Galaxy Rio Casino
| Type | Public |
|---|---|
| SEHK: 27 | |
| Industry | Hospitality, Tourism |
| Founded | 1988; 33 years ago |
| Founder | Lui Che Woo |
| Headquarters | Hong Kong |
Area served | Global |
| Francis Lui (Chairman & CEO) | |
| Products | Gambling, Hotels, Entertainment, Casinos, Resorts |
| Revenue | HK$51 billion (2015) |
| Owner | Lui Che Woo Francis Lui Yiu Tung |
| Website | Galaxy Entertainment Group |
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. The deal was described as akin to 'a snake trying to swallow an elephant'. Galaxy and Venetian Macao had originally planned to run their.
Galaxy Entertainment Group ('GEG') (Chinese: 銀河娛樂集團 is a company listed on the Hong Kong Stock Exchange (SEHK: 27) that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.
- “Rio is a Las Vegas destination gem and, by all measures, one of the highest-quality and best managed companies in our business,” then-Harrah’s Chairman Phil Satre said of the deal.
- Galaxy Casino & Hotels Macau. Divided into five parts, the gambling establishment provide more than 600 traditional table games in addition to 1 200 slots machines. The Galaxy Hotel Macao is a 5-star 0 reviews. Galaxy Macau, COTAI,-Macau. See this casino.
- All poker lovers know The Rio All Suite Hotel & Casino in Las Vegas as the home of the World Series of Poker®. The World Series of Poker® is the largest, richest and most prestigious gaming event in the world, having awarded more than $2 billion in prize money and the prestigious gold bracelet, globally recognized as the sport’s top prize.
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History[edit]
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.[1] The deal was described as akin to 'a snake trying to swallow an elephant'.[1] Galaxy and Venetian Macao had originally planned to run their gaming license in Macao jointly, but the two had since split and decided to run their gaming business separately.[1]
In February 2020 the company confirmed it had withdrawn from its bidding in Osaka and would instead focus on other licenses in Japan, including Yokohama[2] among others.[3] After its Macau casinos were closed that month for the Corvid outbreak as well as other casinos, the company said it would return to full capacity only after guest demand had increased.[4]
Properties[edit]
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 Strip)
- The Galaxy Macau (Cotai Strip)
Galaxy Stars[edit]
- Jeremy Chan (田铭耀) - Actor
Business areas[edit]
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[edit]
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.[5]
See also[edit]
References[edit]
- ^ abcChugh, Paresh; Chan, Sammy. 'K. Wah joins Galaxy of gaming market'. Chinadaily.com.cn. Retrieved 6 January 2017.
- ^asgam.com
- ^calvinayre.com
- ^macaudailytimes.com
- ^[1]
External links[edit]
- Business data for Galaxy Entertainment Group:
Galaxy Rio Casino Entertainment
Galaxy Rio Casino Hotel
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