US biz a double-edged sword for Genting Malaysia
Photo: Free Malaysia Today
Its Q2 net profit plunged 89% due primarily to surging costs as its New York resort commenced full casino operations.
From the original report
The casino and resort operator’s net profit for the quarter ended June 30 (Q2 FY2026) fell to RM47.4 million from RM416.6 million a year ago, the group said in an exchange filing yesterday.
The earnings decline was partly attributed to costs associated with the commencement and ramp up of Resorts World New York City’s (RWNYC) full commercial casino operations, higher depreciation and higher financing costs for the development of the integrated resort.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at Free Malaysia Today
Free Malaysia Today
Read the full translated article in Japanese →
Related stories
-
Malaysia-Japan trade hits US$23.3b in Jan-July 2026, Johari Ghani pushes deeper economic ties Business1h ago
-
Meta Bright posts 30% net earnings growth in FY6/2026 on higher multi-segment contributions Business8/31 19:34
-
Tajikistan eyes bigger role for Malaysia in Central Asian market Business8/31 18:35
-
Ramanan urges youths to join ‘AI for the People’ to boost job marketability Business8/31 18:25
About this story
- Source
- Free Malaysia Today
- Originally published
- Aug 21, 2026
- Updated here
- Aug 22, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
- Corrections
- Corrections log · Report an error