Genting Malaysia Q2 Revenue Rises 32% as US Operations Expand

From exclusive events and interviews to real-time market trends, Ace Alliance brings you unbiased, well-informed, and data-driven content. Our editorial team adheres to strict editorial standards, ensuring that the information you receive is not only relevant but also trustworthy.

Built by market experts hosting events since 2023, with our first event in Riga, Latvia gathering over 300 top level iGaming industry executives, Ace Alliance is able to provide you with reliable information from direct interaction with experts and leaders in the sector.

Altay Celikkaya

Content Manager

Updated: 24/08/26

Reading Time: 3 minutes

Genting Malaysia reported a 32% year-on-year increase in second-quarter revenue to RM3.85 billion ($951 million), driven by the expansion of its casino operations in the United States. Revenue from the US and Bahamas segment more than doubled following the initial launch of full commercial casino operations at Resorts World New York City (RWNYC). The Malaysian and UK-Egypt businesses were broadly stable, leaving the US operation as the group’s principal source of quarterly growth. Higher start-up, depreciation and financing costs, however, limited the improvement in earnings.

Industry News

Key Takeaways From Genting Malaysia’s Q2 Results

Group revenue increased 32% from RM2.92 billion to RM3.85 billion.
US and Bahamas revenue rose from RM576 million to RM1.53 billion, an increase of approximately 166%.
Adjusted EBITDA from the US and Bahamas advanced 83% to RM216.6 million.
Group adjusted EBITDA declined 18% to RM844 million, largely due to foreign-exchange movements.
Net profit fell to RM27 million from RM398.1 million in the comparable quarter.
Malaysia revenue declined 1% to RM1.77 billion, while the UK and Egypt segment generated RM506.2 million.

Resorts World New York City Drives US Revenue

RWNYC began full commercial casino operations in April 2026 with 242 table games and 2,500 slot machines. Genting subsequently added another 1,400 slot machines and broke ground on the next phase of the development in July.

The company attributed the improvement in its US and Bahamas business primarily to the launch of the commercial casino. According to Genting Malaysia’s official second-quarter results, segment revenue reached RM1.53 billion, compared with RM576 million a year earlier. Adjusted EBITDA increased from RM118.4 million to RM216.6 million despite higher operating and payroll expenditure during the ramp-up.

The opening takes place amid resilient conditions across the broader regulated sector. The latest US gaming industry outlook found that 62% of surveyed executives expected to increase capital investment, including spending on property improvements and digital integration.

Expansion Costs Weigh on Earnings

Revenue growth did not translate into a corresponding increase in group earnings. Adjusted EBITDA fell 18% to RM844 million, primarily reflecting an RM18.1 million unrealised foreign-exchange translation loss on US dollar-denominated borrowings. The comparable quarter included an RM184.6 million foreign-exchange gain.

Excluding that currency effect, adjusted EBITDA increased 2% to RM862.1 million. Profit before tax nevertheless declined 71% to RM143.8 million, affected by RWNYC ramp-up expenditure, higher depreciation and increased financing costs. Genting Malaysia drew financing to cover the commercial casino licence fee and development expenditure, while Genting Americas secured a new $2 billion credit facility in June.

The company reported RM27 million in net profit for the quarter, substantially below the RM398.1 million recorded a year earlier. No interim dividend was declared as the group balances continued investment with efforts to reduce existing debt.

Malaysia Remains Flat as New York Market Strengthens

Revenue from Resorts World Genting declined 1% to RM1.77 billion amid softer visitation, restrained consumer spending and higher payroll costs. Adjusted EBITDA increased marginally to RM615 million, lifting the segment’s margin from 34% to 35%.

The UK and Egypt business also recorded a 1% revenue decline to RM506.2 million. Genting cited weaker premium gaming activity, geopolitical tensions in the Middle East and higher payroll costs following increases in the national minimum wage.

By contrast, recent gaming revenue growth in New York points to continuing activity across the state’s regulated market, although casino and mobile sports betting figures represent separate verticals.

Genting Malaysia said the US economy was expected to remain resilient, supported by consumer spending and a steady labour market. Its immediate priorities include completing RWNYC’s phased development, controlling operating costs and creating marketing synergies with Resorts World Catskills.