Sports Toto Berhad (formerly STM Lottery Sdn Bhd) is an investment holding firm. It was established in 1969 and is traded on the Kuala Lumpur Stock Exchange.
Its subsidiaries offer software and technical services, design, manufacture and distribute computerized voting and lottery systems, and invest in real property. It also operates hotels and fitness and health centers, and provides motor retailing, repair, and aftersales services.Lotteries
Sports Toto is a Malaysia-based company that operates in the gambling sector. It is listed on the main market of Bursa Malaysia. Its subsidiaries are involved in Toto betting leasing of lottery online software and providing support for the equipment; production and distribution of computerized voting and lottery systems; property development and investment hotels motor retailing and after-sales services; asset management; and investment holding. It was founded by the Government of Malaysia on 1 August 1965, and was privatized in 1985. The company was purchased by Berjaya Sports Toto Bhd on 1 April 2022.
The Company offers lottery games in 4D which are played on Tuesdays, Wednesdays, Saturdays, and Sundays at 19:00 (Asia/Kuala Lumpur time). Prizes are only paid to those who hold an original winning ticket. It will endeavour to process tickets which are torn, mutilated or defaced in the event that the necessary information is readable for further processing and verification. Apart from the 4D games, Sports Toto also offers other lottery games such as Magnum and Da Ma Cai. In addition, the Company offers a variety of e-games as well as a sports bar. The company is headquartered Kuala Lumpur, Malaysia. Sports Toto competes with 231 active competitors and has raised over $112M in funding across 17 rounds of 51 investors. Get personalized updates on company updates, funding round, M&A transactions and more. Sign up for free.
Online gambling
Sports Toto is an online casino site that allows gamblers to bet on sporting events and also win prizes. The site is simple to navigate and provides various betting options including single bets, accumulators and more. Bets can also be placed on the outcome of particular events, such as a horse race or football match. Whatever bet you place, make sure to gamble responsibly.
Selecting the right website is essential for an enjoyable and secure betting experience. A reliable website will provide various payment options, such as electronic wallets and credit cards. It will also be outfitted with high-security features that protect your personal information. Additionally, a reliable site will also offer attractive bonuses and promotions to attract new customers.
The best sports toto sites are dedicated to offering a wide range of betting choices spanning different sports. They typically offer the most popular categories like soccer, baseball, and basketball, as well as niche sports such as darts or snooker. They also feature simple, clean layouts that make it easy to locate vital information such as odds comparisons and account information.
The sites of Sports Toto provide a variety of betting options and often provide detailed information and analysis to help users make better decisions. These sites can also assist you in optimizing your betting strategies by offering suggestions and tips from experts. Additionally, they can aid you in managing your bankroll by setting limits and taking breaks. These tools can help you avoid over-gambling and give you an enjoyable and safer experience.
To increase your chances of success, you should follow a methodical approach. This involves identifying your strengths and weaknesses and determining the amount you can afford to lose. You should also be aware of the rules that apply to betting online. Before you place any bets, ensure that you have read the terms and conditions. This will help you to have a great gambling experience. Additionally, you should never gamble with money you can't afford to lose.
Taxes
The government establishes taxes for sports toto and they are based on factors such as ticket sales, Totopia KR profits, and prize money. These taxes are not only designed to protect the gambling industry, but also to ensure a safe environment for the players. The government has also made it mandatory for lottery operators to adhere to strict safety standards and provide good customer service.
The company is confident that its prediction business will continue to grow in sales per draw, owing to the positive consumer spending during the holiday season and the ongoing enthusiasm for jackpot games. However it is likely to face challenges due to the closing of stores in Kedah and Perlis due to the state government policies, as well in competition from illegal operators.
RHB Research in its report on the firm reduced its estimates of earnings for Magnum and Sports Toto due to the imminent increase in the service tax in the budget for 2020. RHB Research also reduced its profit forecasts for gaming as a business due to the uncertainty of the future market and lower oil subsidies.
Regulations
Compliance with regulations is one of the primary factors that determine the success of a sports betting online. The operator must ensure that their betting operations are legal and in line with all government regulations. Additionally, the business must provide a safe environment for their customers. This includes ensuring that betting and prize winners are safe and secure. In case of any problems, the operator must immediately report them to the authorities.
The stock is traded on the Kuala Lumpur Stock Exchange with the symbol SPOR. The market cap of the company is 2.13B. Berjaya Sports Toto's earnings per share are 0.165.
Sports Toto competes in the B2C space alongside Media & Entertainment companies. Its investors include Institutional Investors and Angels. Get curated updates about company updates, M&A, funding rounds and more. Join today!
