{"id":777018020,"date":"2024-08-09T10:09:17","date_gmt":"2024-08-09T13:09:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018020"},"modified":"2026-04-22T07:18:04","modified_gmt":"2026-04-22T10:18:04","slug":"rgb-international-formalises-deal-to-lease-egms-in-the-philippines","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rgb-international-formalises-deal-to-lease-egms-in-the-philippines","title":{"rendered":"RGB International formalises deal to lease EGMs in the Philippines"},"content":{"rendered":"\n<p>RGBL will lease 432 electronic gaming machines across 18 casinos.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- RGB International (RGBI) has announced that its wholly-owned subsidiary RGBL has finalised an agreement to lease<strong> 432 electronic gaming machines (EGMs) <\/strong>and related accessories to <strong>18 casinos in the Philippines<\/strong>. The agreement is an amendment to an original agreement established in 2019, <\/p>\n\n\n\n<p>According to a filing, the total investment value of the project is US$15.5m. Although the details of the venues were not disclosed in the announcement, RGBI has said the agreement includes the companies Pinnacles and Timor Holding.<\/p>\n\n\n\n<p>RGBL&#8217;s portion of the project cost is approximately US$4.5m, covering 50 per cent of the 432 EGMs and 50 per cent of the additional accessories, after accounting for depreciation up to August 3, 2021.<\/p>\n\n\n\n<p>In June, the company announced that <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/rgb-international-secures-slot-machine-contract-with-pagcor\" rel=\"noreferrer noopener\">its Macau wholly-owned subsidiary<\/a> received an order from the Philippine Amusement and Gaming Corporation (PAGCOR) for&nbsp;<strong>1,968 electronic gaming machines (EGMs)<\/strong>&nbsp;and related accessories, including LED signage and displays.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/rgb-international-stresses-it-wont-be-impacted-by-ban-on-offshore-gaming-operators\" rel=\"noreferrer noopener\">RGB International stresses it won\u2019t be impacted by ban on offshore gaming operators<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RGBL will lease 432 electronic gaming machines across 18 casinos.<\/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 subsidiary, RGBL, has finalized an amendment to a 2019 agreement, leasing 432 electronic gaming machines (EGMs) and accessories to 18 casinos in the Philippines. This project represents a total investment value of US$15.5m, with RGBL's portion being approximately US$4.5m. The deal underscores RGBI's continued expansion in the Philippine gaming market.","focusai_entities":"RGB International, RGBI, RGBL, Pinnacles, Timor Holding, Philippine Amusement and Gaming Corporation, PAGCOR","focusai_location":"Philippines, Malaysia, Macau","focusai_target_profile":"ceo_executive (0.9), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Revenue Recognition Impact?","query":"What are the specific revenue recognition implications for RGBI from this EGM leasing model versus outright sales, particularly concerning NGR and EBITDA projections?"},{"label":"Strategic Market Expansion?","query":"What are the long-term strategic implications of RGBI's expanded EGM leasing operations in the Philippines, considering the evolving regulatory environment and competitive landscape?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23853],"class_list":["post-777018020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-rgb-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018020","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=777018020"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018020\/revisions"}],"predecessor-version":[{"id":777018027,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018020\/revisions\/777018027"}],"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=777018020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}