https://www.scmp.com/rss/521565/feed Chairman, Galaxy Entertainment Group Lui, trained as a civil and structural engineer at the University of California at Berkeley, joined Galaxy in 1979. He has been an executive director of the company since June 1987 before being promoted to Deputy Chairman in 1997. He was named Chairman of the group in December 2024, succeeding his father Lui Che-woo who passed away a month earlier. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Matthew Cheng,Lam Ka-sing Matthew Cheng,Lam Ka-sing Hong Kong tycoons have expressed confidence in the Middle East’s economic outlook amid continued strikes by the United States and Israel on Iran and Tehran’s retaliatory attacks, stressing that the city’s economy is unlikely to be affected. Speaking to the media in Beijing on the sidelines of the “two sessions” – the nation’s annual parliamentary meetings – on Wednesday, Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development, said the Middle East’s economic... https://www.scmp.com/news/hong-kong/politics/article/3345468/hong-kong-tycoons-downplay-impact-middle-east-war-citys-fortunes?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3345468/hong-kong-tycoons-downplay-impact-middle-east-war-citys-fortunes?utm_source=rss_feed Wed, 04 Mar 2026 14:11:22 +0000 Peggy Sito Peggy Sito A shortage of hotel rooms is hindering Macau’s growth, and further policy breakthroughs to facilitate the development of nearby Hengqin Island – three times the size of Macau – are needed to solve the problem, according to the chairman of Galaxy Entertainment Group. “As Macau shifts towards a more mass-market and event-focused model, the question of hotel rooms must be addressed,” said Francis Lui Yiu-tung in a briefing with Hong Kong reporters on Monday. With visitor arrivals growing, demand... https://www.scmp.com/business/companies/article/3312768/macaus-galaxy-boss-hotel-shortage-must-be-addressed-hengqin-island-policy?utm_source=rss_feed https://www.scmp.com/business/companies/article/3312768/macaus-galaxy-boss-hotel-shortage-must-be-addressed-hengqin-island-policy?utm_source=rss_feed Mon, 02 Jun 2025 11:30:08 +0000 Peggy Sito Peggy Sito In the third part of our series on Macau’s integrated resort operators, Peggy Sito looks at how Galaxy Entertainment Group’s new chairman Francis Lui is forging partnerships with global hotel chains and building non-gaming facilities to help lead Macau towards economic diversification. Read the previous instalments on Wynn and Sands China. The late afternoon sun had sunk into early twilight before Francis Lui Yiu-tung could extract himself from several back-to-back planning meetings to conduct... https://www.scmp.com/business/companies/article/3298733/how-galaxys-new-hands-boss-building-macaus-holistic-next-phase?utm_source=rss_feed https://www.scmp.com/business/companies/article/3298733/how-galaxys-new-hands-boss-building-macaus-holistic-next-phase?utm_source=rss_feed Sat, 15 Feb 2025 02:00:20 +0000 Enoch Yiu Enoch Yiu Macau casino and resort operator Galaxy Entertainment Group has named Francis Lui Yiu-tung, the eldest son of the recently deceased tycoon Lui Che-woo, as its new chairman with immediate effect. The board believes Francis Lui, who formerly was deputy chairman, “will continue to bring satisfying benefits and positive impact on the development of the group’s businesses”, the company said in a filing to the Hong Kong stock exchange on Friday. The elder Lui, who rose from humble beginnings selling... https://www.scmp.com/business/companies/article/3290739/galaxy-entertainment-appoints-founder-lui-che-woos-eldest-son-chairman?utm_source=rss_feed https://www.scmp.com/business/companies/article/3290739/galaxy-entertainment-appoints-founder-lui-che-woos-eldest-son-chairman?utm_source=rss_feed Fri, 13 Dec 2024 11:46:41 +0000 Yulu Ao Yulu Ao Scores of businessmen, politicians and family friends turned up at a memorial service in Macau to pay their final respects to the late Lui Che-woo, the Hong Kong property and casino magnate who died on November 7 at the age of 95. Elsie Ao Ieong, Macau’s Secretary for Social Affairs and Culture, and José Maria da Fonseca Tavares, the president of the city’s Municipal Affairs Bureau, were among those who gathered to honour Lui’s life and achievements. The memorial at the Galaxy International... https://www.scmp.com/business/china-business/article/3288386/farewell-macau-lui-che-woo-casino-tycoon-who-founded-galaxy-entertainment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3288386/farewell-macau-lui-che-woo-casino-tycoon-who-founded-galaxy-entertainment?utm_source=rss_feed Wed, 27 Nov 2024 11:29:42 +0000 Kahon Chan Kahon Chan Former top Macau judge Sam Hou-fai has received clearance from local authorities to run for office in next month’s chief executive election. The gaming hub’s Electoral Affairs Commission said on Wednesday the bid of the former head of the Court of Final Appeal to run for the top job – with his 386 nominations – had cleared an admissibility review. The commission said Macau’s committee for safeguarding national security had also cleared Sam for his abilities to uphold the Basic Law, Macau’s... https://www.scmp.com/news/hong-kong/politics/article/3278964/macau-national-security-committee-clears-former-top-judge-sam-hou-fai-stand-election?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3278964/macau-national-security-committee-clears-former-top-judge-sam-hou-fai-stand-election?utm_source=rss_feed Wed, 18 Sep 2024 04:42:52 +0000