Sports Toto Berhad was incorporated in 1969 as Unilite Electrical
Berhad. The Company changed its name to Far East Asset Berhad in 1987. On 31 October 1992,
Company completed its acquisition of the entire issued and paid-up share capital of
ordinary shares of 50 sen each in STM Lottery Sdn Bhd ("STM Lottery"), formerly known as Sports Toto Malaysia Sdn Bhd, for a
consideration of RM600 million through an issue of RM390.97 million 9% nominal amount of
Redeemable Convertible Unsecured Loan Stocks 1992/97 in the Company and the balance in cash
RM209.03 million. On 17 May 1993, the Company was renamed Berjaya Sports Toto Berhad.
It was renamed Sports Toto Berhad on 1 April 2022.
The core businesses of the Group are:
The history of STM Lottery began in 1969 when it was incorporated to run the Toto betting
business. It was essentially the Government's effort to raise funds to promote and develop
sports, youth and cultural activities.
STM Lottery was privatised in 1985 when its Chief Executive Officer, Tan Sri Dato' Seri Vincent Tan Chee Yioun, through his private company acquired 70% of the paid-up capital.
STM Lottery offers 8 games which are drawn 3 days in a week.
Internationally, Sports Toto Berhad operates in Philippines through its subsidiary Berjaya Philippines, Inc. ("BPI") which is listed on the Philippine Stock Exchange.
In the United Kingdom, BPI's subsidiary, H.R. Owen Plc operates a number of luxury vehicle dealerships in the prestige and specialist car market for both sales and aftersales in United Kingdom.
In the USA, Sports Toto Berhad's subsidiary, International Lottery & Totalizator Systems, Inc. ("ILTS") provides computerized wagering equipment and systems to the online lottery and pari-mutuel racing industries worldwide and its wholly-owned subsidiary, Unisyn Voting Solutions, Inc. manufactures and distributes voting systems and machines to voting jurisdictions in the USA.