Global casino operator Genting Malaysia Bhd reported on Thursday revenue of nearly MYR3.36 billion (US$812.7 million) for the three months to September 30, up 22.1 percent from the prior-year period.
But the firm posted a net profit attributable to shareholders of just under MYR119.7 million for the third quarter, down 79.0 percent year-on-year.
Group-wide third-quarter group adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) stood at nearly MYR838.1 million, a 35.8-percent decline from a year earlier.
That was “primarily due to lower Forex [foreign exchange] gains of MYR2.8 million in the third quarter of 2025, compared with Forex gains of MYR601.8 million in the same period last year,” said the casino firm.
“Excluding this effect in both years, adjusted EBITDA increased by 19 percent to MYR835.3 million,” it added.
The group’s flagship property is Malaysian casino monopoly Resorts World Genting (pictured in a file photo). The group also runs casinos in the United Kingdom, Egypt, the United States and the Bahamas.
A total of 59.4 percent of third-quarter 2025 revenue, or nearly MYR2.00 billion, was from the group’s Malaysian leisure and hospitality business, consisting of Resorts World Genting and some non-gaming resort assets.
The latest quarterly result was up 18.7 percent year-on-year, “mainly driven by higher overall business volumes in the gaming segment at Resorts World Genting,” stated the firm.
Adjusted EBITDA at Resorts World Genting rose 27.2 percent year-on-year, to MYR627.4 million in the July to September period.
Genting Malaysia also said it would “capitalise” on the Visit Malaysia 2026 tourism campaign to drive a higher number of visitors to its casino complex.
“The group is preparing the roll-out of its newest ecotourism attraction, Eufloria, at the mid-hill, which is on track to be ready next year,” said the company.
“Additionally, the revamp of the highly anticipated 18-hole golf course at Resorts World Awana is progressing well and is near completion, further enhancing the leisure and lifestyle offerings to visitors,” the firm stated.
“The group remains focused on operational discipline and yield management to deliver continued growth,” it added.
In Thursday’s announcement, Genting Malaysia also said that in the U.S., it has submitted “supplemental application materials” to the New York Gaming Facility Location Board, as part of the bid for a downstate casino licence in New York City.
The firm has submitted a US$5.5-billion proposal for a full downstate casino licence and revamp of its Resorts World New York City property.
The company noted: “The New York State Gaming Facility Location Board is expected to make its decision by 1 December 2025, with the issuance of licence expected to take place by 31 December 2025.”
Outside of the reporting period, the casino firm’s parent, Malaysia-based conglomerate Genting Bhd, made a circa US$1.59-billion bid to acquire all shares in Genting Malaysia that it didn’t already own, aiming to delist the unit from Bursa Malaysia.
Genting Bhd’s takeover offer became mandatory earlier this month, after the parent’s stake in Genting Malaysia surpassed 50 percent.
The parent now controls nearly 63.4 percent of Genting Malaysia, as per Thursday filings.
The increase was effected via acquisition of relevant interest in Genting Malaysia shares, based on stockholder acceptances relating to the takeover offer made by the parent, as well as acquisition of shares on the open market.
According to the parent, the takeover would enhance Genting Malaysia’s financial profile as the latter is in the run for one of three full-scale downstate New York casino licences that are likely to be awarded by the end of 2025.
Nonetheless, an independent advisor to Genting Malaysia said a fortnight ago that the per-share price being offered by the parent is “not fair and not reasonable”. It recommended existing shareholders “reject” the MYR2.35 offer.
