Sports Toto, The Making of a Cash Generating Machine
Timeline Description 1969 The Malaysian government established STM Lottery to operate Toto betting under the Pool Betting Act 1967. The objective was to fund sports and social development. 1984 Vincent Tan acquired control of Berjaya Kawat, later renamed Berjaya Industrial Berhad. This marked the start of a broader acquisition strategy. 1985 The government privatised STM, […]