Galaxy Entertainment appoints founder Lui Che-woo’s eldest son as chairman
Francis Lui, 69, has been the deputy chairman of the company since 1997
Macau casino and resort operator Galaxy Entertainment Group has named Francis Lui Yiu-tung, the eldest son of the recently deceased tycoon Lui Che-woo, as its new chairman with immediate effect.
The board believes Francis Lui, who formerly was deputy chairman, “will continue to bring satisfying benefits and positive impact on the development of the group’s businesses”, the company said in a filing to the Hong Kong stock exchange on Friday.
The elder Lui, who rose from humble beginnings selling peanuts and snacks to become one of Asia’s biggest casino magnates, died on November 7. He was 95. K. Wah International Holdings, which Lui founded and chaired, has not yet named a new chairman.
“I will continue to work closely with the board and all of our team members to realise Dr Lui’s [Lui Che-woo] vision for Galaxy Entertainment Group becoming a world-leading integrated tourism and leisure company,” Francis Lui said in the statement.
Francis Lui, 69, joined the group in 1979. He became an executive director in 1987 and was promoted to deputy chairman in 1997.
