Posted by 360Capitalist > 2016-10-18 14:13 | Report Abuse

RGB is good stock but the only issue of concern is exposure to Phillipine market. The new President might implement new policy that will affect businesses and profitability of casino operators

Posted by excelyou > 2016-10-18 15:19 | Report Abuse

The new president will continue to support the growth of Philippine.

Reason being:

Macau has demonstrated explosive growth with a compound annual growth rate of 27.8 % over the last 10 years.

Therefore, that more Asian countries are competing for a share of the region’s gambling revenue. This includes Singapore, which has two casino, the Marina Bay Sands developed by the Las Vegas Sands and Resorts World Sentosa developed by Genting Singapore.

Similarly, the Philippines is hoping to become one of the major players in the worldwide casino industry. Manila is in the midst of various casino openings, expansions, and construction.

Investment bank Credit Suisse forecasts the Philippine casinos to generate gaming revenue of USD6 billion by 2018, potentially making the country one of the top four in the world by this measure.

According to a Bloomberg News interview with Cristino, the Chairman of the country’s casino regulator the PAGCOR, the body is willing to listen to proposals for new gambling licences outside Manila.

On an economic level, revenue from the casino industry will contribute significantly to PAGCOR’s ability to support high-impact education and grassroots sports initiatives. Opening up the industry to more operators will also further support the government’s drive to attract more foreign direct investment as well as help redefine the Philippines as a world-class gaming tourist destination potentially rivaling Macau.

A vibrant gaming industry, while undeniably contributing to the country’s economic growth, will have its attendant social costs which must be managed carefully.

Have said that, RGB is eyeing other countries.

Nepal and South America are likely to be the next main driver of the revenue.

Posted by GorengAyam > 2016-10-19 13:09 | Report Abuse

Good to collect this one as well....

Posted by SALAM > 2016-10-20 17:33 | Report Abuse

Btw, who are their competitors and how competitive is this business of gaming machine ???

Posted by excelyou > 2016-11-07 16:05 | Report Abuse

Each industry have competitors.