Galaxy Entertainment Group
| Company type | Public |
|---|---|
| Industry | Casino, Hospitality, Construction materials |
| Founded | 1988 |
| Headquarters | Hong Kong , Hong Kong |
| Products | Casinos, Hotels, Construction materials |
| Owner | Lui Family (50.3%) |
| Website | www |
Galaxy Entertainment Group (GEG; ) is a Hong Kong-based publicly listed corporation that operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.
History
The company was initially known as K. Wah Construction Materials before it transitioned away from the construction materials sector. In 2005, it acquired a 97.9% ownership in Galaxy Casino SA, becoming the sole Hong Kong-listed enterprise with an active gaming license in Macau. This transaction stood out due to its magnitude and intricacy. At first, Galaxy and Venetian Macao intended to manage their gaming licenses jointly; however, they eventually opted to operate independently.
In February 2020, Galaxy Entertainment decided to withdraw its bid for a casino license in Osaka, Japan, choosing instead to concentrate on other Japanese markets such as Yokohama. After the temporary closure of its Macau casinos amid the COVID-19 pandemic that same month, the company announced that full reopening would occur only when customer demand sufficiently rebounds.
Properties
The Macau assets under Galaxy Entertainment include:
- The StarWorld Macau (Macau Peninsula)
- CityClub casinos (located on Macau Peninsula):
- Waldo Casino
- President Casino
- Rio Casino
- Broadway Casino (Cotai)
- The Galaxy Macau (Cotai)
Business areas
Galaxy Entertainment primarily engages in casino gaming and hospitality services within Macau. Additionally, it retains a division dedicated to the production, marketing, and distribution of construction materials throughout Hong Kong, Macau, and Mainland China. The enterprise’s operations are mainly divided into two segments: gaming and entertainment, and construction materials.
Ownership structure
The Lui Family of Hong Kong holds controlling interest in Galaxy Entertainment Group, collectively owning 50.3% of the company. This includes an 8.6% direct stake and a 41.7% indirect share through the Lui Family Trust and K Wah International, which is listed on the Hong Kong Stock Exchange.
See also
- List of companies of Hong Kong
- Gambling in Macau
- Gambling in Hong Kong
- List of integrated resorts
- List of casino hotels