More betting outlets to be closed starting tomorrow as Peninsular Malaysia, Sabah placed under MCO 2.0

22-Jan-2021 Intellasia | TheedgeMarkets | 6:02 AM Print This Post

More betting outlets of number forecast operators (NFOs) throughout the country will be closed from tomorrow until February 4 as the government reimposed a Movement Control Order (MCO) on the remaining states in Peninsular Malaysia.

This means all betting outlets in the country, except for Sarawak that has been placed under a Conditional Movement Control Order, will be temporarily closed.

All three Magnum Bhd, Sports Toto Malaysia Sdn Bhd and Pan Malaysian Pools Sdn Bhd (Da Ma Cai) have each updated their respective official notices on their websites about the closure of their outlets in MCO 2.0 areas.

Outlets in Kedah, Pahang, Perak, Perlis and Negeri Sembilan will be temporarily closed from tomorrow until February 4.

Last week, their respective outlets in Penang, Selangor, Kuala Lumpur, Labuan, Johor and Melaka were already closed and will continue to remain so until January 26, while only Sibu in the state of Sarawak has been placed under MCO 2.0 from January 16 until January 29.

Despite the closure of their outlets in MCO 2.0 areas, both Magnum and Sports Toto said draws will proceed as usual.

Only Da Ma Cai, on its website, announced that no draws will be conducted from January 23 until further notice.

At 2.39pm, Magnum’s shares were unchanged at RM2.13, giving it a market capitalisation of RM3.06 billion. The counter has risen 23 percent from last year’s trough of RM1.75, but it is still 22 percent lower from RM2.57 a year ago.

Shares of Berjaya Sports Toto Bhd, that owns Sports Toto, were also unchanged at RM2.02, valuing it at RM2.73 billion. Likewise, this stock is still down by 22 percent from RM2.59 one year ago, and it has gained only 7 percent from last year’s low of RM1.89.

https://www.theedgemarkets.com/article/more-betting-outlets-be-closed-starting-tomorrow-peninsular-malaysia-sabah-placed-under-mco

 

Category: Malaysia

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