This article first appeared in The Edge Malaysia Weekly on August 24, 2026 - August 30, 2026

1. Resorts World Las Vegas, US — Genting Bhd forked out US$4.5 billion (about RM20 billion then) to build a spanking-new casino cum resort on the Las Vegas Strip. It opened for business in 2021 but so far, its returns to Genting’s Ebitda have been paltry — for the financial year ended Dec 31, 2025, they were estimated at less than RM250 million. According to analysts, although operations have improved with a new team, the returns on investment have been below expectations, leaving Genting with an uphill task in making its investment count.

2. Resorts World Sentosa, Singapore — The contribution of the Singapore operations to Genting Bhd’s (KL:GENTING) earnings before interest, taxes, depreciation and amortisation (Ebitda) is on a par with the Malaysian operations’, underlining its importance to the group as a whole. The challenges for Resorts World Sentosa are competition from Marina Bay Sands, which is owned by Las Vegas Sands Corp, and the renewal of its licence in February next year, which is under the purview of the Gambling Regulatory Authority of Singapore. Resorts World Sentosa’s healthy cash position is expected to be depleted when it completes the upgrade of facilities in the S$6 billion RWS 2.0 project, which is to be completed by 2030.

3. Resorts World Hudson Valley, US — Having started operations in 2022, it is relatively small with no live table games with dealers. It also does not have any hotel and is primarily a venue for slot machines, video lottery terminals and electronic betting.

4. Resorts World Catskills, US — It was originally known as Empire Resorts and majority-controlled by the Lim family. Genting Malaysia took over in 2019, a transaction that was frowned upon by its minority shareholders. Since then, Genting Malaysia has injected an estimated US$765 million into the loss-making Empire Resorts. Now, with the opening of casinos in downtown New York, the concern is that recovery will be even more difficult for Resorts World Catskills, which is expected to lose more market share to Resorts World New York City.

5. Resorts World New York City, US — It is the latest addition to Genting Malaysia’s string of casinos in the US. The casino started operations about three months ago and, according to an analyst, the numbers so far have been encouraging. Genting Malaysia needs to fork out another US$4 billion to fully develop the casino by 2030 but the advantage is that the latter would not face competition from nearby casinos in the next four years. The Genting group is optimistic on the prospects of Resorts World New York City, expecting its contributions to surpass that of Resorts World Genting in Malaysia.

6. Resorts World Bimini, Bahamas — Genting Malaysia is embroiled in a legal suit filed by a minority shareholder in Resorts World Bimini. Last year, the court dismissed RAV Bahamas Ltd’s 2024 claim for damages amounting to US$600 million. However, RAV has appealed the decision. The resort’s contribution to the group remains relatively small.

7. Resorts World Birmingham, UK — Genting Malaysia Bhd (KL:GENM) took baby steps into the UK market in 2006 before building a casino in Birmingham in 2015. Contribution from the £150 million casino, which has a hotel, shopping malls and cinemas, has been relatively small. 

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