Genting Malaysia reported group-wide revenue of MYR2.92 billion (US$692 million) in the three months to 30 June 2025, up 9% year-on-year thanks to improvements across all regions including a 10% increase in revenue at flagship Resorts World Genting (RWG) in Malaysia. Revenue was also 12% higher than the March quarter.
Publishing its Q2 financial results overnight, Genting Malaysia said that revenue at RWG reached MYR1.78 billion (US$422 million), primarily driven by overall higher business volumes in the gaming segment. Adjusted Property EBITDA grew by 16% to MYR606.3 million (US$144 million), aided by an improved 34% margin, although the company stated during an earnings call that it does not expect margins to sustain through the second half of the year due to tax and marketing expenses.
Genting Malaysia’s UK and Egypt segment also saw revenue rise by 9% to MYR511.2 million (US$121 million), mainly attributable to contributions from the newly acquired Genting Casino Stratford – formerly known as Aspers Stratford – in April 2025 and a higher volume of business. Segment EBITDA grew by 8% to MYR80.2 million (US$19 million).
In the US and Bahamas, revenue again grew by 9% to MYR576.0 million (US$137 million) due to the consolidation of Empire Resorts and its subsidiaries from June 2025 coupled with a higher volume of business from the Group’s non-New York operations. However, the Group reported lower Adjusted EBITDA by 33% to MYR118.4 million (US$28 million) due to higher operating and payroll related expenses in Resorts World New York City and the consolidation of Empire’s performance.
Nevertheless, group-wide EBITDA rose by 34% to MYR1.03 billion (US$244 million) and profit by more than 500% to MYR398.1 million (US$94 million).
Analysts said that Genting Malaysia’s Q2 results were largely in line with improved margins providing a pleasant surprise but noted that the company did not declare an interim dividend in 1H25 in an attempt to conserve cash for investments and deleveraging, which might weigh on share price.
Looking ahead, Genting Malaysia said, “The Group is cautious of the near-term prospects of the leisure and hospitality industry but remains positive in the longer-term.
“In Malaysia, amid macroeconomic uncertainties, the Group remains committed to enhancing business resilience by driving productivity improvements and maintaining disciplined cost management. The Group
will continue to focus on driving visitation and increasing business volumes at RWG through optimized yield management and targeted database marketing. Ongoing investments in infrastructure upgrades and new facilities and attractions at RWG, including new ecotourism experiences at the mid-hill, are expected to further enhance the visitor experience.”
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