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Tuesday, 20 October 2026

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Genting Malaysia Slips Into Q1 Loss as New York Casino Transition Costs Weigh on Earnings

By Abigail Cheong3 min read

Kuala Lumpur, 22 May 2026 – Genting Malaysia Berhad slipped into the red in the first quarter ended 31 March 2026, as higher operating and payroll-related expenses from the transition of Resorts World New York City into a full-scale commercial casino weighed on earnings despite stronger revenue.

The group posted a net loss of RM3.8 million for 1QFY2026, compared with a net profit of RM72.7 million a year earlier. Its profit before tax fell 77% year-on-year to RM43.1 million, from RM184.0 million previously.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.