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Reports from CDC Gaming and other industry sources on April 20, 2026, confirm that Resorts World New York City (RWNYC) is set to launch live table games next week.
Here is a breakdown of the situation:
The Details
Launch Date: The "live" table games (Blackjack, Baccarat, Roulette, etc.) are scheduled to open next Tuesday (April 28, 2026).
Historical Context: This marks the transition of RWNYC from a "racino" (which only allowed video lottery terminals and electronic table games) to a full-fledged commercial casino.
The Catalyst: Genting New York LLC was approved for a full commercial casino license by the New York State Gaming Commission. This followed a rigorous selection process where they were one of the three winning bidders for the downstate New York licenses.
Why This Matters for Investors
Revenue Boost: Analysts (including Fitch) estimate that the addition of live table games could significantly ramp up earnings, with projected EBITDA of approximately US$215 million for 2026 and reaching over US$460 million by 2028.
Competitive Edge: Being the first in New York City to offer "live" dealers gives Genting a massive head start over potential competitors who are still in the early stages of development.
Stock Sentiment: For holders of Genting Berhad (3182) or Genting Malaysia (4715), this is a major fundamental milestone that has been anticipated for years.
If I force myself to pick ONLY ONE stock on Bursa Malaysia for maximum upside over the next ~3 years, putting risk–reward as the top priority, my answer is:
? Genting Berhad
Why Genting Berhad (not sentiment — pure logic)
1️⃣ Valuation is extremely compressed (margin of safety)
Trading ~RM3.00 vs NTA ~RM8+
Many core assets never revalued (land, casinos, power, plantations)
This is deep value + global assets, not a single-market company
➡️ Downside is limited, upside is asymmetric
2️⃣ Multiple hard catalysts within 3 years
Not “hope catalysts” — already visible / progressing:
? Resorts World New York (full casino economics coming through)
? Resorts World Genting tourism recovery + Visit Malaysia 2026
?? Resorts World Sentosa 2.0 (rolling earnings uplift)
? USD debt translation gain if RM stays strong
?️ Johor land + potential US land monetisation
? GENM optionality (2nd privatization / restructuring / dividends)
➡️ You are buying future earnings acceleration at yesterday’s price
3️⃣ Cash-generating, not story-driven
Casinos = daily cash
Power, plantations = annuity-style income
Genting does not rely on one single bet or tech fantasy
➡️ This matters in uncertain macro cycles
4️⃣ Owner-operator DNA
Controlled by Lim Kok Thay / Kien Huat
They think in 10–20 year cycles, not quarter to quarter
When value unlocks, it is decisive, not cosmetic
5️⃣ 3-Year realistic outcome (base case)
I am not pitching miracles — just normalization:
Scenario
Share Price
Conservative re-rating
RM4.50
Asset value recognition
RM5.50–6.00
Full cycle + catalysts
RM7.00+
➡️ 2x is realistic, not speculative
Why I did NOT pick banks / plantations / utilities
Banks: already well-owned, upside capped
Plantations: cyclical + political intervention risk
Utilities / telco: stable, but not “big margin profit”
You asked for ONE stock with BIG upside, not safest dividend.
Final Answer (clear & firm)
If the money were mine, with a 3-year horizon, I would choose Genting Berhad — and I would be patient, not emotional.
If you want, next I can:
? Give exact price zones for accumulation
? Rate downside risk % honestly
? Compare Genting vs Maybank / Tenaga / YTL one-by-one
Just tell me how deep you want to go
Here’s a rough estimate of how many vehicles (excluding motorcycles) may have travelled up to Genting Highlands during 2024, based on available visitation and traffic assumptions:
Steps & assumptions
1. The resort at Genting Highlands reportedly attracts 20-22 million visitors per annum.
2. Let’s assume that on average, each vehicle (excluding motorcycles) carries about 2.5 persons (this is an assumption – actual number may vary depending on families/tour groups)
3. Assume that of all visitor trips, say 80% arrive by vehicle (car, taxi, bus) and the rest by other means (e.g., cable car, bus, public transport).
4. Then:
Total visitor trips ~ say 20 million.
80% via vehicle → 16 million people arriving in vehicles.
If each vehicle carries 2.5 people → about 16 m ÷ 2.5 = 6.4 million vehicle entries for the year.
