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It was established by the Government of Malaysia on 1 August 1965 and privatised in 1985. Berjaya Sports Toto Bhd acquired the company on April 1, 2022.<br><br>The Company offers 4D lotteries that are played on Tuesday, Wednesday, Saturday, and Sunday at 19:00 (Asia/Kuala Lumpur). The prizes are only paid to those who possess a valid winning ticket. It will accept tickets that are torn or damaged, so long as the vital information can be read to further process and verify. Sports Toto offers a variety of lottery games, including Magnum and Da Ma Cai. The company also offers e-games, a sports bar and a variety of electronic games. The Company is headquartered in Kuala Lumpur, Malaysia. Sports Toto competes against 231 active competitors. It has raised more than $112 million through 17 funding rounds, involving 51 investors. Get regular updates on company news, funding rounds, M&amp;A transactions and more. 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The government has also made it mandatory for lottery operators to follow strict safety standards and provide adequate customer service.<br><br>The company is confident that its number-prediction business will continue to grow in terms of sales per draw, due to the increase in consumer spending during the festive season and continued interest in jackpot games. It will still face difficulties due to the closing of its outlets in Kedah, Perlis and other states due to the state government's policy as well as from illegal operators.<br><br>In its report on the company, RHB Research lowered its earnings estimates for Magnum and Sports Toto because of the likely increase in tax on services in the Budget 2024. The company also reduced their estimates of gaming's profits as a business with a focus on the uncertain future market and lower oil subsidies.<br><br>Regulations<br><br>The compliance of regulatory authorities is a crucial factor in determining the success of an online sports betting toto. The operator must ensure that their betting activities are legal and in line with all regulations of the government. The company should also offer security to their customers. This includes ensuring that betting and prize winners are safe and secure. If there is any issue the operator should immediately notify the authorities.<br><br>The stock is traded on the Kuala Lumpur Stock Exchange under the symbol SPOR. The market capitalization of the company is 2.13B. Berjaya Sports Toto has a profit per share of 0.165.<br><br>Sports Toto competes with Media &amp; Entertainment Companies in the B2C market. Its investors include Institutional Investors and Angels. 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