TLDR
- Maybank forecasts Genting Malaysia’s US operations will make up 36% of group EBITDA by FY27
- Resorts World New York City launched table games in April 2026
- Weekly table games revenue at the New York property has more than doubled since launch
- Genting Malaysia holds one of three downstate New York casino licenses
- The other two licensed properties are not expected to open until 2030
Genting Malaysia’s casino operations in the United States could soon make up more than a third of the company’s earnings. Maybank Investment Bank released a new forecast this week.
The bank said the US business could contribute 36% of group-wide EBITDA by 2027. That would mark an increase from earlier levels.
Resorts World New York City is expected to lead this growth. The property began offering table games in April 2026.
Genting Malaysia’s US portfolio also includes Resorts World Catskills and Resorts World Hudson Valley. These properties operate alongside the New York location.
Table Games Revenue Climbs Fast
Weekly table games revenue at Resorts World New York City has more than doubled since the launch. It grew from $4.94 million in the first week to $9.87 million by August 9.
Maybank analyst Samuel Yin Shao Yang said the growth trend continued through the third quarter. He pointed to the ramp-up of casino operations at the property.
EBITDA from Genting Malaysia’s US operations rose 169% compared to the previous quarter. It reached MYR216.6 million, or about $53.6 million.
The increase followed the launch of table games at Resorts World New York City in late April.
New York License Gives Early Advantage
Genting Malaysia was granted one of three full casino licenses for downstate New York in December. The license allows the company to run a full casino with table games.
Resorts World New York City became the first of the three license holders to open table games. It launched on April 28, 2026.
The two other license holders are Hard Rock Metropolitan Park and Bally’s Bronx. Neither is expected to open its new resort until 2030.
This gives Genting Malaysia several years of operating table games without direct competition from those two properties in the area.
The casino also plans to add more tables. It aims to reach 400 tables by early 2027.
The planned increase includes VIP tables. This would expand the type of table games offered at the property.
Maybank kept its earnings estimates and its buy recommendation on Genting Malaysia stock. The bank said the expected rise in US earnings supported this view.
The bank’s forecast is based on three factors. These are the ramp-up of Resorts World New York City, the growth in table games revenue, and the planned expansion to 400 tables.
Resorts World New York City remains the main property behind Genting Malaysia’s US growth. Its performance since April has shaped the outlook for the rest of the group’s American operations.
