Malaysia’s RGB International Bhd is aiming to sell around 1,000 gaming machines and lease another 5,000 to customers in Asia-Pacific in 2022 as it looks to return to profit.
Speaking with Malaysian media outlet The Star, RGB’s Group Managing Director, Datuk Seri Chuah Kim Seah, said the company has so far delivered 400 sold units to customers in Malaysia, the Philippines and Vietnam under its sales, marketing and manufacturing business, with the goal of generating US$25 million in revenues this year.
Likewise, its technical support and management business is looking to lease 5,000 machines to casinos and clubs in Cambodia, Laos, Vietnam, Timor Leste and the Philippines.
“In the Philippines, we expect to lease out more than 2,800 units with a value of more than US$40 million this year,” Chuah told The Star.
“Two more clubs are opening in the Philippines that will require another 270 machines from the TSM segment. The Philippines is our biggest market.”
Chuah said RGB expects to return to profit in 2022, having booked a loss of MYR9.95 million (US$2.4 million) in FY21 – narrowed from a loss of MYR29.08 million (US$6.9 million) in 2020.
“Barring unforeseen circumstances, the group foresees a relatively stronger recovery in the gaming market than the previous year and therefore a better performance for 2022,” he said.
RelatedPosts
