Concessions, lease deals boost RGB International FY 2017 profit

Malaysian-based game technology provider RGB International Bhd forecasts a double-digit growth in profits for fiscal year 2017, fueled by its five concessions and leasing deals in Asia.

The Star Online reported that the group expects its turnover to jump by MYR50 million ($12.46 million) this year after signing concessions in Cambodia, Philippines, Timor Leste, Laos, and Nepal in 2016 and 2017.

Datuk Chuah Kim Seah, group managing director of RGB, announced that the company has sealed a deal to supply 900 new gaming machines to DNA Star Vegas (DSV). The company has already delivered 80 of the 900 machines to DSV.

“Under the agreement we signed, RGB will also manage all the existing machines, which adds up to 1,500 units,” Chuah said, according to the news report.