Maybank cuts Genting FY26 forecast but sees stronger growth ahead from New York gaming expansion
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Maybank cuts Genting FY26 forecast but sees stronger growth ahead from New York gaming expansion
Maybank has cut its FY26 earnings forecast for Malaysian casino conglomerate Genting Berhad by 11 percent, while raising its FY27 and FY28 earnings estimates by 14 percent and 16 percent, […] The post Maybank cuts Genting FY26 forecast but sees stronger growth ahead from New York gaming expansion first appeared on Asia Gaming News | AGB - Asia Gaming Brief.
Revenue rising but Genting Malaysia falls to US$6 million net loss in 1Q26 due to pre-opening expenses at Resorts World New York City
Genting Malaysia Bhd fell to a net loss of MYR25.2 million (US$6.4 million) in the three months to 31 March 2026, with revenue increases across the board offset by pre-opening expenses at Resorts World New York City, where the company recently launched live table games. While total revenue grew by 10% year-on-year to MYR2.87 billion (US$724 million) in Q1, Adjusted EBITDA fell by 13% to MYR644.7 million (US$163 million) on lower net unrealized f…
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