Galaxy Entertainment Looks Beyond Macau to Japan, Taiwan
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Galaxy Entertainment Group Ltd., the Macau casino operator that made Lui Che-woo Asia’s third-richest man, plans to invest in China’s Hengqin island and will consider investing at least $5 billion in Japan and Taiwan if allowed.
Macau’s second-largest casino operator would consider spending at least HK$20 billion ($2.58 billion) in Japan or Taiwan each if those markets open up, Deputy Chairman Francis Lui, the eldest son of the Asian billionaire, said in a Nov. 15 interview. It plans to invest HK$10 billion on setting up sports and non-gaming facilities in the southern Chinese Hengqin island, he said.