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In February 2020 the company confirmed it had withdrawn from its bidding in Osaka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 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 ...
, 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 ...
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 ]
See also
* List of companies of Hong Kong
Hong Kong is an autonomous territory of the People's Republic of China on the Pearl River Delta of East Asia. Hong Kong is one of the world's most significant financial centres, with the highest Financial Development Index score and consisten ...
*Gambling in Macau
Gambling in Macau has been legal since the 1850s when the Portuguese government legalised the activity in the autonomous colony. Since then, Macau has become known worldwide as the "Gambling capital of the world" or "Monte Carlo of the East". ...
*Gambling in Hong Kong
The Gambling Ordinance was enacted in 1977 to regulate gambling in Hong Kong. People are allowed gamble for leisure and entertainment within these regulations at a limited number of authorized outlets. Social gambling is still allowed.
Legality
T ...
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