What Genting Berhad does

Genting Berhad is a Malaysian-domiciled, publicly listed multinational conglomerate (Bursa Malaysia: 3182.KL; OTC: GEBEY) founded in 1965 that operates a diversified holding-company structure anchored in integrated leisure and hospitality, which contributed 82% of group revenue and adjusted EBITDA in 2025 (RM27.7 billion revenue, RM8.0 billion adjusted EBITDA). The group holds Malaysia's sole casino license (obtained 1969) and operates the global "Resorts World" integrated-resort portfolio across Malaysia (Genting, Kijal, Langkawi), Singapore (Sentosa), the United States (Las Vegas, New York City, Catskills), the Bahamas (Bimini), and the United Kingdom (Birmingham, Stratford, planned London Trocadero). Complementary segments include Genting Plantations (oil palm, downstream manufacturing, AgTech, Premium Outlets JV with Simon Property Group), Genting Energy (power generation in China, Indonesia, India; oil and gas upstream in China and Indonesia including the FLNG Alam Guyub facility), property development, and life sciences (TauRx Pharmaceuticals' HMTM Alzheimer's therapy under UK MHRA review, TauRx Diagnostics Centre's HiPAL cognitive testing, Fontaine Vitale stem cell facility in Bali targeted end-2026).

Core product offerings span casino gaming floors (VIP and mass-market table games, electronic gaming machines, baccarat), hotels (including the October 2025-launched The Laurus Luxury Collection Resort in Singapore), theme parks and attractions (Universal Studios Singapore with Illumination's Minion Land and upcoming Super Nintendo World, Singapore Oceanarium, WEAVE lifestyle enclave), an 88-meter Heatherwick Studio light sculpture at Resorts World Sentosa, and Resorts World New York City's gaming complex (242 live table games and 2,500+ slot machines as of April 2026). Underlying technology comprises integrated resort management systems, FLNG (Floating Liquefied Natural Gas) technology for the Kasuri Block operations in West Papua, Indonesia, AI and big-data driven AgTech and genomic research for oil palm cultivation, and a technology innovation arm (RW Tech Labs).

Revenue is predominantly transaction-based on casino floors, augmented by recurring hotel room revenue, theme park admissions, F&B and retail concessions, palm oil commodity sales (RM3,853 per metric tonne achieved in 2025), electricity generation, upstream oil and gas, and licensing/royalties from TauRx and other life sciences assets. Distribution is direct through owned physical integrated resort properties, supplemented by tourism partnerships (e.g., Visit Malaysia Year 2026, Tourism Malaysia), event sponsorships (FIFA World Cup 26 fan zone), and MICE sales teams. The go-to-market is asset-heavy enterprise field sales combined with event-driven customer acquisition, targeting leisure travelers, high-net-worth gamers, MICE customers, and B2B commodity/utilities buyers across more than eight countries in Asia, North America, Europe, and the Caribbean.

Name

Genting Berhad

Legal name

Genting Berhad

Website

https://genting.com

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Genting Berhad is a Malaysian-listed multinational conglomerate operating the global Resorts World integrated-resort portfolio (gaming, hotels, theme parks) alongside plantations, energy, property, and life sciences businesses across Malaysia, Singapore, the US, the UK, and the Bahamas, serving leisure travelers, gamers, MICE customers, and commodity/utilities buyers.

