Stars Align: Francis Lui's Galaxy Entertainment Group Is On A Winning Streak [Forbes]
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Source: Forbes
Stars Align: Francis Lui's Galaxy Entertainment Group Is On A Winning Streak Francis Lui stands in front of the Galaxy Macau (Photo: Anthony Kwan for Forbes Asia) For a billionaire who runs one of the most successful casinos in the world’s biggest gaming center, Galaxy Entertainment Group’s Francis Lui keeps a low profile. Passengers on the ferry ride to Macau from Hong Kong may find themselves rubbing elbows with him, literally, in economy class. Make no mistake, though: 63-year-old Lui has emerged as a big winner in Macau, succeeding the legacy of legendary casino magnate Stanley Ho as the local face of gambling in the former Portuguese enclave. The numbers tell the story. Galaxy is expected to earn HK$13 billion ($1.7 billion) in 2018, more than double what the Ho family-linked companies SJM Holdings, Melco Entertainment and MGM China are forecast to post—HK$6.2 billion in net profits combined, according to JPMorgan and Sanford Bernstein reports. Galaxy also challenges and sometime
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