losses of MYR6.7m (US$1.7m) <\/strong>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.<\/p>\n\n\n\nThe company saw revenues of MYR52.2m (US$12.9m) for the period<\/strong>, down 60 per cent. Revenue from RGB\u2019s main sales and marketing division fell 62 per cent fall to MYR37.2m (US$9.2m).<\/p>\n\n\n\nRGB said it had seen a decrease in the number of products sold<\/strong> mainly due to the Covid-19 pandemic.<\/p>\n\n\n\nRevenue from the technical support and management division decreased by 56 per cent<\/strong> to MYR14.9m (US$3.7m), generating a loss of MYR8.7m (US$2.1m).<\/p>\n\n\n\nBoth divisions, however, saw higher revenues than Q3<\/strong>, when sales and marketing reported revenues of MYR30.0m (US$7.4m) and technical support and management MYR9.6m (US$2.4m).<\/p>\n\n\n\nAs for 2021, RGB foresees some recovery in the gaming market<\/strong> and a better performance with vaccines now being rolled out worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"The Malaysian casino services provider reported a 60 per cent decline in revenue year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":15383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"RGB International, a casino services provider, reported a 60% year-on-year revenue decline and a net loss of MYR6.7m for Q4 2020, primarily attributed to the COVID-19 pandemic's impact on product sales. Despite sequential revenue improvement from Q3, the company anticipates market recovery in 2021, driven by global vaccine rollouts.","focusai_entities":"RGB International","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Q4 Mitigation Strategies?","query":"What specific operational adjustments or cost-cutting measures did RGB International implement to mitigate the 60% revenue decline in Q4 2020, and what was their impact on EBITDA margins?"},{"label":"B2B Peer Comparison?","query":"How does RGB International's Q4 2020 performance compare to its B2B peers in other regulated markets, and what does this imply for the broader gaming equipment and services vertical's recovery timeline?"}],"footnotes":""},"categories":[163,16333],"tags":[23853],"class_list":["post-15379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-rgb-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15379"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15379\/revisions"}],"predecessor-version":[{"id":15406,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15379\/revisions\/15406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15383"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}