The duty hike for NFO (Number Forecasting Operators) is viewed as negative as the man in the street was not expecting any such measures especially when the trend was seemingly for liberalisation with football betting being allowed initially.
Now, NFO operators (BToto, Magnum and Tanjong) would lobby the Finance Ministry to reduce the 4D first prize payout by RM200 to RM2,300 (4D Big) and RM3,300 (4D Small). Some analysts share concerns of the possibility of more tax or duty increases in the 2011 budget in October.
Apparently, the Malaysian Government appeared to be signaling that the sin sectors, and gaming in particular may just be in for a round of unfavorable reforms.
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