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Berjaya Sports Toto - New trajectory of growth with new Power Toto 6/55 game
Berjaya Sports Toto (BToto) will go ex-dividend and treasury share distribution (1:14) on 13 Jul 09. Dividend payment and share transfer will be made on 27 Jul 09. In addition, the new Power Toto 6/55 game, which replaces the existing Toto 6/42 Jackpot game, will be launched in Nov 09. All the necessary approvals have been obtained from the Ministry of Finance (MOF).Power Toto 6/55 lotto game to power tickets sales. The new lotto game will have a much larger matrix (three additional numbers), it guarantees a larger upfront jackpot of RM3m and has no limit on jackpots vs RM2m upfront and a maximum jackpot of RM30m for Mega Toto 6/52. Drawing on the experience with the Mega Toto 6/52 game which raised revenue by about 5%, the new lotto game is expected to raise gross turnover per draw by 1-3% and earnings by 2-4% for FY10-12, after factoring in some cannibalisation on existing games.Utilisation of 12 special draws by Dec 09. Management plans to utilise all 12 special draws by Dec 09, leaving 4QFY10 without any
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