RGB aiming South America - Argentina

RGB mentioned they are eyeing South America as below.

The Star, Monday, 1 August 2016

RGB eyes new markets in Europe, S. America

GEORGE TOWN: Electronic gaming machine and equipment maker RGB International Bhd is eyeing new businesses in Europe and South America, as the company seeks to expand its market reach.

RGB derives 95% of its sales from the Asia-Pacific region.

“We want to move away from our traditional markets to broaden the revenue base for the group,” said group managing director Datuk Chuah Kim Seah (pic).

The company, he said had secured orders for 700 units of gaming machines valued at RM80mil for the first half 2016.

So how big is South America market?

Source: Worldcasinodirectory

South America Casinos and Gaming Guide

Saturday Oct 29th, 2016

This section of World Casino Directory deals specificially with South American casinos and gambling. The continent of South America has 9 countries with casinos in them and 4 countries with pari-mutuel facilities in them, including horse racing and dog racing or the newer racinos which have slots or video poker terminals within reach of the gamblers. Click the following articles for a run-down on specific gambling in this continent. South American Poker for the poker guide, or South American Lottery for South American lottery results and lottery information and last but not least visit this page for the current gambling news in South America. 

Largest Casino in South America

In South America you will find the country of Argentina to have more casinos than any other country in South America, with 79 casinos and 12318 slots.

The largest casino in the continent of South America is Casino de Tigre which is located in Tigre, Argentina. Casino de Tigre has 74 table games and 1700 casino slot machines / video poker games

(or other video terminal gaming machines).

South American casinos

South American casinos are quite popular and today offer luxurious new locations for people to gamble, meet and enjoy. Usually food and beverages here are priced much lower to lure common customers to the place and make them play the game. 

The largest casino in the continent of South America is which is located in , . has table games and casino slot machines / video poker games (or other video terminal gaming machines).

Is RGB really penetrated South America market as at 30 June 2016?

Based on their Corporate Presentation for 1H2015 below, RGB partner for casino equipment & parts is GPI. SHFL, Cartamundi, Suzo and many.

CORPORATE PRESENTATION - 1H2015

If we look at RGB latest Corporate Presentation for 1H2016 below, we will notice "IGT", the new partner appear in RGB latest corporate presentation as one of the product distributor.

Who is IGT?

International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gaming company that produces slot machines and other gaming technology. The company is headquartered in London, with major offices in Rome, Providence, and Las Vegas. It is controlled with a 51 percent stake by De Agostini.^[4]

Lottomatica acquired Gtech Corporation, a U.S. gaming company, in August 2006, and later changed its own name to Gtech. This transaction created one of the world's leading gaming solutions providers, with significant global market share and the broadest portfolio of technology, services, and content solutions. Gtech managed many state and provincial lotteries in the United States and also had contracts with local and national lotteries in Europe, Australia, Latin America, the Caribbean, and Asia.

In 2015, the company acquired American gaming company International Game Technology and again adopted the acquired company's name as its own. 

CORPORATE PRESENTATION - 1H2016

Further investigate revealed that IGT have been promoting their products in Argentina since 2014 at the only gaming show in Argentina, SAGSE Argentina.

From, SAGSE website, we can see IGT have been participating SAGSE since 2014.

SAGSE website: 

http://monografie.com/sagselatam/eng/?page_id=35854#listado-2014

http://monografie.com/sagselatam/eng/?page_id=35854#listado-2015

http://monografie.com/sagselatam/eng/?page_id=35854#listado-2016

CONCLUSION:

Will RGB able to derive significant revenue for South America?

Time will tell.  

CORPORATE PRESENTATION - 1H2015