projects to raise awareness for environmental protection. For example, it helped rehabilitate and restore a jetty in the state of Penang. In addition, it has worked with the Daniel School for special education to give children with disabilities a chance to participate in sports activities. In this regard, it is expected that Sports Toto will continue to focus on its community service activities in the future.

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Malaysian Lottery Operator - Sports Toto (KLSE:SPTOTO)
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