Genting Malaysia’s U.S. expansion plans took a bold turn as its subsidiary Resorts World New York City (RWNYC) announced a commitment to contribute US$2.5 billion to the Metropolitan Transportation Authority (MTA) during its first four years of operation under a full commercial licence — a figure that exceeds the MTA’s prior budget of US$1.8 billion from all three downstate casino licences combined.
Australia’s Star Entertainment Group has reported signs of stabilisation in its September-quarter performance, though it remains loss-making. The group posted revenue of around A$284 million (US$186 million) for the three months to 30 September 2025 — up roughly 5 percent from the prior quarter but still 19 percent below the same period last year.
MGM has announced it has entered into a yen-denominated credit facility equivalent to US$300 million, provided by Sumitomo Mitsui Banking Corporation, to support its development of the integrated resort (IR) on Yumeshima Island in Osaka. The facility carries an interest rate of about 2.5%, matures in October 2030, and includes an option to expand to around US$450 million.
In a significant rebound for the city’s gaming sector, Macau reported monthly gross gaming revenue (GGR) of approximately US$3.01 billion (MOP 24.09 billion) in October, representing a year-on-year increase of about 15.9%. This performance also marked a strong improvement month-on-month, rising roughly 31.7%.
The chairman and CEO of Las Vegas Sands Corp. (LVS), Robert Goldstein, recently sold approximately 700,000 shares of the company’s stock on October 29, generating about US$41.22 million from the transaction.
Author: Janice Chew • Sunday, 02/11/2025
