Maybank Investment Bank Research does not discount the possibility that numbers forecast operators (NFO) gaming tax rates may be hiked in the Budget 2020 proposals to be announced on Oct 11.
KUALA LUMPUR: Maybank Investment Bank Research does not discount the possibility that numbers forecast operators (NFO) gaming tax rates may be hiked in the Budget 2020 proposals to be announced on Oct 11.
“We estimate that every 1ppt hike in NFO gaming tax rates will cut our Magnum and Berjaya Sports Toto (BToto) EPS estimates and TPs by 7% each.
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