Genting Malaysia Q3 Revenue Up 22% on VIP Gains

Genting Malaysia exceeded market expectations in Q3 2025, reporting group revenue of MYR3.36 billion (US$813 million), a 22% year-on-year increase, largely driven by stronger VIP gaming at Resorts World Genting.

While reported Adjusted EBITDA fell 36% to MYR838.1 million (US$203 million) and net loss reached MYR53.5 million (US$12.9 million) due to lower foreign exchange gains, normalized figures reveal underlying growth. Adjusted EBITDA, on a like-for-like basis, rose 19% to MYR835.3 million (US$202 million), profit before tax hit MYR254 million (US$61.5 million) and net profit reached MYR94.8 million (US$22.9 million).

Resorts World Genting drives core expansion
The Malaysian flagship saw leisure and hospitality revenue climb 19% to MYR1.96 billion (US$474 million), powered by higher gaming volumes. VIP gross gaming revenue increased 21% from the previous quarter, while non-VIP rose 2%. Hotel occupancy reached 98%, with locals accounting for 66% of guests and international visitors mainly from Singapore, China and India making up 34%. Adjusted EBITDA at the property surged 27% to MYR627.4 million (US$152 million), lifting the margin by two percentage points.

International operations show mixed results
UK and Egypt leisure and hospitality revenue edged up 2% to MYR546.6 million (US$132 million), helped by the acquisition of Genting Casino Stratford. However, higher operating costs led to a 17% drop in Adjusted EBITDA to MYR86.3 million (US$20.9 million). Meanwhile, revenue from the US and Bahamas rose 64% to MYR774.3 million (US$187 million), following the consolidation of Empire Resorts Inc., with Adjusted EBITDA up 22% to MYR151.2 million (US$36.6 million).

Strategic initiatives support recovery
Genting Malaysia focused on enhancing its client database and marketing initiatives at Resorts World Genting, with the property’s 60th-anniversary celebrations helping attract more VIP and mass-market players.

New York licensing ambitions advance
The group is preparing for a full commercial license at its slots-only Resorts World New York City, with bids closing on December 1 and results expected by year-end. Initial capital expenditure is allocated for licensing fees, staffing and hotel upgrades, positioning operations to launch potentially within six months.

Genting Malaysia’s Q3 performance demonstrates resilience and operational agility, setting the stage for growth in both established Malaysian operations and prospective US expansion.