Maybank Projects Genting Malaysia U.S. Operations to Reach 36 Percent of Group EBITDA by 2027
TL;DR — Maybank forecasts Genting Malaysia’s U.S. and Caribbean operations at 36% of group EBITDA in 2027, up 20 points from 2025, on 63.1% segment growth to MYR1.45bn. RWNYC drives the surge after its full casino relaunch and table additions. Malaysian domestic GGR fell 3% in Q2 amid inflation and World Cup diversion.
SCCG Take — U.S. expansion supplies a measurable counterweight to domestic softness for Genting Malaysia. RWNYC table counts through early 2027 remain the observable metric that will confirm or adjust the projected EBITDA shift.
Genting Malaysia Bhd’s United States and Caribbean operations are forecast to contribute 36 percent of the group’s EBITDA in 2027. That figure is up 20 percentage points from 2025 and rests on a 63.1 percent year-on-year increase in segment EBITDA to MYR1.45 billion (US$358.5 million), from an estimated MYR889.2 million this year.
The projection is led by Resorts World New York City. Resorts World Genting in Malaysia is still expected to generate the single largest contribution at MYR2.25 billion.
RWNYC License and Table Ramp Fuel U.S. Momentum
RWNYC operated as an electronic-games venue until the end of April 2026, when it relaunched as a full-service casino after securing a full licence from New York authorities. The property will undertake a US$5.5-billion expansion through 2030.
From 242 new tables deployed on 28 April 2026, U.S. EBITDA jumped 169 percent quarter-on-quarter to MYR216.6 million. Third-quarter 2026 GGR has trended higher as operations ramp up. The table count is scheduled to reach 400 by early 2027, with further expansion to 6,000 slots and 800 tables by January 2029.
Domestic Softness Offsets U.S. Gains
Maybank remains cautious on Resorts World Genting, which supplies most current earnings. Second-quarter 2026 mass market GGR fell 3 percent year-on-year. The drop reflects cautious consumer spending linked to inflation from geopolitical tensions in the Middle East and diversion of gaming spend to the FIFA World Cup held from 11 June to 19 July 2026.
According to reporting by GGRAsia, the forecasts come from a note by analyst Samuel Yin Shao Yang at Maybank Investment Bank Bhd issued after Genting Malaysia’s second-quarter results. The split trajectories illustrate how U.S. licensing wins can reweight earnings for Asian casino operators even as core markets face cyclical pressure. Table conversion progress at RWNYC through January 2027 will test whether the 36 percent target holds.
Reporting: GGRAsia
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
RWNYC's table expansion is rebalancing Genting Malaysia's earnings away from domestic softness — a template other Asian operators are watching closely.
We've guided Asian operators into U.S. markets for years, and this is the payoff narrative: a full New York license and disciplined table deployment can shift group-wide economics in 24 months. Genting Malaysia is proving that U.S. regulated expansion hedges domestic volatility — a case study our cross-border clients reference daily.
- U.S. and Caribbean EBITDA forecast to grow 63.1% to MYR1.45bn in 2027, reaching 36% of group total
- RWNYC added 242 tables April 2026; U.S. segment EBITDA surged 169% quarter-on-quarter to MYR216.6m
- Malaysian domestic GGR fell 3% in Q2 2026 on inflation and World Cup spend diversion
SCCG angle: SCCG has partnered with suppliers, tech platforms, and regulators across New York and every U.S. jurisdiction. When an operator needs table-game vendors, loyalty architecture, or licensing counsel for a ramp like RWNYC's, we connect the exact partners who've already delivered at scale — no learning curve, no wasted cycles.
Gaming, betting and prediction markets — the desk’s read, every weekday.
Subscribe →