Genting revenue declines in first quarter of 2025 amid soft premium market
Group pursues ecotourism and overseas diversification to manage headwinds.
Key points:
– Genting Bhd’s 1Q25 revenue dropped to RM6.5bn (US$1.38bn) from RM7.4bn
– Lower contributions from Resorts World Genting and Resorts World Sentosa
– Genting Malaysia recorded higher net profit at RM72.58m despite weaker revenue
As reported by The Star, Genting Bhd has posted a decline in its revenue for the first quarter of 2025, reporting RM6.5bn (US$1.38bn) compared with RM7.4bn in the same period a year earlier. Net profit fell to RM4.5m from RM588.87m. The group attributed the drop primarily to reduced performance in the leisure and hospitality segment and currency fluctuations against major trading currencies.
In Malaysia, Resorts World Genting recorded lower revenue during the quarter. The company cited the timing of festive periods and reduced activity in the premium players segment as contributing factors. In Singapore, Resorts World Sentosa saw a decrease in revenue due to a lower VIP win rate and the temporary closure of Hard Rock Hotel for renovations.
Genting Malaysia Bhd (GenM), a key subsidiary of the group, also reported a decline in revenue to RM2.6bn from RM2.76bn. However, net profit rose to RM72.58m compared to RM57.78m in the corresponding quarter last year. The increase was aided by a net unrealised foreign exchange gain of RM50.4m on US dollar borrowings, reversing losses from the previous year.
Good to know: Genting’s plantation segment reported improved revenue and earnings before interest, taxes, depreciation and amortisation, supported by stronger palm product prices and better downstream sales volume
The group stated that it would continue to focus on operational efficiency and prudent cost management while developing new ecotourism experiences at Genting Highlands.
It also highlighted recent international developments, including the acquisition of Aspers Stratford in London and expanded cruise strategies in the Bahamas.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
