stooocks.com

Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.

Genting Malaysia Berhad

Malaysia · Bursa Malaysia: GENM.KL · Market cap: · P/E: · P/S:

Genting Malaysia runs casinos, hotels, and theme parks, mostly at its big hilltop resort in Malaysia, and makes money from people gambling, sleeping, eating, and playing there.

Genting Malaysia is a leisure and gambling company. Its flagship is Resorts World Genting, a sprawling resort perched about 1,700 meters up in the mountains at Genting Highlands, roughly an hour's drive from Kuala Lumpur. People ride a cable car up the mountain to gamble in its casinos, stay in its hotels, eat at its restaurants, shop, and take their kids to its theme parks. It is one of only two casino operators licensed in Malaysia, which gives it a rare and valuable position.

The business earns money in two main ways. First, the casino: customers buy chips and place bets, and the house keeps the difference between what winners take home and what losers pay in over time — the "house edge." Second, everything around the casino: hotel rooms, food and drink, shopping, and theme parks. The resort is designed so that gambling pulls people in and all the other spending piles on top. Outside Malaysia, it also runs casinos and resorts in the UK, Egypt, the Bahamas, the US, and other spots, though the Malaysian resort is the heart of the company. Genting Malaysia is part of the wider Genting group, founded by the late Lim Goh Tong, a Malaysian businessman who built the mountain resort from scratch starting in the 1960s and turned a remote jungle hilltop into a cash machine. The group also includes Genting Berhad, the parent, and Genting Singapore, which runs Resorts World Sentosa. The Malaysian arm has spent heavily in recent years upgrading the resort — new theme parks, hotel renovations, and a refreshed casino floor — to keep visitors coming as regional competition heats up.


That competition is the big risk. Casinos in Singapore, Macau, the Philippines, and elsewhere are chasing the same gamblers, and Malaysia's gaming market is tightly regulated and sensitive to any tax or licensing changes. The resort is also exposed to swings in tourism and consumer spending. Still, the mountain resort is hard to copy: the license, the location, and decades of brand recognition give Genting Malaysia a moat that few rivals can match.

Saved answer · last researched 15 Nov 2026