Malaysian casino equipment supplier and distributor RGB International Bhd has reported a significant increase in revenue and profit for the first quarter of 2024, driven by promising market conditions and strategic positioning in the Philippines.

Malaysian group RGB International will acquire a 20 percent stake in an East Timor electronic gaming machines company with a presence in the Philippines for some $2.2 million.

Malaysian-based supplier RGB International had a 142 percent revenue increase for the third quarter of the year, totaling RM170.36 million.

Malaysian-based supplier RGB International has refuted that its subsidiary had any involvement in political funding for the nation’s general election.

Malaysian-based supplier RGB International has reported profit growth of 418 percent yearly, to RM10.5 million ($2.3 million), for the quarter ended March 31st, 2023.

RGB Macau subsidiary secured new bulk order valued at RM270 million ($59.10 million) from an existing customer in Sales and Marketing segment.

RGB International swung to profit in 4Q21, and says it foresees a relatively stronger recovery in the gaming market in 2022 compared to the prior year period.

RGB prides itself in our successful track record in the industry, where we continually evolve to deliver innovative and high-quality gaming solutions.

A proper electronic gaming machine (EGM) and gaming equipment Preventive Maintenance program protects and prolongs the value of a gaming property’s capital investments.

Korea’s only locals-accepting casino, Kangwon Land, has entered into an agreement to supply gaming machines in the Philippines, aiming to install 30 gaming machines in the country by Aprill.