Sports Toto Berhad was incorporated in 1969 as Unilite Electrical Industries Berhad. The Company changed its name to Far East Asset Berhad in 1987. On 31 October 1992, the Company completed its acquisition of the entire issued and paid-up share capital in STM Lottery Sdn Bhd ("STM Lottery"), formerly known as Sports Toto Malaysia Sdn Bhd, for a purchase consideration of RM600 million. On 17 May 1993, the Company was renamed Berjaya Sports Toto Berhad. It was renamed Sports Toto Berhad on 1 April 2022.