From Surf Wiki (app.surf) — the open knowledge base

Galaxy Entertainment Group

Macao hotel and casino operator

Field	Value
name	Galaxy Entertainment Group
logo_size	200px
native_name	銀河娛樂集團
native_name_lang	zh
type	Public
traded_as
foundation
founder	Lui Che-woo
location	Hong Kong
key_people	Francis Lui (Chairman & CEO)
area_served	Global
industry	Hospitality, tourism
products	Gambling, hotels, entertainment, casinos, resorts
revenue	51 billion (2015)
owner	Che Woo Lui
Francis Lui Yiu Tung
website

Francis Lui Yiu Tung Galaxy Entertainment Group (GEG; ) is a company that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.

History

The company, known formerly as K. Wah Construction Materials, disposed of its construction material business and became the only Hong Kong-listed company to hold an operating license in Macao in 2005 by acquiring a 97.9% stake in Galaxy Casino SA.

In February 2020 the company confirmed it had withdrawn from its bidding in Osaka and would instead focus on other licenses in Japan, including Yokohama among others. After its Macau casinos were closed that month for the COVID-19 outbreak as well as other casinos, the company said it would return to full capacity only after guest demand had increased.

Properties

The company owns the following casinos and hotels in Macau:

The StarWorld Macau (Macau Peninsula)
CityClub casinos (Macau Peninsula)
- Waldo Casino
- President Casino
- Rio Casino
Broadway Casino (Cotai)
The Galaxy Macau (Cotai)

Business areas

The principal activities of Galaxy Entertainment and its subsidiaries are operation in casino games of chance or games of other forms, provision of hospitality and related services in Macau, and the manufacture, sale and distribution of construction materials in Hong Kong, Macau and Mainland China.

It operates in two segments: gaming and entertainment, and construction materials.

Ownership structure

Galaxy Entertainment Group is ultimately controlled by the Lui Family of Hong Kong, which has a combined interest of 50.3%. This family has a direct interest of 8.6% in GEG and an indirect interest of 41.7% via the Lui Family Trust and Hong Kong listed K Wah International.

References

"K. Wah joins Galaxy of gaming market".
[https://www.asgam.com/index.php/2020/02/17/galaxy-entertainment-group-confirms-osaka-withdrawal-reaffirms-commitment-to-japan/ asgam.com]
[https://calvinayre.com/2020/02/18/casino/galaxy-entertainment-group-still-wants-japan-ir-after-osaka-failure/ calvinayre.com]
[https://macaudailytimes.com.mo/casinos-confirm-phased-openings-only.html macaudailytimes.com]
"Galaxy Entertainment (27)-Initiate OW(V): A company transformed".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

hospitality-companies-of-hong-kong companies-listed-on-the-hong-kong-stock-exchange companies-in-the-s&p-asia-50 companies-of-macau hospitality-companies-established-in-1988 hong-kong-brands gambling-companies-of-macau

Want to explore this topic further?

Ask Mako anything about Galaxy Entertainment Group — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report