HONG KONG: Lui Che Woo, the casino tycoon who helped propel Macao to eclipse rival Las Vegas in gambling revenues, has died at the age of 95, his company said in a statement late on Monday (Nov 11).
Galaxy Entertainment Group Chairman Lui Che Woo attends a news conference on the company's annual results in Hong Kong , China , Feb 28, 2018. HONG KONG : Lui Che Woo, the casino tycoon who helped propel Macao to eclipse rival Las Vegas in gambling revenues, has died at the age of 95, his company said in a statement late on Monday .
One of Hong Kong's richest men, Lui kept a low profile and was always seen wearing a flat cap as he went about the city and when he attended press conferences. Competing with rivals like the now deceased Stanley Ho, whose family runs the SJM Holdings casino empire, the late US billionaire Sheldon Adelson and Wynn Resorts founder Steve Wynn, Lui steered Galaxy to become one of Macao's top operators.
In the 1960s, he switched to property investments and added hotels to his portfolio of businesses in the 1980s. He also offered an annual cash award of HK$20 million to individuals or organisations who"unselfishly promoted world civilisation through sustainable development, contributions to the welfare of mankind and promotion of positive life attitude", according to K Wah.Lui, who is survived by his wife Chiu Kam Ping and five children, remained heavily involved in the casino industry, even while handing much of the day-to-day running of Galaxy to his son Francis.
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