Ownership category

akta.pro rank

Product category

Integrated Resorts & Hospitality

NAICS

Casino Hotels (721120), Casino Hotels (72112), Gambling Industries (7132), Amusement and Theme Parks (71311)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Integrated Casino Resorts (THAGAJAA)

akta.pro secondary industries

Integrated Casino Resorts (Casino + Hotel/Entertainment) (MPAEAAAA), Luxury Casino Resorts (THAGACAJ), Destination Casino Hotels (THAGAJAC)

Keywords

• Integrated resorts
• Casino gaming operations
• Leisure hospitality services
• Oil palm plantations
• Power generation

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Gaming and Casino Operations: Core gaming revenue from casino floors including VIP/mass market table games, electronic gaming machines, and baccarat. Contributed 82% of group revenue and adjusted EBITDA in 2025. Gaming tax rates in New York: 63% on slots, 30% on table games. Pays US$600 million upfront license fee for 30-year New York operating license.
2. Hotels and Hospitality: Hotel accommodations across integrated resorts including Resorts World Genting, Resorts World Sentosa, Resorts World Las Vegas, and new properties under development. Room revenue, suite rentals, and hospitality services.
3. Attractions and Theme Parks: Theme parks including Universal Studios Singapore, water parks, and family entertainment attractions. Revenue from admission tickets, in-park spending, and attraction partnerships.
4. Food, Beverage and Retail: F&B outlets, restaurants, bars, and retail spaces within integrated resorts. Includes concession revenue from third-party operators.
5. Power Generation: Genting Energy operates power plants in China (Meizhou Wan, Zhoushan gas power plant), Indonesia (Banten power plant), and India (Jangi wind farm). Also Dongwucha solar power plant commissioned May 2025. Revenue from electricity generation and distribution.
6. Oil and Gas: Upstream oil and gas operations in China (Chengdaoxi block, Block 15/33 acquisition) and Indonesia (Kasuri block FLNG project). Revenue from crude oil and gas production and sales.
7. Plantations: Oil palm plantations in Malaysia and Indonesia producing fresh fruit bunches, crude palm oil, and palm kernel. Also includes downstream manufacturing operations.
8. Property Development: Property segment including residential, commercial, and industrial developments. Premium Outlets JV with Simon Property Group (Jakarta, Bandung, Bali).
9. Life Sciences: TauRx Pharmaceuticals (Alzheimer's treatment HMTM under UK regulatory review), TauRx Diagnostics Centre (HiPAL cognitive testing), Fontaine Vitale stem cell facility (targeted completion end 2026), and DNAe diagnostics technology.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Genting Berhad operates and owns a global portfolio of integrated resort destinations combining casino gaming, hotels, theme parks and convention facilities, anchored by Resorts World Genting (Malaysia), Resorts World Sentosa (Singapore), Resorts World Las Vegas, and Resorts World New York City. The group complements this leisure and hospitality core with oil palm plantations, power generation and oil & gas assets, property development, and a life sciences pipeline including TauRx Alzheimer's therapy and stem cell therapy.

Product overview

Genting Berhad is a diversified global conglomerate operating integrated resorts, gaming, plantations, property, energy, and life sciences businesses across Malaysia, Singapore, United States, United Kingdom, and Bahamas. The company operates a platform-plus-properties architecture consisting of: Leisure & Hospitality (core integrated resorts including Resorts World Genting, Resorts World Sentosa, Resorts World Las Vegas, Resorts World New York City, Resorts World Catskills, Resorts World Bimini, Resorts World Kijal, Resorts World Langkawi, Resorts World Birmingham, and Genting UK); Plantations (oil palm operations, downstream manufacturing, AgTech, property, and Premium Outlets); Energy (power generation and oil & gas); and Life Sciences (biotechnology including TauRx Alzheimer's treatments and stem cell therapy). The integrated resort portfolio forms the core business (82% of revenue), supplemented by plantations, energy, and life sciences divisions.

