Lui Che Woo
Lui established the first K. Wah company in Hong Kong in the 1950s ，include K. Wah International Holdings Ltd. (Stock code: 173.HK), Galaxy Entertainment Group (HKSE: 27.HK).
Lui Che Woo, GBM, MBE, JP (b. 9 August 1929, Jiangmen, China) is a member of the Standing Committee of the Chinese People’s Political Consultative Conference, Jiangmen, People’s Republic of China and is a Hong Kong gambling magnate, founder and chairman of listed firms Galaxy Entertainment Group and K. Wah International Holdings Ltd. In January 2014, he was reported to be worth US$21 billion and ranked the second richest man in Hong Kong.
Lui established the first K. Wah company in Hong Kong in the 1950s. Its major member companies include K. Wah International Holdings Ltd. (Stock code: 173.HK), Galaxy Entertainment Group (HKSE: 27.HK), Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah has developed into a multi-national conglomerate involving gambling, property, entertainment & leisure, construction materials and hotels, with over 200 subsidiaries and more than 33,000 employees in Hong Kong, mainland China, Macau, North America and South-East Asia.
In the 1960s, Lui branched out from construction materials to property investment. The 1980s marked entry into hotel development and expansion into mainland China the next decade. In 2002, he ventured into Macau’s gaming business and his business became one of the six gaming concessionaires in Macau.
In May 2011, Galaxy Entertainment Group Limited opened the $2 billion Galaxy Macau casino and hotel in Macau with 2,200 rooms, 50 restaurants, 450 gambling tables, an artificial beach and a wave pool.
In recognition of his support for education and contributions to worthwhile causes, Dr Lui has been conferred with a number of honourary degrees. In 2001, he was awarded the degree of Doctor of Laws, Honoris Causa by the University of Victoria. In 2002, Dr Lui was conferred the degree of Doctor of Social Science, Honoris Causa, by the Chinese University of Hong Kong and an Honorary University Fellowship by the University of Hong Kong. In 2004, he was awarded the degree of Honorary Doctor of Laws by Concordia University in 2004.In 2005, Dr Lui was awarded the degree of Doctor of Business Administration, Honoris Causa, by the Hong Kong Polytechnic University in 2005, as well as the degree of Doctor of Social Sciences, Honoris Causa, by the University of Hong Kong in 2016.No tags for this post.