PETALING JAYA: Genting Bhd

expects the global tourism outlook to remain broadly positive despite prevailing trading environment uncertainties.

In a filing with Bursa Malaysia, the hospitality company said the positive momentum is expected to support the continued growth of the regional gaming market. The group however, also noted it will continue to remain cautious of the near-term prospects of the leisure and hospitality industry.

For the second quarter ended June 30, 2025, Genting Bhd posted a lower revenue of RM6.78bil compared to the RM6.85bil it posted for the same quarter a year ago.

The group said the decrease was partly due to the strengthening of the ringgit against the US dollar, British pound and Singapore dollar. Its profit for the quarter under review however, was higher at RM243.54mil compared to RM239.65mil a year ago. One of its first assets, Resorts World Genting saw an increase in revenue mainly due to overall higher business volume from the gaming segment.

Its business in the UK registered stronger revenue from the newly acquired Stratford casino, but partly offset by the strengthening of the ringgit against the pound, while the leisure and hospitality businesses in the US and Bahamas included higher revenue from Resorts World Bimini and revenue from Genting Empire Resorts LLC.

Its plantation division saw a stronger quarter on the back of stronger palm product prices and increased sales volume.

Meanwhile, the group’s subsidiary, Genting Malaysia Bhd

, achieved a higher revenue at RM2.91bil, representing a 9% increase from the same period last year while its net profit surged to RM416.74mil compared to RM82.23mil registered in the same quarter last year on the back of net unrealised foreign exchange translation gains and one-off items.

For its first half of 2025 earnings, the group posted a revenue of RM5.51bil, despite seeing a softer performance in the first quarter of 2025 due to the timing of the festive season.

In the second quarter, revenue rebounded strongly mainly driven by higher business volumes, the newly acquired Genting Casino Stratford and the consolidation of Empire’s results.