NFO sales rebound
PETALING JAYA: Industry gross number forecast operator (NFO) sales are on a rebound, following active enforcement by the authorities to stamp out illegal gambling activities.
According to Maybank IB Research, Classic 4D sales across Malaysia have gone up. This is significant as Classic 4D accounts for an estimated 70% of industry gross NFO sales.
The research house raised its 2019 industry gross NFO sales per draw growth forecast to 3%, from 2% previously.
This conservatively implies only one percentage point contribution from more active enforcement.
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