Genting Malaysia’s US operations could account for around 36% of group EBITDA in FY27, according to Maybank Investment Bank. Analysts expect Resorts World New York City (RWNYC) to be the main growth driver following the launch of table games in April 2026.
Genting Malaysia’s US business has strengthened significantly in recent quarters. EBITDA from the US operations increased 169% quarter-on-quarter to MYR216.6 million ($53.6 million). The segment also includes Resorts World Catskills and Resorts World Hudson Valley.
Resorts World New York City leads the growth
Genting Malaysia secured one of three full casino licences for downstate New York in December 2025. On April 28, 2026, Resorts World New York City became the first of the three licensees to launch table games.
The early results have been strong. Weekly table-games GGR more than doubled from $4.94 million in the first week after launch to $9.87 million in the week ending August 9. Maybank also noted that GGR continued to trend higher during the third quarter as the property ramps up operations.
RWNYC also has a significant first-mover advantage. Hard Rock Metropolitan Park and Bally’s Bronx, the other two downstate licence winners, are currently not expected to open their new casino resorts until 2030. This gives Genting Malaysia several years without direct competition from those projects in the table-games market.
Casino plans to expand table count
Resorts World New York City plans to increase its table count to 400 by early 2027, including VIP tables. The expansion is expected to increase gaming capacity and support further growth in table-games revenue.
Genting Malaysia is also expanding its wider US operations. The company reported that revenue from its US and Bahamas segment increased 166% year-on-year to MYR1.53 billion ($378 million) in the second quarter.
US share of EBITDA set to rise sharply
Maybank forecasts that Genting Malaysia’s US operations will contribute 36% of group EBITDA in FY27, up 20 percentage points from FY25. GGRAsia reported a Maybank estimate that EBITDA from the US and Caribbean segment could rise 63.1% year-on-year to MYR1.45 billion ($358.5 million) in 2027.
However, the US business is not expected to become Genting Malaysia’s largest EBITDA contributor next year. Maybank forecasts MYR2.25 billion in EBITDA from Resorts World Genting in Malaysia in 2027.
The forecast nevertheless points to a significant shift in Genting Malaysia’s earnings mix. The US business is becoming one of the company’s main growth engines, with Resorts World New York City playing the central role in its expansion.
Source: Inside Asian Gaming
