Location: Malaysia
Fitch: Genting’s New York casino to generate $450 million in EBITDA by 2028
Ratings agency Fitch has downgraded the Long-Term Issuer Default Rating (IDR) of Malaysia’s Genting Berhad and its subsidiaries Genting... more
Maybank: Genting Malaysia’s U.S. operations to contribute 36% of earnings by 2027, led by New York growth
Genting Malaysia’s US casinos, led by Resorts World New York City (RWNYC), are seen contributing 36% of group-wide EBITDA as early as next... more
U.S. segment, expansion of Resorts World NYC, lift Genting Malaysia revenue in Q2
Costs related to the launch of full casino operations at Resorts World New York City (RWNYC) in April saw Genting Malaysia report a... more
Lee Choong Yan stepping down as Genting Malaysia President and Executive Director
Genting Malaysia has announced the retirement of long-time executive and current President Lee Choong Yan, who has been redesignated as a... more
Genting Singapore dividend payment, more retail bonds among Genting Group’s refinancing options
Malaysia’s Genting Group is facing looming debt maturities totaling almost US$3.5 billion, but financial research firm CreditSights... more
Las Vegas Sands reports increases across the board in Q4
Las Vegas Sands released its fourth-quarter earnings report Wednesday that showed gains across the board. Net revenue was $3.65 billion... more
Independent advisor recommends Genting Malaysia reject parent’s takeover offer
The independent advisor appointed by Genting Malaysia to review the voluntary takeover offer put forward by its parent Genting Berhad has... more
Genting Bhd’s offer to acquire Genting Malaysia to proceed after shareholding moves above 50%
Malaysian casino giant Genting Bhd has confirmed its conditional voluntary takeover offer for subsidiary Genting Malaysia will proceed... more
Genting Bhd launches US$1.59 billion full takeover offer for Genting Malaysia
Malaysian gaming giant Genting Berhad has launched a conditional voluntary takeover offer to acquire the remaining 50.64% of its... more
Maybank IB: Genting Malaysia earnings to climb 24% in FY26 on “positive” sale of resort’s non-gaming assets
The planned sale of the non-gaming assets of New York state’s Resorts World Catskills (RWC) casino-resort could boost Genting Malaysia’s... more
