KUALA LUMPUR (March 25): RGB International Bhd said its unit RGB (Macau) Ltd, along with consortium members Datuk Chuah Kim Seah and Ung Chi Fong, has submitted an expression of interest to participate in the bidding to purchase and operate the Savan Vegas Hotel and Entertainment Complex in Laos.
In a filing with Bursa Malaysia today, RGB International said the consortium has been shortlisted as qualified participants to participate in the sales process where bids to purchase and operate the complex are to be submitted at a later date.
"Further announcement to Bursa on any material development on the (matter) will be made in due course," it added.
RGB (Macau) is a wholly-owned subsidiary of RGB Ltd, which in turn is a wholly-owned unit of RGB International.
RGB International was referring to the announcement by San Marco Capital Partners (SMC), the exclusive sales agent working on behalf of the government of Laos, of the conclusion of the qualification process for those interested in participating in the competitive sale process for the complex.
The sale process was originally announced in October 2015. The complex includes a casino, a hotel and numerous entertainment and leisure offerings.
Besides RGB International, other parties shortlisted for bidding are Groupe Lucien Barriere, Iao Kun Group Holding Co Ltd, Macau Legend Development Ltd, PGP Investors LLC and Silver Heritage Ltd.
Today is last day to entitle RGB interim 0.25sen dividend first, then there will be another final 0.25sen dividend + possible transform become mini genting
of course, its shortlist, otherwise alrdy short to above 20sen liao.....but even withou casino, RGB fundamental also very solid....net cash + incremental dividend payout
hahaha, just entitle its dividend, 0.25 interim and 0.25 final, at least lowering down holding cost while awaiting for possible windfall coming if indeed award casino license. The odds is in favor as downside risk limited, but upside potential can be huge.
RGB’s markets have typically been confined to the Philippines, Macau, Cambodia, Singapore and Malaysia.
RGB plans to enter in Nepal, spurred by the introduction of a new charter on gaming rules and regulations that will help attract more gaming operators into the country
RGB’s compliance with the US Foreign Corrupt Practices Act (FCPA) since July 2015 has enhanced the group’s reputation among the gaming operators, giving it the credibility to drive expansion into developed gaming markets such as Macau and South Korea.
With that FCPA compliance, RGB is able to do bigger things with bigger companies that want to expand into Asia, to be their strategic partner.
This is evident from the increased sales of machines in Laos and Goa, India lately.
Apart from Nepal, RGB is also eyeing the South Korean market which has the potential to be an attractive gaming and tourism destination.
some manufacturers also OEM produce for Tesco, Aeon, etc. and they also sell their own products under their own brand name, so in this case got conflict of interest or not?
@excelyou.............they exited the Macau market because it was unprofitable. "...increased sales of machines in Laos and Goa, India lately " ............we are not seeing it in the profit figures.
Read sifu Icon8888 write-up above. He pointed out that the profit increase was even less than the depreciation decline. So where did the "growth" go to?
The dividends is only 0.005 sen per share or less than RM7m. Go and take a look at how much the directors pay themselves. They are exercising their cheap stock options by the millions.
skyz some manufacturers also OEM produce for Tesco, Aeon, etc. and they also sell their own products under their own brand name, so in this case got conflict of interest or not?
Everywhere got cheated la, even in i3. Non monopoly for any business, consumer buy for quality or lower price etc base on own needs & ability, just like you can buy same product in econsave or Aeon jusco in different price. The problem is you willing or not.
I dun c y the statement "consumer is cheated". I feel it is more like the business partner is "cheated". furthermore. there is no cheating here as you need mutual agreement for the business deal to go on. as long as it has prospect for revenue and profit growth, it will benefit the shareholders in the future.
come to think of it, the Director also kinda cunning, after exercise ESOS at 10cents per share. then sudd make postive news announcements and unload buckets these few days to ppl chasing at 15.5 and 16. easily at least 50% profit. let see whether is there any news of disposal of shares from substantial shareholders later
ok push down to 15.5 vs 16.0 level already. i think director disposed some of the ESOS shares earlier, need some pocket money buy branded handbags for darlings maybe. RGB, u may continue your slumber. ZZzzz
Base on the current price 0.16,the dividend already increase to 3%. If this quarter report get the good result,price will fly. Once get the casino,the boss said 2018 the price will go back to 0.60 will become truth.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnny Mah
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Posted by Johnny Mah > 2016-03-18 11:11 | Report Abuse
don't know. I guess employee stock option applicable for Director?