Genting Malaysia Shines in US Market with Double-Digit Revenue Surge

Malaysian gambling conglomerate Genting Malaysia has released its financial results for the second quarter of 2026, presenting a tale of two markets. While the home base in Southeast Asia faces economic headwinds, the commitment to the US market is proving to be a significant growth engine. The group's total revenue climbed by a remarkable 32 percent year-on-year to 3.85 billion Ringgit, equivalent to approximately 947 million US dollars. This jump illustrates how vital international diversification has become for major casino operators in today's landscape.

The development in the United States and the Bahamas is particularly impressive. The company achieved a 166 percent revenue increase to 1.53 billion Ringgit (378 million US dollars) in this segment. This success is closely linked to the launch of full commercial casino operations at Resorts World New York City in April. Genting is increasingly positioning itself as a serious player in the US gaming sector, which, according to company statements, shows high resilience despite general economic uncertainties. The spending mood of American guests appears unbroken, supported by a steady labor market.

Numbers and facts

In direct comparison to the first quarter of 2026, which saw a net loss of 25.2 million Ringgit (6.4 million US dollars), the company has returned to profitability. For the second quarter, a net profit of 27 million Ringgit (6.7 million US dollars) is recorded. However, there are also downsides in the balance sheet. Adjusted EBITDA fell by 18 percent to 844 million Ringgit (209 million US dollars). This was primarily due to high costs associated with the start of commercial operations in New York and losses from foreign exchange transactions.

In the Malaysian home market, revenue at Resorts World Genting remained largely stable at 1.77 billion Ringgit (438 million US dollars) but recorded a slight decrease of 1 percent. The reasons for this are varied. Higher payroll costs and lower visitation rates weighed on the results. Furthermore, increased airfares and travel costs are burdening both regional and domestic tourism in Malaysia. The group remains cautious about its outlook at home as inflation erodes the disposable income of potential guests.

Background

Genting's expansion is part of a long-term strategy. Having been heavily dependent on developments in Asia in the past, locations in New York, the Catskills, and Bimini (Bahamas) provide an important counterweight. The New York City location is considered a flagship project, as the conversion into a full-scale casino with table games has unlocked enormous revenue potential. In the past, only electronic gaming machines were permitted there.

„The US market is expected to remain resilient, supported by consumer spending and a steady labour market.“ - Company spokesperson, Genting Malaysia Berhad

This assessment reflects the optimism many international operators currently feel toward the USA, while markets like Singapore or Macau struggle with regulatory hurdles or fluctuating tourist numbers from China. In Singapore, for example, the sister company Genting Singapore recently reported a 34 percent decline in profit for the first half of the year, making the Malaysian parent company's success in the US all the more significant.

Why it matters for German players

For German casino enthusiasts, Genting Malaysia's balance sheet has no direct impact on daily life, but it illustrates the high standards international corporations aim for. In Germany, the market has been strictly regulated since the State Treaty on Gambling 2021 (GlüStV 2021). Players should ensure they only play at casinos listed on the official whitelist of the Gemeinsame Glücksspielbehörde der Länder (GGL). These providers guarantee compliance with important player protection rules, such as the monthly deposit limit of 1,000 euros via the LUGAS system and the 1 euro per spin limit on virtual slots.

International giants like Genting operate under completely different conditions in the US regarding stakes. However, German players enjoy legal certainty through GGL licensing that is often missing with overseas providers or those from the Caribbean (Curacao licenses). Anyone wishing to play legally in Germany will find the appropriate addresses on the whitelist, which also ensures connection to the OASIS blocking system.

What it means for GGL-licensed casinos

Genting's success in the US shows that hybrid models of land-based casinos and online offerings are the future. German GGL-licensed casinos must compete in an environment heavily limited by the GlüStV 2021. While Genting grows in New York through the expansion of table games, German online providers often struggle with strict separation requirements between slots and live casino games, handled differently across various federal states. The financial stability of large conglomerates like Genting could eventually lead such players to show increased interest in the regulated German market, provided the framework for investment remains attractive.