{"id":777018618,"date":"2024-08-30T10:02:34","date_gmt":"2024-08-30T13:02:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018618"},"modified":"2026-04-22T06:38:03","modified_gmt":"2026-04-22T09:38:03","slug":"genting-malaysia-revenue-up-8","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-revenue-up-8","title":{"rendered":"Genting Malaysia revenue up 8%"},"content":{"rendered":"\n

The casino operator has posted revenue of MYR2.6bn (US$619m) for the second quarter of the year.<\/p>\n\n\n\n\n\n\n\n

Malaysia.-\u00a0Genting Malaysia\u00a0has shared its financial results for the second quarter of the year.\u00a0Revenue was up 8 per cent year-on-year<\/a> to MYR2.6bn (US$619m). <\/p>\n\n\n\n

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 72 per cent year-on-year to MYR770.4m (US$179m) and the company’s profit more than doubled to MYR62.8m (US$14.6m).<\/p>\n\n\n\n

The leisure and hospitality sector in Malaysia, which includes casino operations, generated revenue of MYR1.61bn (US$376m), up 5 per cent compared to last year. This was predominantly due to a higher volume of business from Resorts World Genting (RWG)\u2019s gaming and non-gaming segments.<\/p>\n\n\n\n

The company said: “In Malaysia, the group remains focused on leveraging its integrated resort offerings to capitalise on the ongoing recovery in regional travel. The group’s investment in new and refreshed products and lifestyle experiences is part of the group’s ongoing strategy to strengthen its position as a premier tourism destination and drive further growth.<\/p>\n\n\n\n

“Additionally, the group is enhancing its digital platforms and expanding strategic partnerships to better meet evolving customer needs and preferences. The group remains committed to maintaining cost discipline as it navigates challenges in the operating environment.”<\/p>\n\n\n\n

See also: <\/strong>Genting Malaysia unit redeems US$276.9m in medium-term notes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The casino operator has posted revenue of MYR2.6bn (US$619m) for the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":18062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia reported robust Q2 financial results, with revenue increasing 8% year-on-year to MYR2.6bn and profit more than doubling to MYR62.8m. This performance was primarily driven by increased business volume from Resorts World Genting's gaming and non-gaming segments, capitalizing on the recovery in regional travel. The company continues to focus on strategic investments in integrated resort offerings, digital enhancements, and cost discipline to sustain growth.","focusai_entities":"Genting Malaysia, Resorts World Genting (RWG)","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), product_ux (0.7), tech_data (0.7), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q3 Growth Drivers","query":"What specific gaming verticals or non-gaming segments within Resorts World Genting are projected to drive continued revenue and EBITDA growth in Q3, and what is the anticipated impact of regional travel recovery on these projections?"},{"label":"Digital Platform Strategy","query":"Can Genting Malaysia elaborate on the specific enhancements planned for its digital platforms and how these initiatives are expected to contribute to customer acquisition, retention, and overall NGR?"}],"footnotes":""},"categories":[163,16333],"tags":[19394],"class_list":["post-777018618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018618"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018618\/revisions"}],"predecessor-version":[{"id":777018652,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018618\/revisions\/777018652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}