The Malaysian casino services provider reported a 60 per cent decline in revenue year-on-year.
Malaysia.- Casino services provider RGB International has posted losses of MYR6.7m (US$1.7m) for the three months to 31 December 2020. That compares to a profit of MYR14.7m (US$3.6m) for the same quarter in 2019.
The company saw revenues of MYR52.2m (US$12.9m) for the period, down 60 per cent. Revenue from RGB’s main sales and marketing division fell 62 per cent fall to MYR37.2m (US$9.2m).
RGB said it had seen a decrease in the number of products sold mainly due to the Covid-19 pandemic.
Revenue from the technical support and management division decreased by 56 per cent to MYR14.9m (US$3.7m), generating a loss of MYR8.7m (US$2.1m).
Both divisions, however, saw higher revenues than Q3, when sales and marketing reported revenues of MYR30.0m (US$7.4m) and technical support and management MYR9.6m (US$2.4m).
As for 2021, RGB foresees some recovery in the gaming market and a better performance with vaccines now being rolled out worldwide.