Galaxy Entertainment Group ("GEG") ( is a company that owns and operates hotels and casinos in

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

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 Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

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 gaming license in Macao jointly, but the two had since split and decided to run their gaming business separately. In February 2020 the company confirmed it had withdrawn from its bidding in

Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of 2. ...

and would instead focus on other licenses in Japan, including

Yokohama is the second-largest city in Japan by population and the most populous municipality of Japan. It is the capital city and the most populous city in Kanagawa Prefecture, with a 2020 population of 3.8 million. It lies on Tokyo Bay, south of To ...

among others. 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.

Properties

The company owns the following casinos and hotels in Macau: * The StarWorld Macau (

Macau Peninsula The Macau Peninsula is the most populous and historical part of Macau. It has an area of () and is geographically connected to Guangdong Province at the northeast through an isthmus wide. The peninsula, together with downtown Zhuhai, sits o ...

) * CityClub casinos (Macau Peninsula) **Waldo Casino **President Casino **Rio Casino * Broadway Casino (

Cotai Cotai (; pt, Zona do Aterro de Cotai) is a piece of newly reclaimed land on top of Seac Pai Bay between Taipa and Coloane islands in Macau, that has made two independent islands become one island, since 2005. The word (a portmanteau of Coloan ...

) * The

Galaxy Macau Galaxy Macau (, Portuguese: Galáxia Macau) is a casino resort located in Cotai, Macau, SAR of People's Republic of China. Construction on the Cotai project began in 2002. Its opening was rescheduled several times. Its developer, Galaxy Ente ...

(Cotai)

Galaxy Stars

Jeremy Chan Jeremy Chan Ming Yuew (; born 17 July 1981) is a Singaporean actor and host. He was awarded best comedy performance in AACA. Early life Chan was educated in Zhangde Primary School and Saint Thomas Secondary School. He graduated from ITE Col ...

(田铭耀) - Actor

Business areas

The principal activities of Galaxy Entertainment and its subsidiaries are operation in

casino games Games available in most casinos are commonly called casino games. In a casino game, the players gamble cash or casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, wher ...

of chance or games of other forms, provision of

hospitality Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis de Jaucourt, Louis, chevalier de J ...

and related services in Macau, and the manufacture, sale and distribution of

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

materials in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater 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.http://pg.jrj.com.cn/acc/Res/HK_RES/STOCK/2011/5/30/0cc6fcc1-c123-4a34-ac26-ac92104a2966.pdf

References

External links

*
Galaxy Entertainment Group
{{Hang Seng Index Hospitality companies of Hong Kong Companies listed on the Hong Kong Stock Exchange Companies of Macau Hospitality companies established in 1988 Hong Kong brands