• 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

Slot maker and manager RGB slips to US$3mln 2Q loss

Aug 27, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck  


Slot maker and manager RGB slips to US$3mln 2Q loss

Casino electronic games and services supplier RGB International Bhd reported to Bursa Malaysia on Wednesday a second-quarter loss of just over MYR14.0 million (US$3.4 million), compared to a nearly MYR7.2-million profit in the second quarter of 2019.

An interim single-tier dividend of MYR0.003 per ordinary share for the financial year ended December 31 was paid on April 15 this year, the firm noted.

The Malaysian group’s revenue for the three months to June 30 this year slipped 73.8 percent year-on-year, to MYR14.4 million, from nearly MYR55.2 million.

Second-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) were down more than 1,000 percent, to MYR179,000, from MYR15.3 million in the prior-year second quarter.

Revenue from product sales and marketing was down 44.6 percent year-on-year, to just over MYR12.8 million, from nearly MYR23.2 million in the second quarter 2019.

Technical support and management revenue declined by 95.2 percent, to just under MYR1.5 million, from nearly MYR31.4 million in second-quarter 2019.

Revenue from engineering services went down by 83.5 percent, to MYR97,000, from MYR587,000.

The decline in technical support and management revenue performance was “mainly due to the suspension of respective [gaming] outlets during the lockdown period, imposed by various countries starting from mid-March 2020, as part of the measures to prevent the spreading of Covid-19,” said RGB.

It added: “The impact of the Covid-19 pandemic could be significant … and the group is in the process of assessing the full financial impact of [the] pandemic for the financial year ending 31 December 2020 since ongoing developments remain uncertain at this point in time.”


  • tweet
Related articles
  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  

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

    Mar 22, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govtMacau March GGR up 247pct y-o-y, to US$1.6bln: govt April 1, 2023
  • LET Group narrows year loss, Manila site open end 2024LET Group narrows year loss, Manila site open end 2024 March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us