Genting Group chairman Lim Kok Thay said Resorts World New York City could become one of the group’s most successful investments and has the potential to match or even surpass Genting’s Singapore casino business, Resorts World Sentosa, according to Sinchew Daily.
Lim is also Genting Malaysia’s deputy chairman, chief executive and major shareholder.
Speaking after a shareholder meeting, Lim said the Queens property’s operating performance has so far met expectations since its expansion into live dealer gaming in April. He said the group continues to compare actual operating data with earlier forecasts, although more detailed operating statistics are still being collected and organized.
New York performance meets expectations
Lim said Resorts World New York City is the first full-scale commercial casino in New York City’s history, meaning there is limited historical operating data for comparison. However, he said New York has strong fundamentals, including a large population, high per-capita income and its position as a leading global financial center.
He compared the New York project with Resorts World Sentosa, Genting’s Singapore integrated resort. Lim said New York has a larger financial market, stronger overall economic scale and greater consumption potential than Singapore. Based on Resorts World Sentosa’s operating performance, he said Resorts World New York City could at least reach a comparable level and may achieve stronger results over time.
Resorts World New York City, located next to Aqueduct Racetrack, was selected as one of three candidates for a downstate New York commercial casino license in December last year. The property’s April 28th launch introduced live dealer gaming in New York City for the first time, with more than 240 table games installed on a reconfigured third floor.
The offering includes blackjack, craps, baccarat and roulette across more than 1,500 gaming positions, alongside more than 2,500 slot machines. Further expansion is planned, with additional gaming capacity expected later in 2026 as the property continues its phased development.
Lim says Genting Malaysia is not being privatized
Lim also addressed market questions over whether Genting Berhad’s takeover offer for Genting Malaysia amounted to a privatization plan. According to Sinchew Daily, he said shareholders could judge the proposal by the market reaction, particularly after the offer lapsed.
He said that, from a legal perspective, the proposal was not a privatization plan, but an offer to acquire more than 50 percent of Genting Malaysia’s shares. Lim added that the word “privatization” did not appear in the relevant documents and said the term mainly came from market analysts and external commentary.
Genting Berhad announced a conditional voluntary takeover offer in October 2025 worth MYR6.74 billion ($1.6 billion) for the remaining shares it did not already own in Genting Malaysia. Before the offer, Genting held 49.36 percent of Genting Malaysia’s shares.
Lim said Genting Malaysia was the target of the offer, not the bidder, and that any similar future proposal would not be decided by the company.
