Company: Galaxy Entertainment Group
Mr. Francis Lui Yiu Tung, aged 61, joined the Group in 1979.He has been an executive Director of the Company since June 1987 and is the Deputy Chairman and a member of each of the Executive Board, Nomination Committee and Remuneration Committee as well as the Chairman of Corporate Governance Committee of the Company.Mr. Lui is also an executive director of K. Wah International Holdings Limited. He holds a bachelor of science degree in civil engineering and a master of science degree in structural engineering from the University of California at Berkeley, USA.Mr. Lui is a member of the National Committee of the Chinese People’s Political Consultative Conference, a member of the Election Committee of the HKSAR and a member of the Chief Executive Election Committee of Macau SAR. He is also a director of the 68th Term of Macao Chamber of Commerce and an Honorary Chairman of the 18th Term of Kiang Wu Hospital Charitable Association. Mr. Lui was awarded the Medal of Merit – Tourism by Macau SAR in 2012 and Asia Pacific Entrepreneurship Awards 2014 – Entrepreneur of the Year by Enterprise Asia in 2014. Mr. Lui is a son of Dr. Lui Che Woo and a younger brother of Ms. Paddy Tang Lui Wai Yu.
Macau casino operator Galaxy Entertainment Group has confirmed that it is planning on opening a casino resort in Philippines, Bloomberg reports. Rumors that the company was looking to expand its gaming business in the Philippines came about in August after a subsidiary of Galaxy Entertainment Group, Galaxy Casino reportedly chose Negros Occidental Rep. Alfredo “Albee” […]
Influential industry speakers are set to address attendees at this year’s Global Gaming Expo Asia (G2E Asia). Francis Lui, deputy chairman of the Galaxy Entertainment Group, will provide opening remarks at 9:30am on May 16. The conference program includes other industry experts who will address: Status and projections for the Asian market; Integrated Resort products […]
Macau gambling operator, Galaxy Entertainment Group is looking to enter the heated battle over one of Japan’s casino licenses with the help of Monaco’s Societe des Bains de Mer, SCMP reports. “We see loads of potential in the Japanese market and aim to win a casino license there in cooperation with Societe des Bains de […]
Galaxy Entertainment Group Deputy Chairman Francis Lui Yiu Tung says his company has studied plans for a casino in the Japanese cities of Osaka and Tokyo and is confident of obtaining a license. In an interview published in Hong Kong Economic Times, he said the operator will need to wait for confirmation of the timetable […]
Macau’s gaming slump will not affect Galaxy’s plans to develop its Phase III and IV projects, said Galaxy Entertainment Group’s vice chairman, Francis Lui Yiu Tung. In an interview with Macau Daily, Lui said the company is sticking to its original schedule, with Phase III kicking off at the end of the year and Phase […]
Galaxy Entertainment Group Ltd’s deputy chairman Francis Lui Yiu Tung believes VIP gaming has already stabilized in Macau, and “the worst is already over,” according to remarks made to Hong Kong media. Lui said the weaker performing VIP operators in Macau have already been squeezed out, after promoters went down from 300 in the golden […]
The chairman of Galaxy Entertainment, Francis Lui, said Macau’s gaming market has “stabilized” and that the situation there has “calmed down.” In an interview with the British Broadcasting Corporation on China’s slowing economy, Lui said, “I think the situation [in Macau] has already calmed down. It has stabilised. I am optimistic that in one year […]
Galaxy Entertainment Group reported half year revenue of $25.4 billion, down 34 percent year-on-year, on the back of “bad luck.” The company’s adjusted EBITDA for the period was $4.2 billion, down 43 percent year-on-year. Half year net profit attributable to shareholders was $2.0 billion, down 66 percent year-on- year including $1.0 billion of non-recurring charges. […]
Gambling at Galaxy’s recent expansion has been weaker than expected, chairman Lui Che Woo told reporters in Hong Kong after the company’s annual general meeting. According to Bloomberg, business at Galaxy Phase II, which opened last month as the first new casino projects in three years, “is satisfactory, but not as good as what we […]
Galaxy Entertainment Group’s deputy chairman said he is hopeful the company will bounce back after recent financial results, pinning future success on two new resorts due to open in May. After the company reported that earnings fell 25 percent in the fourth quarter, deputy chairman Francis Lui said the second half of the year – […]
Galaxy Entertainment has bought a stake of just under 5 percent in Wynn Resorts from the company’s founder Steve Wynn, calling the purchase a “unique investment opportunity.” The Macau-based operator bought a total of 5.3 million shares at $175, resulting in gross proceeds of $927.5 million to Wynn. Steve Wynn also sold a further 4.1 […]
Galaxy Entertainment announced on Monday its “Japan-Macau Integrated Resort Management Mentorship Pilot Scheme,” a partnership with Toyo University to educate Japanese students about IR management, looking forward to the development of the new industry in the mid-2020s. The press release noted that “the Mentorship Scheme is intended to identify and give the coming generation of […]
No casinos, either new or existing will be allowed on the island of Boracay once it reopens after a tourism ban to reverse environmental damage, Tourism Secretary Bernadette Romulo-Puyat was cited as saying at a conference in Manila.
Francis Lui, vice chairman of Galaxy Entertainment Group (GEG), was honored as the most influential person in Asia’s gaming industry at the 12th Inside Asian Gaming Power 50 Gala Dinner on Friday. Mr. Kevin Kelly, Chief Operating Officer – Macau of GEG also made the Asian Gaming Power 50 list. Mr. Lui said, “I am […]
Galaxy Entertainment Group Vice-Chairman Francis Lui released a statement on Thursday revealing that his company had participated in RFIs or RFCs in eight Japanese cities and prefectures, and was preparing a ninth.
Galaxy Entertainment announced on Monday its withdrawal from consideration for an IR license in partnership with the government of Osaka for the Yumeshima location. The statement, issued in the name of Galaxy Vice-Chairman Francis Lui, indicated that “after deep reflection we decided at this time that our focus should be on other potential locations in […]