Lui Che-Woo

Macau's casino boom propels Lui Che-woo to No 2 on Hong Kong's rich list

Lui Che-woo more than doubled his wealth for a second year. Photo: SCMP

Galaxy Entertainment chairman Lui Che-woo has ridden Macau's casino boom to become Hong Kong's second-richest person, according to Forbes magazine.

Friday, 10 January, 2014, 4:55am 8 comments

Monday Face: Lui Che-woo

Chariman of K Wah Group and Galaxy Entertainment Group, Lui Che-woo at last year's Galaxy Macau Resort opening. Photo: Jonathan Wong

If you are not familiar with the industry, don't do the business - so goes the Chinese idiom intended as a warning to potential entrepreneurs not to start a business in unfamiliar industry and so avoid failure.

10 Dec 2012 - 1:51pm

Clearer air at the end of the tunnel at last

Regina Ip

For someone who has been bellyaching about Hong Kong's air quality for the past 18 months, and for the NGOs that have been at it for much longer, it was music to the ears to hear the environment secretary say air quality - roadside pollution, in particular - was to be a priority for his department.

23 Sep 2012 - 12:01pm

Galaxy aiming for the stars

You might expect casino billionaires to experience their properties differently from the thousands of others who pass through the doors each day.

Take Galaxy Entertainment vice-chairman Francis Lui Yiu-tung, 55, who spent a recent weekend with his wife in the presidential suite of the Okura Hotel within his five-month-old, HK$16.5 billion Cotai resort complex.

31 Oct 2011 - 12:00am

VIP players help Galaxy win big

Macau gaming operator Galaxy Entertainment Group posted a sharp growth in earnings in the first quarter of this year thanks to a big rise in VIP gaming and a 97 per cent hotel occupancy rate.

21 Apr 2011 - 12:00am

Chairman builds a rock-solid foundation

Lui Che-woo, chairman of KWah Group, has been named this year's Business Person of the Year in the DHL/SCMP Hong Kong Business Awards held at the Grand Hyatt.

His latest triumph is the culmination of a series of important business deals - spearheaded by Dr Lui - which has earned the group significant profits this year compared to previous years.

7 Dec 2007 - 12:00am

Coffin a 'sick joke'

Police were last night trying to locate those responsible for placing a home-made 'coffin' bearing the name Lui Che-woo, chairman of the listed company, K. Wah International Holdings Ltd, inside what is believed to be a stolen van found abandoned outside Mr Lui's hotel in Mody Road, Tsim Sha Tsui, at dawn yesterday.

6 Apr 2001 - 12:00am

Shareholder reduces stake

The substantial shareholder of K. Wah Construction Materials, Lui Che-woo, has reduced his stake in the company to 7.01 per cent from 16.96 per cent by placing 77 million shares to private and institutional investors at $1.30 each. Mr Lui, who does not plan to lower his holding further, will generate $100.1 million from the sale.

27 Jun 1997 - 12:00am

Hotel owners urge caution

THE Government should exercise caution in releasing sites for hotel development to guard against over-supply of hotel rooms, Federation of Hong Kong Hotel Owners chairman Lui Che-woo says.

23 Mar 1995 - 12:00am