Galaxy Entertainment Group (GEG) has announced the passing of the company’s Chairman and founder, Dr Lui Che Woo, at the age of 95.

In a statement issued late Monday, GEG said Dr Lui – the father of GEG Vice Chairman Francis Lui – passed away peacefully on 7 November 2024.

“Dr Lui was the founder of the Group and made invaluable contributions to the Group,” it said. “His vision, tremendous leadership and guidance were the foundations for the Group’s development and continued success. Under Dr. Lui’s stewardship, GEG was the first gaming company to be listed on the Stock Exchange of Hong Kong Limited, in 2005 and has been selected as a constituent to the Hang Seng Index in 2013.”

GEG added that it “will continue to operate its business in accordance with the business strategies laid down by the Board. The Board is of the view that the passing away of Dr Lui will not have any impact on the operations of the Group. A new Chairman of GEG will be appointed in due course and an announcement will be made of that appointment.”

Aside from his success in Macau via GEG, Dr Lui is best known for the multinational conglomerate he founded in 1955, K. Wah Group, whose many subsidiaries operate in the field of construction, real estate, hospitality and more.

He also established the Lui Che Woo Prize for World Civilisation, which has strived to advance world civilisation and inspire the building of a more harmonious world.