Differentiator

Problem solved

Functional benefit

Brands

• Resorts World Genting: Malaysia's premier integrated resort destination, the only licensed casino in Malaysia
• Resorts World Sentosa
• Resorts World Las Vegas
• Resorts World New York City
• Resorts World Bimini
• Resorts World Catskills
• Genting UK
• Resorts World Birmingham
• Genting Plantations
• Genting Energy
• RW Tech Labs

Products and services

• Resorts World Genting Malaysia's flagship integrated resort atop Genting Highlands, featuring the country's sole licensed casino, multiple hotels, theme parks including Genting SkyWorlds, dining, retail and entertainment. Targets leisure travelers, gaming patrons, families and MICE visitors.
• Resorts World Sentosa Premier integrated resort on Sentosa Island, Singapore, featuring Universal Studios Singapore, S.E.A. Aquarium, hotels, gaming and dining. Undergoing the RWS 2.0 transformation including new attractions.
• Resorts World Las Vegas Integrated resort casino on the Las Vegas Strip owned directly by Genting Berhad, featuring gaming, hotels, dining, entertainment and nightlife venues.
• Resorts World New York City Full-service commercial casino at Aqueduct Racetrack in Queens, NYC, holding a 30-year operating license awarded December 2025 with US$600 million upfront fee. Launched live table games in April 2026 with planned US$5.5 billion expansion to integrated resort.
• Resorts World Catskills Integrated resort casino in the Catskills, New York, offering gaming, hospitality and entertainment to North American leisure travelers.
• Resorts World Bimini Resort casino and cruise terminal in Bimini, Bahamas, offering gaming, island hospitality and beach leisure experiences.
• Resorts World Kijal Beachfront resort in Terengganu, Malaysia featuring golf, beach activities and hospitality services for leisure travelers.
• Resorts World Langkawi Island resort in Langkawi, Malaysia offering leisure and hospitality services for tourists visiting the Langkawi archipelago.
• Genting UK Casinos Casino operations across the United Kingdom, including Resorts World Birmingham and Genting Casino Stratford (acquired April 2025), plus the planned Trocadero complex transformation in London. Targets UK gaming and leisure customers.
• Resorts World Birmingham Casino and entertainment venue in Birmingham, UK featuring gaming, dining, hotel and entertainment offerings for regional visitors.
• Genting Plantations Oil palm plantation operations across Malaysia and Indonesia producing fresh fruit bunches, crude palm oil and palm kernel for food, oleochemical and biofuel industries, plus downstream manufacturing, property development and AgTech research. Achieved average CPO price of RM3,853 per metric tonne in 2025.
• Genting Energy Power generation and oil & gas operations including Meizhou Wan (China), Banten (Indonesia), Jangi wind farm (India), Dongwucha solar (China), Zhoushan gas (China), plus Chengdaoxi block and Kasuri Block oil & gas. The Meizhou Wan 2x393MW BOT was handed back to Fujian government in June 2025; Dongwucha solar commissioned May 2025.
• Genting Life Sciences Biotechnology and life sciences operations including TauRx Pharmaceuticals' HMTM oral anti-tau therapy for Alzheimer's under UK MHRA review, the TauRx Diagnostics Centre offering HiPAL/HiPAL Pro cognitive screening, the Fontaine Vitale stem cell facility in Bali (targeted end-2026), and DNAe diagnostics technology.
• Universal Studios Singapore Universal Studios theme park within Resorts World Sentosa, Singapore, featuring themed zones including the new Illumination's Minion Land (opened February 2025) and the upcoming Super Nintendo World as part of the RWS 2.0 transformation.
• Singapore Oceanarium Marine conservation and research facility and attraction within Resorts World Sentosa, opened July 2025 as part of RWS 2.0 transformation.
• The Laurus Luxury Collection Resort Singapore's first Luxury Collection Resort hotel within Resorts World Sentosa, opened October 2025 targeting premium leisure and business travelers.
• WEAVE Lifestyle Enclave Modern lifestyle and community enclave within Resorts World Sentosa featuring F&B, retail and lifestyle experiences, opened mid-2025.
• RW Tech Labs Technology and entertainment innovation division of Genting developing mobile technology, internet entertainment and game solutions deployed across Resorts World properties worldwide.

Quantifiable outcome

• RM27.7 billion total group revenue in 2025
• +6 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

18 partnerships are on record, tiered minor and core.

