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RGB expecting double digit net profit growth in FY17

Electronic gaming machine supplier RGB International Bhd says it is expecting its turnover to increase by RM50 million this year as a result of a number of concessions and leasing deals secured over the last two years.

Speaking to StarBiz, group managing director Datuk Chuah Kim Seah said the concessions included Donaco’s Star Vegas in Cambodia, Pagcor in the Philippines, Golden Sands Dili in Timor Leste, SKKS Slot Club in Laos, and Casino Royale in Kathmandu.

Looking ahead, RGB says it intends to expand its presence to countries benefiting from the One Belt, One Road initiative.

“We expect these countries, most of which are locations where we already have a presence, to boom with investments that they will attract in the near future.

“This is why we are now recruiting new staff to handle the expansion of our business in the One Belt, One Road region,” said Chuah.

Chuah says he expects net profit to grow by double digits for the year ended December 31, 2017 compared to 2016.

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