On December 15, Genting Malaysia Bhd officially announced that the New York State Gaming Commission awarded a commercial casino license to its wholly-owned subsidiary, Genting New York LLC. The company filed with Bursa Malaysia to confirm its plans. It aims to open the first phase of Resorts World New York City by the second quarter of 2026.
This milestone comes as all three downstate New York casino applications have received approval. Genting’s proposed development at the Aqueduct Racetrack in Queens is included among the approved projects. The approvals mark a major step forward for the state’s casino industry and for Genting’s expansion into the U.S. market.
New York Governor Kathy Hochul highlighted the economic impact of the approved casinos in a press statement. She said the three projects will generate billions of dollars for the Metropolitan Transportation Authority and education. They will also create thousands of jobs and deliver significant benefits to surrounding communities. According to Hochul, each project has made substantial commitments to New York State and its local communities. She emphasized that the Gaming Commission will hold the operators accountable to ensure they fulfill their promises.
The announcement immediately affected stock of Genting Malaysia. It rose three sen to RM2.07 per share before the midday break. Meanwhile, shares of Genting Bhd remained unchanged at RM3.02 each.
The approval of Genting New York LLC’s license represents a key achievement in Genting Malaysia’s international growth strategy. Resorts World New York City will become a major integrated resort destination. It will offer gaming, hospitality, and entertainment facilities that attract both local and international visitors. Backed by the state and supported by strong community commitments, the project will contribute significantly to New York’s economy. It will also strengthen Genting’s position as a global gaming and hospitality operator.
