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Maybank sees three New York casino bids winning licences

Business

Maybank Investment Bank analyst Samuel Yin said all three remaining bidders for downstate New York casino licences were virtually assured of approval, with Genting Malaysia’s Resorts World New York City proposal the strongest. Genting Malaysia has said it could open a permanent casino in June 2026 if awarded a licence; the analyst also advised shareholders to reject Genting Bhd’s MYR2.35-per-share takeover offer.

The assessment signals potential competition and an earlier opening for casino operators in downstate New York.

End-of-day close Genting Malaysia (4715), MYR, to 12 December 2025
Story date17 September 202512 December 2025

Latest reported results

Genting Malaysia Bursa Malaysia: 4715

Quarter ended 31 December 2025

Revenue
MYR 3.01bn

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