• Brian SandovalminorOthers · 1 March 2026Former Nevada Gaming Commission chairman granted Nevada gaming license and appointed board chairman of Resorts World Las Vegas following $10.5 million fine for regulatory compliance issues.
• A.G. BurnettminorOthers · 1 March 2026Gaming attorney appointed to Resorts World Las Vegas board of directors with Nevada gaming license approval following regulatory compliance review.
• Jennifer RobertsminorOthers · 11 February 2026Appointed Chief Compliance Officer at Resorts World Las Vegas following $10.5 million regulatory settlement, overseeing compliance programs and risk management.
• What a Waste - Weekend Food Kitchen InitiativeminorOthers · 4 December 2025Genting Malaysia partnered with community outreach initiative, with employees volunteering to prepare and distribute meals to underserved communities in Lembah Subang, Lembah Pantai, and Bentong's Orang Asli community.
• Genting Malaysia BhdcoreOthers · 1 December 2025Genting Berhad increased direct shareholding in Genting Malaysia to 73.8% following corporate exercise, strengthening majority control. Resorts World Bhd changed name to Genting Malaysia Bhd effective June 18, 2026.
• PT Rukun Raharja GroupminorStrategic or Co-development Partner · 11 May 2025Genting Berhad via 95%-owned indirect subsidiaries signed agreements for divestment of 5% interest in upstream development of Kasuri Block in Indonesia and downstream floating liquefied natural gas facility to Rukun Raharja Group.
• TauRx Pharmaceuticals LtdcoreStrategic or Co-development Partner · 1 March 2025UK marketing authorisation application for hydromethylthionine mesylate (HMTM), an oral anti-tau therapy for Alzheimer's disease, accepted by UK Medicines and Healthcare products Regulatory Agency and under review.
• Carlos CastrominorOthers · 24 February 2025Appointed Chief Operating Officer and Chief Financial Officer at Resorts World Las Vegas as part of leadership restructuring.
• SDIC Genting Meizhou Wan Electric Power Company LimitedcoreStrategic or Co-development Partner · 20 February 2025Indirect joint venture company successfully handed over 2x393MW subcritical coal-fired power plant under Build, Operate, Transfer scheme in Fujian, China to Fujian local government upon expiry of 21.5-year power purchase agreement on June 30, 2025.
• Alex DixonminorOthers · 9 February 2025Appointed Chief Executive Officer of Resorts World Las Vegas as part of management shake-up following regulatory compliance issues.
• Simon Property GroupcoreStrategic or Co-development Partner · 5 December 2024Premium Outlets joint venture with Simon Property Group operating three locations in Indonesia: Jakarta Premium Outlets (opened March 2025), Bandung Premium Outlets, and Bali Premium Outlets. Jakarta recorded successful inaugural year with near-full tenancy.
• Jim MurrenminorOthers · 4 December 2024Former MGM Resorts CEO appointed chairman of Resorts World Las Vegas board of directors as part of management shake-up following regulatory settlement.
• PT Angsana Bangun Sejahtera (Celularity Inc.)coreStrategic or Co-development Partner · 20 November 2024Genting Berhad subsidiary PT Angsana Bangun Sejahtera broke ground on Fontaine Vitale stem cell facility in Sanur Special Economic Zone, Bali in partnership with Celularity Inc. The facility is expected to be the first in ASEAN to offer placenta-derived allogeneic stem cell therapy, targeted for completion by end of 2026.
• PT Layar Nusantara GascoreStrategic or Co-development Partner · 28 October 202495%-owned indirect subsidiary conducted laying of first hull keel block for Indonesia's first FLNG facility 'Alam Guyub' in February 2025.
• PT Wison Nantong Heavy Industry Co., LtdcoreStrategic or Co-development Partner · 14 October 2024Signed procurement contract and construction, installation and commissioning contract for upstream development linkage at Kasuri Block to downstream FLNG facility.
• PT Pupuk Kalimantan TimurminorChannel Partner/ Reseller/ Distributor · 20 September 2024Genting Oil & Gas subsidiary signed gas sale and purchase agreement with PT Pupuk Indonesia subsidiary for Kasuri Block gas supply.
• Wison New Energies Co.coreStrategic or Co-development Partner · 20 June 2024Engineering, Procurement, Construction, Installation and Commissioning contract signed for Floating Liquefied Natural Gas facility to be operated in West Papua, Indonesia. The FLNG project marked successful hull float-out as Indonesia's first FLNG facility.
• SDIC Power Holdings Co., LtdcoreStrategic or Co-development Partner · 20 June 2024Cooperation framework agreement for development of Zhoushan gas power plant in Zhejiang, China. The plant will feature advanced low-emissions combustion technology and hydrogen co-firing capability of up to 50%, on track for commercial operation in 2026.

