The Venetian Macau filmed in 4K UHD with a GoPro Hero4 Black and a Feiyu G4S 3-Axis Handheld Gimbal - Duration: 9:41.
- Galaxy Macau is one of 6 properties owned by Galaxy Entertainment Group. The following ownership information is a subset of that available in the Gaming Business Directory published by Casino City Press. For more information about Gaming Business Directory products visit www.CasinoCityPress.com. Galaxy Entertainment Group (Owner).
- The original idea had been for Galaxy Entertainment and Adelson's The Venetian Macau to hold the license jointly, but business acrimony and a string of allegations of impropriety led to a brutal fallout that one online media outlet described at the time as a 'casino world war'. Lui's Galaxy Entertainment would open the $2 billion Galaxy.
Public | |
Traded as | SEHK: 27 |
---|---|
Industry | Hospitality, Tourism |
Founded | 1988; 32 years ago |
Founder | Lui Che Woo |
Headquarters | Hong Kong |
Area served | Global |
Francis Lui (Chairman & CEO) | |
Products | Gambling, Hotels, Entertainment, Casinos, Resorts |
Revenue | HK$51 billion (2015) |
Owner | Lui Che Woo Francis Lui Yiu Tung |
Website | Galaxy Entertainment Group |
Galaxy Entertainment Group ('GEG') (Chinese: 銀河娛樂集團 is a company listed on the Hong Kong Stock Exchange (SEHK: 27) that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.
History[edit]
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 in 2005 by acquiring a 97.9% stake in Galaxy Casino SA.[1] The deal was described as akin to 'a snake trying to swallow an elephant'.[1] 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.[1]
In February 2020 the company confirmed it had withdrawn from its bidding in Osaka and would instead focus on other licenses in Japan, including Yokohama[2] among others.[3] After its Macau casinos were closed that month for the Corvid outbreak as well as other casinos, the company said it would return to full capacity only after guest demand had increased.[4]
Properties[edit]
The company owns the following casinos and hotels in Macau: Linux command to check memory slots.
- The StarWorld Macau (Macau Peninsula)
- CityClub casinos (Macau Peninsula)
- Waldo Casino
- President Casino
- Rio Casino
- Broadway Casino (Cotai Strip)
- The Galaxy Macau (Cotai Strip)
Galaxy Stars[edit]
- Jeremy Chan (田铭耀) - Actor
Business areas[edit]
The principal activities of Galaxy Entertainment and its subsidiaries are operation in casino games of chance or games of other forms, provision of hospitality and related services in Macau, and the manufacture, sale and distribution of construction materials in Hong Kong, Macau and Mainland China.
It operates in two segments: gaming and entertainment, and construction materials.
Ownership structure[edit]
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.[5]
See also[edit]
Galaxy Casino Macau Owner
References[edit]
- ^ abcChugh, Paresh; Chan, Sammy. 'K. Wah joins Galaxy of gaming market'. Chinadaily.com.cn. Retrieved 6 January 2017.
- ^asgam.com
- ^calvinayre.com
- ^macaudailytimes.com
- ^[1]
External links[edit]
The Asian gambling behemoth Galaxy Entertainment has found their brand associated with several online casino scams perpetrated in Macau, considered to be the foremost gambling location in the world.
In these scams, the culprits claim to be connected to Galaxy Entertainment and entice punters to join their gambling or betting websites under the pretense that the sites are legitimate.
Galaxy Entertainment recently published a statement on their website that categorically denied their association with a number of online gambling and betting sites.
The company also asked individuals with knowledge of the perpetrators to contact local authorities.
With their statement, Galaxy Entertainment hopes to decrease the success of the scammers and decrease any negative publicity associated with their brand due to them. Galaxy Entertainment has affirmed that they will not be responsible for any losses or damages suffered by punters fooled by fake websites with their brand.
- Galaxy Macau is one of 6 properties owned by Galaxy Entertainment Group. The following ownership information is a subset of that available in the Gaming Business Directory published by Casino City Press. For more information about Gaming Business Directory products visit www.CasinoCityPress.com. Galaxy Entertainment Group (Owner).
- The original idea had been for Galaxy Entertainment and Adelson's The Venetian Macau to hold the license jointly, but business acrimony and a string of allegations of impropriety led to a brutal fallout that one online media outlet described at the time as a 'casino world war'. Lui's Galaxy Entertainment would open the $2 billion Galaxy.
