{"id":777031023,"date":"2025-08-29T10:34:36","date_gmt":"2025-08-29T13:34:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777031023"},"modified":"2026-04-21T19:39:28","modified_gmt":"2026-04-21T22:39:28","slug":"genting-malaysia-reports-revenue-increase-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-reports-revenue-increase-in-q2","title":{"rendered":"Genting Malaysia reports revenue increase for Q2"},"content":{"rendered":"\n

The company’s revenue increased by 9.3 per cent year-on-year<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Genting Malaysia has reported its second-quarter financial results. Revenue totalled MYR2.92bn (US$691m), up 9.3 per cent year-on-year. Net profit attributable to shareholders reached MYR416.7m (US$98.6m), up 406.8 per cent year-on-year, and adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) was MYR1.03bn (US$243.7m), an increase of 33.6 per cent. <\/p>\n\n\n\n

Some 61.1 per cent of revenue, or MYR1.78bn (US$421.3m), was from the group\u2019s Malaysian leisure and hospitality business, including Resorts World Genting and some non-gaming resort assets. Genting Malaysia\u2019s UK and Egypt operating segment produced second-quarter revenue of MYR511.2m (US$121m), up 9 per cent. The US and the Bahamas generated MYR576m (US$136.3m), up 9.1 per cent year-on-year.<\/p>\n\n\n\n

The leisure and hospitality segment generated adjusted EBITDA of MYR794.9m (US$188.1m), up 3.7 percent from the same period in 2024. <\/p>\n\n\n\n

The firm stated: \u201cThe group will continue to exercise prudent capital management to support business needs to drive growth and pare down existing debt.\u201d Adding it \u201cremains committed to delivering long-term shareholder value\u201d.<\/p>\n\n\n\n

Genting Malaysia recently announced a proposal to restructure its wholly owned subsidiary, Empire Resorts<\/a>. The plan includes the sale of non-gaming assets in New York, including Resorts World Catskills\u2019 332-room hotel, Alder Hotel, the Monster Golf Course, RWC Epicenter and several restaurants to Sullivan County Resort Facilities Local Development Corporation (SCRFLDC) for US$525m.<\/p>\n\n\n\n

Empire will lease back the land until 2066 and manage the facilities under a 20-year agreement, renewable for two additional five-year periods.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Genting Malaysia completes acquisition of Empire Resorts<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The company’s revenue increased by 9.3 per cent year-on-year<\/p>\n","protected":false},"author":218,"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 up 9.3% to MYR2.92bn and net profit soaring 406.8% to MYR416.7m. The company also announced a strategic restructuring of its wholly-owned subsidiary, Empire Resorts, involving the sale of non-gaming assets in New York for US$525m, coupled with a leaseback and management agreement.","focusai_entities":"Genting Malaysia, Empire Resorts, Resorts World Genting, Resorts World Catskills, Alder Hotel, Monster Golf Course, RWC Epicenter, Sullivan County Resort Facilities Local Development Corporation, SCRFLDC","focusai_location":"Malaysia, UK, Egypt, US, Bahamas, New York, Sullivan County","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Strategy","query":"How will the US$525m proceeds from the Empire Resorts asset sale impact Genting Malaysia's debt reduction targets and future capital expenditure in other gaming verticals?"},{"label":"Regional Performance Drivers","query":"What specific operational efficiencies or market conditions contributed to the significant 406.8% YoY net profit increase, particularly across the diverse geographical segments?"}],"footnotes":""},"categories":[163,16333],"tags":[19394],"class_list":["post-777031023","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\/777031023","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\/218"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777031023"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031023\/revisions"}],"predecessor-version":[{"id":777031033,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031023\/revisions\/777031033"}],"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=777031023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777031023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777031023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}