Scale indicators32 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• Caesars Entertainment: Operates a large US-centric integrated resort and regional gaming portfolio (Caesars Palace, Harrah's, Horseshoe, Eldorado brands) with Caesars Rewards loyalty program. Direct competitor in Las Vegas and overlapping presence in New York and other regional US markets.
• Melco Resorts & Entertainment: Operates City of Dreams and Studio City in Macau, Altira, and City of Dreams Mediterranean in Cyprus. Direct competitor in Asian premium integrated resort segment with overlapping customer segments in VIP and mass gaming.
• Wynn Resorts: Operates luxury integrated casino resorts in Las Vegas (Wynn, Encore), Macau (Wynn Macau, Wynn Palace), and is expanding into UAE with Wynn Al Marjan. Closest comparable in premium VIP/mass gaming and luxury positioning to Genting's Resorts World Las Vegas and Sentosa.
• Galaxy Entertainment Group: Hong Kong-listed operator of Galaxy Macau, StarWorld Macau, Broadway Macau, and developing a casino in Thailand. Direct competitor in Macau's mass-market integrated resort segment and a parallel Asian-focused integrated resort operator with similar geographic ambitions.
• MGM Resorts International: Owns and operates integrated resort-casinos on the Las Vegas Strip (Bellagio, MGM Grand, Mandalay Bay, Aria) plus regional properties and BetMGM digital. Competes directly with Resorts World Las Vegas and Resorts World New York City on gaming, hotel, and entertainment.
• Las Vegas Sands: Operates integrated casino resorts in Macau (Venetian, Parisian, Sands, Plaza) and Singapore (Marina Bay Sands). Direct competitor to Genting in Asian destination integrated resorts and in Singapore against Resorts World Sentosa. Comparable business model anchored by gaming, MICE, and retail.
• SJM Holdings: Macau concessionaire operating Grand Lisboa and other integrated casino resorts, including the new Grand Lisboa Palace. Comparable Macau integrated resort operator competing for the same premium Chinese gamer demographic that drives Resorts World Sentosa and Genting's Malaysian VIP play.

Regional players

• Crown Resorts: Australia-based integrated casino resort operator (Crown Melbourne, Crown Perth, Crown Sydney), now owned by Blackstone. Comparable luxury integrated resort model but primarily serving Asia-Pacific tourism flows rather than overlapping directly with Genting's geographic footprint.

Broad incumbents

• Boyd Gaming: Operates 28 gaming properties across 10 US states focused on regional gaming rather than destination resorts. Overlaps with Genting in Las Vegas (mainland) and shares the multi-state US regulatory and operational environment relevant to RWNYC and Catskills.

Emerging players

• Bally's Corporation: Regional US gaming operator with one of the three pending downstate New York casino licenses (alongside Hard Rock) directly competing for the same NYC market Genting is entering first. Comparable expansion profile and recently acquired Tropicana Las Vegas site adjacent to RWLV.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/genting-berhad

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Genting Berhad