Genting Malaysia bets big on U.S.; Asia exposure shrinks

Maybank has forecast that Genting Malaysia's U.S. and Caribbean operations will account for 36 percent of group EBITDA by 2027, up from approximately 16 percent in 2025. That shift is driven by a projected 63.1 percent year-on-year rise in the segment's EBITDA, reaching MYR 1.45 billion. The source is a Maybank analyst note, not Genting Malaysia's own guidance, but Maybank is a closely followed house on Malaysian gaming stocks and the numbers carry weight with institutional investors.

Genting Malaysia has historically been anchored to Resorts World Genting in Malaysia and its broader Asia footprint. A swing of 20 percentage points in EBITDA contribution toward the U.S. and Caribbean in two years is not incremental diversification. It is a structural reweighting of where the group earns its money.