By SectorWire desk ·
The report said that Genting Malaysia began dissolving its Macau-incorporated subsidiary. The entity had unsuccessfully bid for a Macau gaming concession in 2022.
The dissolution winds down the subsidiary associated with the unsuccessful Macau concession bid.
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Investors gain an EBITDA forecast tied to gradual gaming expansion at Resorts World New York City.
Investors see a return to quarterly profit, although earnings remain below the comparable 2025 quarter.
The revised forecast lowers earnings expectations for Genting Malaysia.
The revised forecast lowers expected annual earnings for Genting Malaysia following weaker casino gaming revenue.