RGB International’s Macau subsidiary had secured a US$81.3m contract.<\/p>\n\n\n\n\n\n\n\n
Macau.- RGB International (RGBI)<\/strong> has announced that its Macau wholly-owned subsidiary has received an order from the Philippine Amusement and Gaming Corporation (PAGCOR) for 1,968 electronic gaming machines (EGMs)<\/strong> and related accessories, including LED signage and displays.<\/p>\n\n\n\n According to RGBI, the contract is worth US$81.3m. The company will handle logistics, installation of the EGMs, signage and displays, as well as providing engineering technical and product training.<\/p>\n\n\n\n The breakdown of the EGMs to be supplied includes 888 units from Light & Wonder, 888 units from Aristocrat, 150 units from Konami, and 42 units from KL Saberi. The project is expected to positively impact RGB’s earnings and net assets per share <\/strong>for the financial year ending December 31, 2024.<\/p>\n\n\n\n The company said: “The risk factors affecting the project include product availability from the various manufacturers and fluctuation in currency exchange rates.<\/p>\n\n\n\n “Although RGB Group with its vast experience may undertake efforts to mitigate the various risk factors, there is no assurance that any change in the above risk factors will not have a material adverse effect on the business and operations of RGB Group.”<\/p>\n\n\n\n RGBI has shared its financial results for the first quarter of the year<\/a>. Revenue was MYR210.1m (US$44.6m), up 120.8 per cent when compared to last year and up 93.4 per cent\u00a0quarter-on-quarter<\/a>.<\/p>\n\n\n\n The company reported a profit attributable to shareholders of MYR22.2m, compared to MYR10.5m a year earlier. In the last quarter of 2023, RGB had posted a loss of MYR26.8m.<\/p>\n","protected":false},"excerpt":{"rendered":" RGB International’s Macau subsidiary had secured a US$81.3m contract.<\/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's Macau subsidiary has secured an US$81.3 million contract from the Philippine Amusement and Gaming Corporation (PAGCOR) for the supply and installation of 1,968 electronic gaming machines (EGMs) and related accessories. This significant B2B transaction, involving EGMs from Light & Wonder, Aristocrat, Konami, and KL Saberi, is projected to positively impact RGB's earnings and net assets per share for the financial year ending December 31, 2024, following a strong Q1 revenue performance.","focusai_entities":"RGB International, RGBI, Philippine Amusement and Gaming Corporation, PAGCOR, Light & Wonder, Aristocrat, Konami, KL Saberi","focusai_location":"Macau, Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), product_ux (0.7), tech_data (0.7), investor_analyst (0.98), supplier_vendor (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on RGBI's FY24 Guidance?","query":"How does this US$81.3 million contract specifically alter RGB International's previously issued financial guidance for the full fiscal year 2024, particularly regarding revenue and EBITDA projections?"},{"label":"PAGCOR's EGM Strategy?","query":"What is PAGCOR's strategic rationale behind this substantial EGM procurement, and how will these new units be deployed across its operational portfolio to enhance GGR and player engagement?"}],"footnotes":""},"categories":[157,16338],"tags":[23853],"class_list":["post-777016064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-rgb-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016064","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=777016064"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016064\/revisions"}],"predecessor-version":[{"id":777016094,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016064\/revisions\/777016094"}],"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=777016064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}