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Malaysian gaming equipment supplier RGB International expects earnings to improve in the second half of 2026, supported by additional gaming-machine deliveries and a recovery in its technical support and management business. The company is also pursuing a supply tender for a major Macau casino. RGB chief operating officer for leisure Chuah Eng Meng and executive director Chuah Hui Jing outlined the company’s outlook to Malaysian business publication The Edge.
RGB aims to deliver the remaining 1,700 machines under its target of 3,000 units for 2026. Eng Meng said the company submitted the Macau tender in August, with the process expected to conclude in the 3Q and deliveries potentially beginning in the 4Q.
Macau Tender Linked To Replacement Cycle
The potential contract value, number of machines, and casino operator have not been disclosed. The tender is linked to a wider replacement cycle arising from Macau’s new technical standards for electronic gaming machines.
The replacement programme at the casino is expected to be implemented progressively over the next 1 to 2 years as its gaming floors are upgraded. RGB’s potential deliveries would therefore form part of the casino’s planned replacement and floor-upgrade process.
The company has not provided further details on the tender outcome or the machines that could be supplied. The process is expected to conclude during the 3Q, with deliveries potentially starting in the 4Q.
TSM Business Expected To Recover
RGB also expects its TSM business to have reached its low point. The company is relocating machines from loss-making Philippine outlets to stronger-performing locations after obtaining the required regulatory approvals.
The relocation plan is intended to improve the performance of the TSM business by moving equipment to locations that are performing better. RGB’s outlook for the 2H depends on both machine deliveries and the expected recovery of this segment.
The outlook follows weaker 2Q results. RGB’s net profit fell by 26.3% year-on-year to MYR10.33 million (US$2.45 million), despite revenue increasing by 15% to MYR109.63 million (US$26 million).
Discounts Weigh On Margins
RGB attributed the profit decline mainly to lower margins in its sales, services, and marketing division. The lower margins followed discounts and extended payment terms offered on bulk machine orders from Philippine customers.
Chuah Hui Jing said those arrangements were limited to 2026 and were not expected to become standard practice. The company’s 2Q revenue increase came alongside pressure on margins and lower net profit.
Philippine Digital Business Develops
RGB is also developing game content, aggregation, and white-label managed services for Philippine integrated resort operators. Chuah Hui Jing said the company had submitted a bid to 1 integrated resort and was in extensive talks.
Preliminary discussions were also underway with 2 other integrated resorts. The business is expected to begin contributing to group earnings within 1 to 2 years.
Under the turnkey white-label model, RGB could receive a revenue share of between 20% and 30%. The company has not said which integrated resorts are involved or whether any agreement has been finalized.
Multiple Growth Routes Under Review
RGB’s plans cover equipment deliveries, machine relocation, and digital services. The Macau tender offers a potential supply opportunity linked to technical-standard upgrades, while the Philippine TSM changes are aimed at stronger-performing locations.
The digital business provides another possible source of group earnings within 1 to 2 years. For the 2H of 2026, RGB expects higher performance as it works toward its annual machine-delivery target and continues developing its Philippine integrated resort opportunities.
Source: Asia Gaming Brief
