{"id":74040,"date":"2018-03-29T18:00:34","date_gmt":"2018-03-30T01:00:34","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=74040"},"modified":"2018-03-29T17:05:53","modified_gmt":"2018-03-30T00:05:53","slug":"galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/","title":{"rendered":"Galaxy Entertainment\u2019s Lui Che Woo Makes $12 Billion in Two Years from Stock Surge"},"content":{"rendered":"

Wynn Resort\u2019s newest major shareholder<\/a>, Hong Kong-based Galaxy Entertainment, has been riding the wave of Macau\u2019s revival<\/a>.<\/p>\n

\"Galaxy
Macau\u2019s rebound and the unprecedented upward trajectory of Galaxy Entertainment\u2019s stock has made the company\u2019s founder Lui Che-Woo a very rich man indeed. Almost as rich, in fact, as he was four years ago. (Image: The Straits Times)<\/figcaption><\/figure>\n

According to Bloomberg this week, the group\u2019s shares have skyrocketed by around 200 percent over the last seven quarters, placing it among the top four performers on Hong Kong\u2019s Hang Seng Index.<\/p>\n

Galaxy founder\u00a0Lui Che-Woo\u2019s net worth has risen by $12 billion is less than two years, thanks to the relentless surge in his company\u2019s share prices, propelling him to 12th position in Asia\u2019s rich list, according to the Bloomberg Billionaire\u2019s List.<\/p>\n

Just four years ago, Lui was the second richest man in Asia. But an anti-corruption crackdown spearheaded by Chinese President Xi Jinping directed its attention to Macau in 2014 and plunged the gambling hub into a downward economic spiral that lasted almost two years.<\/p>\n

Downturn Wiped <\/strong>$28 billion Off Market Cap<\/strong><\/h2>\n

Xi\u2019s campaign targeted the movement of money into Macau from the Chinese mainland, as well as the corrupt officials who carried it and the Macau junket industry that facilitated the whole show. The high-rollers who once accounted for 60 percent of the Macau gaming market were warned off.<\/p>\n

But in the summer of 2016, they slowly began to return, and meanwhile, Macau had pivoted towards the mass market, reinventing itself as a family destination for the Chinese middle classes.<\/p>\n

\n

Galaxy is well on the way to recovering the $28 billion of its market value lost during the market slump, and its winning streak shows no sign of letting up.<\/p>\n<\/div>\n

Analysts are confident Galaxy stock will surge beyond its January 2014 all-time high. They credit its mass market operations for its overtake of SJM Holdings and Sands China as the dominant player in the Macau market.<\/p>\n

Guide to the Galaxy<\/strong><\/h2>\n

\u201cGalaxy is doing a better job operationally than any other operator today,\u201d Macau-based Union Gaming analyst Grant Govertsen, told Bloomberg. \u201cThe company came out of the downturn with a much better mass-market program that has enabled them to become a much better all-around operator with a much more impressive future growth potential.\u201d<\/p>\n

“Barring something catastrophic happening to China\u2019s economy, it is unlikely that Galaxy\u2019s earnings power faces much risk other than the occasional downturn in gaming revenue,\u201d he added.<\/strong><\/p><\/blockquote>\n

Last week, Galaxy bought 4.9 percent of Wynn Resorts for a consideration for almost $1 billion from the sale of Steve Wynn\u2019s shares. It’s a move that will further strengthen its position in Macau, where Wynn Resorts is a major player.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resort\u2019s newest major shareholder, Hong Kong-based Galaxy Entertainment, has been riding the wave of Macau\u2019s revival. According to Bloomberg this week, the group\u2019s shares have skyrocketed by around 200 percent over the last seven quarters, placing it among the top four performers on Hong Kong\u2019s Hang Seng Index. Galaxy founder\u00a0Lui Che-Woo\u2019s net worth has […]<\/p>\n","protected":false},"author":42,"featured_media":74043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nGalaxy Entertainment\u2019s Lui Che Woo Makes $12 Billion in Two Years<\/title>\n<meta name=\"description\" content=\"The fortune of Galaxy Entertainment\u2019s Lui Che Woo rises by $12 billion during an implacable two year winning streak for the company\u2019s stock that has made him the 12th richest person in Asia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Galaxy Entertainment\u2019s Lui Che Woo Makes $12 Billion in Two Years\" \/>\n<meta property=\"og:description\" content=\"The fortune of Galaxy Entertainment\u2019s Lui Che Woo rises by $12 billion during an implacable two year winning streak for the company\u2019s stock that has made him the 12th richest person in Asia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-30T01:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-30T00:05:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/Lui.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"850\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/\",\"url\":\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/\",\"name\":\"Galaxy Entertainment\u2019s Lui Che Woo Makes $12 Billion in Two Years\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/Lui.jpg\",\"datePublished\":\"2018-03-30T01:00:34+00:00\",\"dateModified\":\"2018-03-30T00:05:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"The fortune of Galaxy Entertainment\u2019s Lui Che Woo rises by $12 billion during an implacable two year winning streak for the company\u2019s stock that has made him the 12th richest person in Asia.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/galaxy-entertainments-lui-che-woo-makes-12-billion-in-two-years-from-stock-surge\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/Lui.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/Lui.jpg\",\"width\":1200,\"height\":850,\"caption\":\"Macau\u2019s rebound and the unprecedented upward trajectory of Galaxy Entertainment\u2019s stock has made the company\u2019s founder Lui Che-Woo a very rich man indeed. 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