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Genting Malaysia is poised for a potential financial uplift in 2026 as fresh cost restructuring efforts at its Empire Resorts division appear to yield promising results. According to Maybank Investment Bank, the revised cost structure could raise Genting Malaysia’s earnings by up to 24%, signaling a major strategic win for the company’s U.S. operations.

The crux of this improvement lies in a streamlined expense base that eliminates interest payments and lease obligations to Empire Property & Resorts (EPR). These changes are expected to significantly enhance Empire’s operational efficiency.

Elsewhere in Genting Malaysia’s restructuring efforts, a major move involves the disposal of non-gaming assets in New York, aimed at wiping out Empire Resorts’ U.S.$300 million bond due in late 2026. This decisive step is intended to position the subsidiary as debt-free, bolstering its long-term financial footing and enabling more focused operational investment.

This strategy builds upon the company’s complete takeover of Empire Resorts. Earlier this year, Genting Malaysia secured full control through a deal valued at approximately US$80.7 million—comprising US$41 million in cash and the assumption of a US$39.7 million intercompany loan. The acquisition covers properties including Resorts World Catskills, Resorts World Hudson Valley, and the sports betting platform Resorts World Bet.

The shift to full ownership permits Genting Malaysia to directly oversee key financial operations and unlock synergies across its U.S. portfolio. However, the acquisition has drawn scrutiny for its hefty valuation and the substantial debt load Genting assumed. Analysts have warned of short-term strain despite the long-term potential.

Taken together, Genting Malaysia’s multi-pronged restructuring—comprising cost trimming, asset divestment, and full ownership—suggests a strong strategic pivot to rejuvenate its financials. If realized, the projected 24% boost in 2026 earnings could mark a meaningful turnaround, increasing investor confidence and reinforcing the company’s resilience in a competitive global gaming market.