Content Writer: Janice Chew • Monday, 26/08/2026 - 23:53:54 - PM
Genting delivered stronger US results in 2Q26, with Resorts World New York City (RWNYC) driving rapid growth while Resorts World Las Vegas (RWLV) showed steady improvement.
New York leads the growth
Genting Malaysia’s US and Bahamas revenue jumped 166% year-on-year to US$378 million, helped by the opening of full commercial casino operations at RWNYC in April 2026.
The property launched with table games and thousands of slot machines, giving Genting a much stronger position in the New York gaming market.
Nomura analysts Tushar Mohata and Alpa Aggarwal highlighted the strong improvement in Genting Malaysia’s US segment, with both revenue and EBITDA rising sharply quarter-on-quarter.
Las Vegas shows gradual improvement
RWLV recorded US$181 million in revenue, up 1% year-on-year, while EBITDA increased 33% to US$24 million.
Hotel occupancy also improved to 88%, supported by stronger convention business and better premium gaming play.
Genting said it will continue focusing on high-value customers, conventions, entertainment and operating efficiency to improve the property’s performance.
Two different growth stories
Genting’s two US properties are now at different stages.
- New York: focused on expansion and fast revenue growth.
- Las Vegas: focused on improving margins, premium customers and operational efficiency.
For Genting, this creates a more balanced US portfolio, with New York providing strong growth while Las Vegas continues to strengthen its performance.
From an industry and hiring perspective, both properties may also create demand for experienced talent across casino operations, premium marketing, hospitality, MICE, revenue management and customer experience.
The key question now is whether Genting can turn New York’s strong expansion and Las Vegas’ gradual recovery into sustainable long-term earnings growth.