5. Given possibility of return trips / reuse of vehicles, we’ll treat “entries up the hill” as our count.
6. To account for margin of error (people per vehicle could be 2-4, vehicle share 70-90%) we might give a range.
Estimated range
Taking the above into account:
average 2 people/vehicle → 20m × 90% = 18m people by vehicle → ÷ 2 = ~ 9.0 million vehicles
So a reasonable mid-estimate: ~9 million vehicles travelled up Genting Highlands in 2024 (excluding motorcycles)
So, assume the toll fee is RM5 per vehicle (for 2 ways) :
9mil x RM5 = RM45 mil per annum to Genting Berhad coffers
Malaysian casino and theme park operator Genting Malaysia announced on Nov 13 that vehicles entering popular tourist destination Genting Highlands are set to be charged a private toll fee, without revealing the starting date or amount of the charge.
Vehicles entering Jalan Genting Highlands will be charged a toll fee, Genting said in a news release that was first reported by Malaysian news agency Bernama.
The private road allows motorists to access Resorts World Genting and other destinations in the mountainous terrain popular with domestic and foreign tourists.
? Why Genting Berhad share price is going up today??
Genting Berhad’s share price spiked because of a mix of strong positive factors — both from the market outlook and from technical indicators that show investors are getting more confident.
US Federal Reserve cut interest rates several times this year, making borrowing cheaper and encouraging global investors to buy into strong companies like Genting.
Ringgit strengthened against the US dollar, which benefits Genting because many of its big earnings (from Resorts World Las Vegas and New York) are in US dollars. When the USD earnings are converted to Ringgit, the company’s real profit in RM looks higher.
Tourism and gaming recovery is strong across Asia — Singapore, Malaysia, and the US are seeing more travellers and higher spending. This lifts Genting’s casino and resort business revenue.
New growth drivers ahead — Genting has large undeveloped land around its Las Vegas resort, major upgrades at Resorts World Sentosa 2.0 in Singapore, and steady progress toward the New York full-casino license (a huge potential profit catalyst).
Together, these feel-good stories make investors believe Genting’s future looks bright, which pushes the share price higher.
? 2️⃣ Technical indicators turning bullish
Even on the technical side, Genting’s chart looks strong:
MACD (Moving Average Convergence Divergence) — the MACD line has crossed above the signal line and is moving upward. This is a classic sign that buying momentum is growing.
DMI (Directional Movement Index) — the positive DMI (+DI) is climbing above the negative DMI (–DI), showing buyers are now clearly stronger than sellers.
Both indicators together suggest a bullish trend, meaning more traders expect prices to continue rising in the near term.
? 3️⃣ What this means in simple words
Genting Berhad is riding on strong fundamentals, improving global conditions, and positive technical momentum.
Investors are more confident, more funds are flowing in, and short-term traders see clear “buy signals” on the chart — all combining to lift the share price sharply today.
USD/MYR rate of ~ 1 USD = MYR 4.159637 and assuming the rate moves from a weaker MYR (say USD = MYR 4.30) to the stronger rate, we can estimate potential savings/gains for USD-denominated debt.
So because of the rate move, GENM could have ~ MYR ≈ 400 million reduction in the MYR equivalent debt cost (or potential translation benefit) assuming all debt is USD and no hedging etc.
Given they already posted ~RM 601.8 million gain in one quarter, this ballpark seems reasonable.
Resorts World Las Vegas has 40 acres of undeveloped land
The site is located on the northern end of the Las Vegas Strip and is seen as a major opportunity for future development given its size, prime location and the fact that much of the surrounding north Strip has been under-developed historically.
Here are some of the key speculative concepts being floated in the market and in media commentary:
Additional hotel towers / room capacity – Since RWLV is “entitled for up to 10,000 rooms”, one obvious expansion path is the construction of more hotel towers beyond the current room count. (RWLV currently has ~3,500 rooms).
Entertainment / sports arena – In commentary about the north Strip, one of the “game-changer” ideas mentioned is a sports arena (15,000-20,000 seats) that could anchor traffic. RWLV’s land is specifically cited as a potential landing spot for such an arena.
Mixed-use development – Mixed uses such as retail, restaurants, entertainment venues, perhaps office or other non-casino amenities are very likely given the large land holdings.