• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 3 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Eyes on the Prize

Newsdesk by Newsdesk
Tue 11 Mar 2014 at 08:46
2
SHARES
41
VIEWS
Print Friendly, PDF & Email

Galaxy’s founder talks global expansion

Galaxy Entertainment Group Chairman Lui Che Woo has set his sights on casino acquisitions in the US and is looking to invest in a big way on Hengqin Island as he maps his gaming empire’s expansion beyond Macau.

The 84-year-old construction magnate, reputed to be the richest person in Asia after Hong Kong property tycoon Li Ka Shing, has about US$10 billion on the table in Macau, where the company’s flagship, the 2,000- room Galaxy Macau on Cotai, is expanding with $2.5 billion worth of new hotel and gaming space and non-gaming attractions slated to open next year.

Bloomberg Billionaires Index pegs Mr Lui’s net worth at US$23 billion, anchored by his family’s 51% stake in GEG, whose Hong Kong-listed stock more than doubled in price last year.

The company’s Cotai land bank is the largest in the market at an estimated 2 million square meters, which would permit a quadrupling of the size of Galaxy Macau by 2018; more than $7 billion has been  earmarked for that purpose.

Looking across Cotai at neighboring Hengqin, Mr Lui told Bloomberg News he might plow upwards of $1.3 billion into nongaming hotels and sports-related facilities there.

 

 

“We don’t miss out on great opportunities,” he said. “We’d love to expand, especially after our resorts have proved to be successful.” 

That could include casinos in the US to add to the six the company operates in Macau, he said. His holdings already include 13 US hotels, seven Hiltons among them.

Japan and Taiwan also figure prominently on Galaxy’s radar. Mr Lui’s eldest son, Francis, who runs the gaming side as deputy chairman, has said the company is prepared to invest at least $2.6 billion in resort casinos in each of those markets.

Mr Lui, who never finished high school, said he plans to set up a charity foundation to fund schools and universities in China. He has funded scholarships, teaching and research centers at universities in Hong Kong and China, including Fudan University in Shanghai, Chinese University of Hong Kong and the University of Macau. In 2005, he pledged HK$45 million (US$5.7 million) to help build and renovate 150 primary schools on the mainland. 

“What can I do if I retire, watch the sun rise and set?” he told Bloomberg. “I want to do something meaningful. I don’t want to just sit there waiting to die.”

 

RelatedPosts

The Japan IR Industry: A Golden Opportunity Squandered

The Japan IR Industry: A Golden Opportunity Squandered

Sat 8 Jan 2022 at 01:03
International Ladies Club of Macau to host springtime charity party this weekend

International Ladies Club of Macau to host springtime charity party this weekend

Wed 14 Apr 2021 at 04:48
Castle in the Sky

OPINION: Is Osaka’s RFP extension really about fairness?

Thu 1 Apr 2021 at 06:48
France honors Galaxy boss Francis Lui for contribution to promotion of French arts and culture

France honors Galaxy boss Francis Lui for contribution to promotion of French arts and culture

Thu 11 Mar 2021 at 05:16
Load More
Tags: GalaxyLi ka shing
Share1Share
Newsdesk

Newsdesk

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside Asian Gaming to discuss the company’s evolution into a true industry titan during his 30-year tenure. He recounts how Angel...

Macau’s IP Economy

Macau’s IP Economy

by Pierce Chan
Thu 31 Jul 2025 at 02:01

As Generation Z – those born between 1995 and 2010 – gradually becomes the main force in consumption, the IP economy has risen rapidly in mainland China. The Macau government is also seizing on this trend, introducing a series of...

Keeping it local

Keeping it local

by Newsdesk
Thu 31 Jul 2025 at 01:48

Melco’s House of Dancing Water provides the company a unique opportunity to help develop and nurture local talent while enabling that talent to learn from the world’s best. Melco Resorts & Entertainment’s reimagined House of Dancing Water debuted at City...

7 Deadly Sins

7 Deadly Sins

by Newsdesk
Thu 31 Jul 2025 at 00:28

Global betting company 1xBet threw a memorable party in Manila in June, featuring as brand ambassador none other than world-renowned actress and model Eva Elfie. On 3 June, global betting company 1xBet hosted a private interactive event for its top...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English