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Myanmar on RGB Radar

by [email protected]
RGB Chuah Kim Seah

Gaming equipment maker RGB International Bhd is looking to business opportunities in Myanmar, according to a senior executive as quoted by the online edition of Malaysia’s The Star newspaper.

Myanmar’s parliament is expected to approve in May a bill that would authorise the setting up of foreigner-only casinos in the country, the Myanmar Times newspaper reported on March 31.

“We are studying the market now, as we have already received enquiries from potential casino operators in Myanmar,” said RGB managing director Chuah Kim Seah, as quoted by The Star.

In late March RGB International,  a company listed on Bursa Malaysia, reported fourth-quarter and full-year 2018 results that marked an annual profit of MYR35.2 million (US$8.6 million) as compared to MYR30.3 million in 2017. Its 2018 revenue was up 50.3 percent, to MYR379.3 million.

According to Monday’s report in The Star, quoting Mr Chuah, for 2019 the group is aiming to install an additional 1,770 gaming machines across Asia, with 1,300 of them destined for the Philippines market.

In Cambodia, RGB International would install 280 machines this year, indicated the executive.

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