Genting Malaysia Secures Financing for Resorts World New York City Expansion Project

Genting Malaysia has confirmed that financing stands in place for the full $5.5 billion expansion of Resorts World New York City, with $4.4 billion allocated specifically to new capital expenditure under Phase 2, and the announcement arrived through industry channels in September 2026 as construction activities moved forward from the July groundbreaking.

Project Timeline and Current Operations

Phase 1 of the expanded casino operations opened in April 2026, after which ground broke for the larger Phase 2 development in July, setting the stage for steady growth that will bring the property to a total of 6,000 gaming machines along with 800 table games by 2029, while the facility currently runs approximately 3,900 slots and 242 table games under existing arrangements.

Those numbers reflect measured scaling from the present footprint, and reports indicate the financing package covers both the immediate buildout and supporting infrastructure needed to reach those targets without interruption through the multi-year construction window.

Financing Structure and Capital Allocation

According to the latest update from Genting Malaysia, the secured funds encompass the entire $5.5 billion requirement, yet the breakdown shows $4.4 billion directed straight into Phase 2 capital expenditure, which covers major construction elements, equipment procurement, and facility enhancements that will support the increased gaming capacity.

Observers note that this level of pre-arranged capital provides clarity on funding sources, allowing project managers to maintain schedules that began after the April opening of Phase 1 operations, and the remaining portion of the overall budget addresses ancillary costs tied to the full expansion scope.

Data from the project timeline shows that the April 2026 Phase 1 opening served as the foundation for the subsequent July groundbreaking, creating a continuous development sequence that will conclude with full capacity in 2029, and the $4.4 billion capital expenditure component within the $5.5 billion total directly funds the core elements required to achieve those machine and table counts.

Market Context and Development Milestones

Resorts World New York City continues to operate its current inventory of 3,900 slots and 242 table games during the construction period, which allows revenue generation to support ongoing activities while the larger Phase 2 buildout takes shape under the secured financing arrangement announced by Genting Malaysia.

Reports from the period indicate that the $5.5 billion package addresses both the visible construction needs and the supporting systems that will integrate the expanded 6,000-machine and 800-table configuration, and the July 2026 groundbreaking marked the transition from planning to active site work following the April Phase 1 launch.

Those who've followed the project note that the financing confirmation in September 2026 arrives at a point where early construction phases are already underway, providing updated visibility into funding stability for the remaining years of development through 2029.

Conclusion

The secured financing for the Resorts World New York City expansion delivers a clear path forward for the $5.5 billion project, with the $4.4 billion Phase 2 allocation positioned to drive capacity from the present 3,900 slots and 242 tables to the planned 6,000 machines and 800 tables by 2029, and the sequence that began with the April 2026 Phase 1 opening followed by the July groundbreaking continues under these arrangements as reported in September 2026. Industry coverage and updates from New York State gaming authorities continue to track these milestones as construction proceeds.