1D • MYX
9 Oct, 05:18 am
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RGB International Bhd (Bursa: 0037) is not a typical casino company. It is a vertically integrated Electronic Gaming Machines (EGM) ecosystem player — combining manufacturing, distribution, and concession operations under one roof. Founded in 1986, RGB has operated for over 38 years in the electronic gaming machine industry.
⚠️ Shariah Status: NON-COMPLIANT
RGB operates in the gaming sector. Investors who prioritise Shariah-compliant investments should factor this in before investing.
| Segment | Core Activities | Revenue Contribution |
|---|---|---|
| Sales & Marketing | Sell EGMs to casinos, gaming regulators | Dominant (~90%+) |
| Technical Support & Management | Maintenance, refurbishment, after-sales | Moderate |
| Engineering Services | EGM manufacturing, R&D | Supportive |
| Others | Property rental | Minor |
RGB operates across Malaysia, Cambodia, Laos, Vietnam, Singapore, Macau, Philippines, Timor-Leste, and Nepal. Its concession programme spans 6 countries with over 6,000 machines placed at various gaming locations.
Most recently, RGB secured a gaming vendor licence from UAE's GCGRA — opening the door to the Middle East market, with Wynn Al Marjan Island casino expected to open around 2027 as the first legal casino in the region.
📌 3-in-1 Model: RGB manufactures, distributes, AND operates EGMs — vertical integration that delivers cost advantages and quality control compared to competitors who rely on third-party manufacturers.
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