Net profit attributable to shareholders of global casino operator Genting Malaysia Bhd reached MYR416.7 million (US$98.8 million) for the three months to June 30, up 406.8 percent year-on-year. It took such first-half 2025 profit to MYR489.3 million, compared to MYR140.0-million in first-half 2024.
But the firm said in a Thursday announcement to Bursa Malaysia that its board had decided not to declare an interim dividend for the current quarter.
“The group will continue to exercise prudent capital management to support business needs to drive growth and pare down existing debt,” it said, adding it “remains committed to delivering long-term shareholder value”.
The group said its pre-tax profit “more than doubled to MYR503.3 million, aided by net unrealised foreign exchange translation gains and one-off items”.
Trade and other receivables as of June 30, stood at nearly MYR737.0 million, up 33.6 percent year-on-year. Long-term borrowings amounted to MYR12.77 billion as of June 30.
The group’s flagship property is Malaysian casino monopoly Resorts World Genting. The group also runs casinos in the United Kingdom, Egypt, the United States and the Bahamas.
On Thursday, Genting Malaysia reported second-quarter revenue of nearly MYR2.92 billion, up 9.3 percent year-on-year. That took first-half revenue to MYR5.51 billion, up 1.5 percent from a year ago.
A total of 61.1 percent of second-quarter 2025 revenue, or MYR1.78 billion, was from the group’s Malaysian leisure and hospitality business, consisting of Resorts World Genting and some non-gaming resort assets.
The firm said that “despite prevailing trading environment uncertainties, the global tourism outlook is expected to remain broadly positive”.
“This momentum is expected to support the continued growth of the regional gaming market,” it added.
Group-wide second-quarter group adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) stood at nearly MYR1.03 billion, up 33.6 percent from the prior-year period.
The leisure and hospitality segment as a whole generated adjusted EBITDA of MYR794.9 million in the three months to June 30, up 3.7 percent on second-quarter 2024.
Genting Malaysia announced earlier this month that another U.S. business it controls – loss-making Empire Resorts Inc – is to become “debt-free” via a deal that will see some non-gaming assets sold off for US$525.0-million in cash.
In June, Genting Malaysia said it had completed its acquisition of the stake in Empire Resorts that it did not already control.
Genting Malaysia’s U.K. and Egypt operating segment produced second-quarter revenue of MYR511.2 million, up 9.0 percent from a year earlier.
That was “mainly attributable to contributions from the newly-acquired Genting Casino Stratford (formerly known as Aspers Stratford) in April 2025″, in the U.K. capital, London, as well as “higher volume of business”.
The U.S. and the Bahamas generated MYR576.0 million revenue in the second quarter, up 9.1 percent year-on-year.
The firm said in a press release with the results: “This was mainly due to the consolidation of Empire Resorts Inc and its subsidiaries from June 2025, which contributed MYR89.1 million in revenue, coupled with higher volume of business from the group’s non-New York operations.”
The firm said its US$5.5-billion proposal for a full downstate casino licence and revamp at its Resorts World New York City property, was being evaluated by the local authorities.
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.”
