Galaxy Leisure Group (GEG) introduced the peaceable passing of its founder and Chairman, Dr. Lui Che Woo, on November 7, 2024, on the age of 95. Dr. Lui’s dying marks the tip of an period for the corporate he started and shepherded to outstanding heights within the gaming and hospitality industries.
From humble beginnings to tycoon:
Dr. Lui Che Woo’s journey from a road vendor to a celebrated gaming tycoon is a story of extraordinary ascent. Born in 1929 right into a affluent household in Jiangmen, Guangdong, Dr. Lui moved to Hong Kong at a younger age. His formative years was marked by adversity, together with the disruption of his schooling at 13 as a consequence of regional conflicts and later, the problem of rebuilding a enterprise from scratch after the devastation of the Sino-Japanese Struggle.
All through the a long time, Dr. Lui’s sharp enterprise acumen led him to success throughout numerous sectors. After noticing a scarcity of constructing supplies throughout Hong Kong’s development increase within the late Fifties, he entered the mining business, which finally earned him the nickname “King of Quarrying.” His enterprise, Ok. Wah Group, which he based in 1955, rapidly expanded right into a multinational conglomerate with ventures in development, actual property, and hospitality, amongst others.
Regardless of getting into the gaming business on the age of 73, Dr. Lui rapidly established himself as a vital determine alongside contemporaries like Stanley Ho and Sheldon Adelson. In 2002, his agency Galaxy Leisure Group (GEG) secured one of many coveted gaming licenses in Macau, setting the stage for its future success. Below his management, GEG launched a number of key properties in Macau, together with the famend Galaxy Macau, which turned a cornerstone of his legacy within the business.
Contributions to civilization and philanthropy:
Past his enterprise achievements, Dr. Lui was deeply dedicated to philanthropy and cultural development. He established the Lui Che Woo Prize for World Civilisation to acknowledge and help world efforts towards enhancing world civilization and selling a harmonious society. His philanthropic efforts have been wide-ranging, focusing significantly on schooling and well being.
In its assertion, GEG expressed that Dr. Lui’s imaginative and prescient and management shaped the inspiration of the corporate’s progress and success. As reported by Inside Asian Gaming, the corporate reassured stakeholders and prospects: “His imaginative and prescient, large management and steering have been the foundations for the Group’s growth and continued success. The Board is of the view that the passing away of Dr Lui is not going to have any affect on the operations of the Group. A brand new Chairman of GEG will probably be appointed sooner or later and an announcement will probably be made from that appointment.”
As GEG navigates ahead with out its iconic chief, the business displays on Dr. Lui’s monumental affect—not solely as a enterprise magnate however as a visionary who formed the very cloth of the gaming and hospitality industries in Asia and past. The Board and all the GEG household expressed their profound sorrow and prolonged heartfelt condolences to Dr. Lui’s household throughout this time of loss. His story—from overcoming adversity to constructing empires and fostering world cultural initiatives—leaves a long-lasting legacy that can encourage generations to come back.
