By SectorWire desk · · Updated
Fitch Ratings expects Genting New York to generate approximately US$450m in EBITDA in 2028. The forecast reflects a gradual expansion of gaming at Resorts World New York City, which Genting New York operates.
Investors gain an EBITDA forecast tied to gradual gaming expansion at Resorts World New York City.
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Investors see a return to quarterly profit, although earnings remain below the comparable 2025 quarter.
The dissolution winds down the subsidiary associated with the unsuccessful Macau concession bid.
The revised forecast lowers earnings expectations for Genting Malaysia.
The revised forecast lowers expected annual earnings for Genting Malaysia following weaker casino gaming revenue.
The construction phase expands the property’s planned accommodation, entertainment and gaming capacity.
The reopened floor increases the casino’s capacity ahead of broader redevelopment.