• 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 sees 4Q profit up 80pct on higher sales

Feb 28, 2020 Newsdesk Industry Talk, Latest News, Rest of Asia  


Casino tech firm RGB sees 4Q profit up 80pct on higher sales

Casino equipment maker RGB International Bhd reported on Thursday fourth-quarter 2019 profit that was up 79.8 percent judged year-on-year, to MYR14.7 million (US$3.5 million), supported by higher sales during the period.

Group revenue during the three months to December 31 last year rose by 68.1 percent to slightly above MYR132.1 million, the firm said in a filing to Bursa Malaysia.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) were nearly MYR29.2 million in the October to December period, up 86.9 percent from the prior-year period.

RGB’s board proposed a single-tier dividend of MYR0.003 per ordinary share for financial 2019.

Revenue for product sales and marketing – the firm’s main segment – increased by 76.4 percent from the prior-year period to MYR97.7 million in the reporting period. Profit before tax for this division was up by 59.2 percent year-on-year to nearly MYR10.8 million in the fourth quarter of 2019, which the company said was due to an “increase in number of products sold” in the reporting quarter.

The technical support and management division achieved revenue of MYR33.7 million for the quarter to December 31, up 47.8 percent compared to the corresponding quarter in 2018. Quarterly pre-tax profit for the division jumped 235.2 percent year-on-year to approximatelyMYR6.8 million, “mainly due to a better performance and opening of an additional outlet during the year,” said the firm.

For full-year 2019, RGB reported net profit of nearly MYR39.8 million, 13.1-percent higher than in the previous year. Revenue for the 12 months to December 31 however fell 7.4 percent year-on-year, to MYR351.1 million. EBITDA for the full year stood at MYR82.8 million, up 26.0 percent from 2018.

Revenue for product sales and marketing declined 15.7 percent in year-on-year terms, to just below MYR223.5 million; but profit before tax for the segment rose 15.8 percent to MYR27.8 million. The higher revenue reported in 2018 “was solely due to a bulk sale to an integrated resort in Indochina with a lower margin,” said RGB.

Profit before tax in the technical support and management division fell 1.6 percent to MYR22.0 million in full-year 2019, on revenue that actually rose by 13.2 percent to MYR125.3 million. The company said “better performance” and an additional outlet boosted revenue in the segment, but “higher depreciation” and “additional provision for jackpot liabilities on new machines placed in a new outlet” had negatively impacted profit.


  • tweet
Related articles
  • Gaming, fintech drives Everi to record 1Q results
    Gaming, fintech drives Everi to record...

    May 11, 2022  

  • Okada Manila 1Q GGR down 14pct sequentially
    Okada Manila 1Q GGR down 14pct...

    Apr 14, 2022  

More news
  • Melco to launch new family attraction at Studio City in June
    Melco to launch new family attraction...

    May 19, 2022  

  • Andrew Lo takes controlling stake in Suncity, Summit Ascent
    Andrew Lo takes controlling stake in...

    May 19, 2022  


Latest News

Melco to launch new family attraction at Studio City in June

Melco to launch new family attraction at Studio City in June

May 19, 2022  

Casino operator Melco Resorts and Entertainment Ltd announced on Thursday that it would launch at the end of June a new, themed zone for “family-friendly” entertainment at its majority-owned...
Read More
Andrew Lo takes controlling stake in Suncity, Summit Ascent

Andrew Lo takes controlling stake in Suncity, Summit Ascent

May 19, 2022  

Okada Manila chair Manuel Lazaro dies aged 87

Okada Manila chair Manuel Lazaro dies aged 87

May 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$403.9 million

Interim normalised profit after tax and amortisation reported by slot machine maker and online gaming content provider Aristocrat Leisure



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us