RGB International has revealed that it expects to generate about US$25m in revenue by selling 1,000 slot machines to its Asia-Pacific customers this year.<\/p>\n\n\n\n\n\n\n\n
Malaysia.-\u00a0RGB International\u00a0<\/strong>has said that it is confident it will return to profitability this year after two years marked by the impact of the Covid-19 pandemic. It said its recovery is being driven by thriving machine concession, technical support and management (TSM), and sales and marketing and manufacturing (SSM) businesses.<\/p>\n\n\n\n Datuk Seri Chuah Kim Seah<\/strong>, the group’s managing director, said the company has delivered 400 gaming machines to Asia-Pacific customers this year and expects to sell some 1,000 slots, generating nearly RM110m (US$25m) in revenue.<\/p>\n\n\n\n As for the TSM business, RGB aims to lease around 5,000 gaming machines to casinos and clubs in Cambodia, Laos, Vietnam, Timor Leste and the Philippines. The TSM segment is expected to contribute about 60 per cent of group sales this year, with SSM contributing the remaining 40 per cent.<\/p>\n\n\n\n Kim Seah told The Star: \u201cIn the Philippines, we expect to lease out more than 2,800 units with a value of more than RM176mil (US$40mil) this year. Two more clubs are opening in the Philippines that will require another 270 machines from the TSM segment. The Philippines is our biggest market.”<\/p>\n\n\n\n During the fourth quarter of last year,\u00a0RGB International<\/a>\u00a0reported a decline in revenue to RM56.6m (US$13.5m), down 4 per cent year-on-year. Revenue was also down when\u00a0compared to the previous quarter<\/a>\u00a0from MYR70.1m in Q3.<\/p>\n\n\n\n For the first quarter of the current year<\/strong>, RGB posted an RM3.3m post-tax loss on RM32m in turnover. That compared to a RM4.7m loss on RM34m in last year\u2019s corresponding period.<\/p>\n","protected":false},"excerpt":{"rendered":" RGB International has revealed that it expects to generate about US$25m in revenue by selling 1,000 slot machines to its Asia-Pacific customers this year.<\/p>\n","protected":false},"author":176,"featured_media":22269,"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 anticipates a return to profitability this year, driven by robust performance in its machine concession (TSM) and sales & manufacturing (SSM) segments. The company projects US$25m in revenue from 1,000 slot machine sales and aims to lease 5,000 gaming machines across key Asia-Pacific markets, with the Philippines identified as its largest TSM jurisdiction. This positive outlook follows recent quarterly revenue declines and post-tax losses.","focusai_entities":"RGB International, Datuk Seri Chuah Kim Seah, The Star","focusai_location":"Malaysia, Asia-Pacific, Cambodia, Laos, Vietnam, Timor Leste, Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"TSM Segment Growth","query":"What specific competitive advantages or contractual terms enable RGB International to project 60% of group sales from its TSM segment, particularly in the highly contested Philippine market?"},{"label":"Profitability Drivers","query":"Beyond increased machine deployments, what operational efficiencies or cost management strategies are critical for RGB International to achieve its stated return to profitability this fiscal year, given recent quarterly losses?"}],"footnotes":""},"categories":[163,16333],"tags":[23853],"class_list":["post-31208","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\/31208","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=31208"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31208\/revisions"}],"predecessor-version":[{"id":31224,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31208\/revisions\/31224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22269"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}