• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Casino tech firm RGB 3Q profit down 7pct, revenue up

Nov 29, 2019 Newsdesk Industry Talk, Latest News, Rest of Asia  


Casino tech firm RGB 3Q profit down 7pct, revenue up

Casino equipment maker RGB International Bhd reported third-quarter unaudited profit attributable to shareholders of nearly MYR11.18 million (US$2.68 million), down 6.8 percent from the prior-year period.

Group revenue during the three months to September 30 this year rose 29.1 percent year-on-year, to just above MYR111.6 million, the firm said in a Thursday filing to Bursa Malaysia.

Earnings before interest, taxation, depreciation and amortisation stood at MYR23.23 million in the July to September period, up 10.9 percent from a year earlier.

Revenue for product sales and marketing – the firm’s main segment – rose by 43.5 percent from the prior-year period to nearly MYR80.61 million in the reporting period. Profit before tax for that division rose by 38.5 percent year-on-year to approximately MYR10.11 million in the third quarter of 2019, which the company said was “due to an increase in the number of products sold” in the reporting quarter.

The technical support and management division achieved revenue of MYR30.69 million for the quarter to September 30, up 8.2 percent compared to the corresponding quarter in 2018, “mainly due to a better performance in the Philippines’ outlets and the opening of a new outlet,” said RGB. The company did not identify the new outlet or its location.

Quarterly pre-tax profit for that division however fell by 37.9 percent year-on-year, to MRY4.16 million “mainly due to higher depreciation and provision for jackpot liabilities on new machines placed in a new outlet,” added the firm.

The company said in commentary on the reporting period that it “continues to capitalise on the strong performance of new and existing products” under its portfolio. RGB International stated that it expected to “achieve a better performance” in 2019.


  • tweet
Related articles
  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  

  • TransAct sales hit US$18mln in 4Q, reports profit
    TransAct sales hit US$18mln in 4Q,...

    Mar 09, 2023  

More news
  • Kangwon Land slot brand Manila office eyes SE Asia sales
    Kangwon Land slot brand Manila office...

    Mar 28, 2023  

  • GEN Singapore’s Lim flags uneven recovery pace in 2023
    GEN Singapore’s Lim flags uneven...

    Mar 28, 2023  


Latest News

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Kangwon Land Inc, operator of the only South Korean casino permitted to serve local gamblers, recently opened a Manila, Philippines office for sales and promotion of its own-brand KL Saberi casino...
Read More
GEN Singapore’s Lim flags uneven recovery pace in 2023

GEN Singapore’s Lim flags uneven recovery pace in

Mar 28, 2023  

APE narrows annual loss as revenue up 38pct

APE narrows annual loss as revenue up 38pct

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us