Galaxy Entertainment Group (GEG; ) is a company that owns and operates hotels and casinos in

Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...

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 is a special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most densely populated region in the world. Formerly a Portuguese colony, the ter ...

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 In February 2020 the company confirmed it had withdrawn from its bidding in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 Cities designated by government ordinance of Japan, designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the List of cities in Japan, third-most populous city in J ...

and would instead focus on other licenses in Japan, including

Yokohama is the List of cities in Japan, second-largest city in Japan by population as well as by area, and the country's most populous Municipalities of Japan, municipality. It is the capital and most populous city in Kanagawa Prefecture, with a popu ...

among others. After its Macau casinos were closed that month for the COVID-19 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) * CityClub casinos (Macau Peninsula) **Waldo Casino **President Casino **Rio Casino * Broadway Casino ( Cotai) * The Galaxy Macau (Cotai)

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 of a host towards a guest, wherein the host receives the guest with some amount of goodwill and welcome. This includes the reception and entertainment of guests, visitors, or strangers. Louis de Jaucourt, Louis, ...

and related services in Macau, and the manufacture, sale and distribution of

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

materials in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

and

Mainland China "Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...

. 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

References

External links