My guesses would be phono preamp problem first, with the power supply the first place I'd look, then for burnt stuff inside, leaky caps, etc. I think that model has an IEC power cord connection? No it doesn't, just checked. You'd have to get a 24VDC 200 ma power supply to bypass the battery. Second would be tonearm wiring, check the easy stuff, cartridge wires (are they hooked up correctly) and rca's, then multimeter. Don't think that's it, but so easy to check. Is the table speed correct? Strobe disks are easy to download off the net and strobe lights are cheap. Last would be the cartridge, it's new, but one never knows.
Oh yeah, Regas don't have ground wires on their interconnects, grounded internally on the arm. I don't like it, but Roy does.