Public | |
Traded as | SEHK: 27 |
---|---|
Industry | Hospitality, Tourism |
Founded | 1988; 32 years ago |
Founder | Lui Che Woo |
Headquarters | Hong Kong |
Area served | Global |
Francis Lui (Chairman & CEO) | |
Products | Gambling, Hotels, Entertainment, Casinos, Resorts |
Revenue | HK$51 billion (2015) |
Owner | Lui Che Woo Francis Lui Yiu Tung |
Website | Galaxy Entertainment Group |
Galaxy Entertainment Group ('GEG') (Chinese: 銀河娛樂集團 is a company listed on the Hong Kong Stock Exchange (SEHK: 27) that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.
History[edit]
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 in 2005 by acquiring a 97.9% stake in Galaxy Casino SA.[1] The deal was described as akin to 'a snake trying to swallow an elephant'.[1] 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.[1]
In February 2020 the company confirmed it had withdrawn from its bidding in Osaka and would instead focus on other licenses in Japan, including Yokohama[2] among others.[3] After its Macau casinos were closed that month for the Corvid outbreak as well as other casinos, the company said it would return to full capacity only after guest demand had increased.[4]
Properties[edit]
The company owns the following casinos and hotels in Macau: Linux command to check memory slots.
- The StarWorld Macau (Macau Peninsula)
- CityClub casinos (Macau Peninsula)
- Waldo Casino
- President Casino
- Rio Casino
- Broadway Casino (Cotai Strip)
- The Galaxy Macau (Cotai Strip)
Galaxy Stars[edit]
- Jeremy Chan (田铭耀) - Actor
Business areas[edit]
The principal activities of Galaxy Entertainment and its subsidiaries are operation in casino games of chance or games of other forms, provision of hospitality and related services in Macau, and the manufacture, sale and distribution of construction materials in Hong Kong, Macau and Mainland China.
It operates in two segments: gaming and entertainment, and construction materials.
Ownership structure[edit]
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.[5]
See also[edit]
Galaxy Casino Macau Owner
References[edit]
- ^ abcChugh, Paresh; Chan, Sammy. 'K. Wah joins Galaxy of gaming market'. Chinadaily.com.cn. Retrieved 6 January 2017.
- ^asgam.com
- ^calvinayre.com
- ^macaudailytimes.com
- ^[1]
External links[edit]
The Asian gambling behemoth Galaxy Entertainment has found their brand associated with several online casino scams perpetrated in Macau, considered to be the foremost gambling location in the world.
In these scams, the culprits claim to be connected to Galaxy Entertainment and entice punters to join their gambling or betting websites under the pretense that the sites are legitimate.
Galaxy Entertainment recently published a statement on their website that categorically denied their association with a number of online gambling and betting sites.
The company also asked individuals with knowledge of the perpetrators to contact local authorities.
With their statement, Galaxy Entertainment hopes to decrease the success of the scammers and decrease any negative publicity associated with their brand due to them. Galaxy Entertainment has affirmed that they will not be responsible for any losses or damages suffered by punters fooled by fake websites with their brand.
Scams Proliferating in Macau
While the COVID-19 pandemic wreaked havoc on the live gaming industry in Macau, many unscrupulous characters have tried to take advantage by enticing punters with fake online gaming sites, ostensibly linked to big time Macau brands such as Galaxy Entertainment.
The Macau scams emerged just as the Chinese government announced they will be cracking down on illegal gaming outfits.
Gambling is outlawed across China, except for the special administrative region of Macau. While the underground Chinese gambling industry has long been an open secret, China has made moves in recent weeks that showed they plan on taking illegal gambling more seriously, launching a number of programs explicitly focused on curbing the gambling black market.
Some industry analysts believe that the Chinese crackdown could help explain why scammers in Macau are using names of established gaming brands—such as Galaxy Entertainment to boost their credibility with wary punters craving gambling action.
Since many Chinese punters are wary of running afoul of the government's renewed drive against illegal gambling, black market operators may feel that affixing the name of a legitimate brand on their website could allay those fears.
Chinese Crackdown, COVID-19 Eyed as Catalysts for Scams
Macau's status as the world's gambling capital has made it one of the hotspots for scams targeting punters flush with cash.
While Macau has seen its fair share of scams over the years, industry observers believe that the COVID-19 pandemic and the Chinese illegal gambling crackdown may serve as catalysts for even more scams.
Galaxy Casino Macau Owner Name
China is currently offering generous financial rewards for whistleblowers that will help to flush out illegal gambling operations.
Galaxy Casino Macau Owner Relations
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