GEORGE TOWN (Aug 11): RGB International Bhd (KL:RGB) expects 70-80% of its financial year 2025 revenue to come from the Philippines and Cambodia, thanks to strong demand and industry reforms. Vietnam’s contribution is also set to increase, with gaming reforms allowing more resorts to admit locals.

In the Philippines, RGB group chief operating officer Datuk Steven Lim told The Edge it is waiting on approvals for new clubs and casinos, with upcoming projects including VIP club upgrades, second-phase contract rollouts and new integrated resorts. The country’s gaming industry hit a record PHP410 billion (RM30.4 billion) in 2024, with a 2025 target of up to PHP480 billion.

In Cambodia, demand is seen coming from an overhaul of its gaming sector through the Commercial Gambling Management Commission (CGMC).

“The reform, through the CGMC will see the replacement of gaming machines over 10-years-old and those not compliant with Cambodian and international technical standards,” Lim said.

Around 6,000 machines are in use, with 80% needing replacement due to age or non-compliance with new standards — creating major supply opportunities for RGB.

Lim said Vietnam, which now contributes 5% to revenue, is opening up its gaming industry to attract more tourists and allow locals to gamble beyond the Phu Quoc resort.

He said a new RM8.4 billion casino in Quang Ninh may also admit locals under a pilot programme, likely increasing demand for gaming machines.

Looking ahead, RGB remains optimistic about 2025, citing robust market conditions and emerging opportunities across Asean.