Tan has an effective stake of 51% in the Vietnam lottery business through BCorp and Berjaya Sports Toto Bhd (BToto). Tycoon ups bet in number forecast operationTycoon Tan Sri Vincent Tan’s gaming business just got bigger. According to Maybank Investment Bank Bhd’s (MIB) estimation, Berjaya’s Vietnam lottery business could potentially rake in a net profit of RM522mil per annum during its steady state. Experts reckon there is huge earnings potential in Vietnam, whose lottery market is estimated to worth at least US$3bil (RM12bil) per year. “The risk for Berjaya group in Vietnam is the potential competition from the illegal gaming market,” an analyst says.

Source: The Star July 15, 2016 23:03 UTC