Genting Malaysia’s U.S. casino operations could become a significantly larger contributor to the company’s financial performance by 2027, according to an analysis from Maybank Investment Bank following the company’s second-quarter 2026 results.
Maybank analyst Samuel Yin Shao Yang said the company’s U.S. segment, supported by growth at Resorts World New York City, could contribute 36% of Genting Malaysia’s group EBITDA in FY27. The forecast follows the introduction of table games at the New York property and stronger quarterly performance from the company’s U.S. operations.
Key Facts
| Category | Details |
| Company | Genting Malaysia |
| Main property involved | Resorts World New York City |
| Analyst source | Maybank Investment Bank |
| Forecast period | FY27 |
| Forecast contribution | 36% of group EBITDA |
| Table games launch date | April 28, 2026 |
| Market | New York, United States |
Resorts World New York City Drives U.S. Growth Expectations
Genting Malaysia’s U.S. portfolio includes Resorts World New York City, Resorts World Catskills and Resorts World Hudson Valley.
According to the Maybank analysis, EBITDA from Genting Malaysia’s U.S. operations increased to MYR216.6 million (approximately US$53.6 million), representing a 169% quarter-on-quarter increase.
The growth followed the launch of table games at Resorts World New York City on April 28, 2026. The property became the first of New York’s downstate casino license recipients to introduce table games, according to the supplied report.
Table Game Revenue Shows Early Expansion
Maybank highlighted early growth in table game revenue at Resorts World New York City.
The report stated that weekly table games gross gaming revenue increased from US4.94millioninthefirstweekafterlaunchtoUS9.87 million in the week ending August 9, 2026.
The analyst expects Resorts World New York City to continue expanding its gaming capacity, including increasing its table count and adding VIP tables.
Maybank stated that the property plans to increase its table count to 400 by early 2027.
New York Casino Expansion Creates Competitive Focus
New York’s downstate casino market has attracted significant attention from global gaming operators.
The supplied report noted that Genting Malaysia received one of three full casino licenses for downstate New York and launched table games ahead of other approved projects.
Maybank viewed this early operating period as a potential advantage while competing developments are still being prepared.
However, the long-term competitive position of each operator will depend on project execution, market demand and future regulatory developments.
Potential Impact on the U.S. Casino Market
If Maybank’s forecast is achieved, Genting Malaysia’s U.S. operations would represent a larger share of the company’s overall earnings structure.
The development reflects wider industry interest in U.S. casino expansion, particularly in markets with limited casino availability and large population centers.
For operators, New York remains an important market because of its size and tourism activity.
For players, future market growth could result in increased competition among casino operators, although availability, regulations and operating conditions will depend on individual property approvals.
Current Status
Maybank’s 36% EBITDA contribution figure remains an analyst forecast rather than a confirmed company target.
Genting Malaysia’s U.S. operations are currently expanding following Resorts World New York City’s table game launch, and industry observers will continue monitoring revenue performance, competitive developments and future casino openings in New York.
FAQs
Maybank forecasts that Genting Malaysia’s U.S. operations could contribute 36% of group EBITDA in FY27. This is an analyst projection, not a guaranteed result.
Resorts World New York City is the main property highlighted in the Maybank analysis due to its table game expansion and early revenue growth.
According to the supplied report, Resorts World New York City launched table games on April 28, 2026.
No. The 36% figure is an analyst forecast and depends on future operating performance and market conditions.
