Casino billionaires don't like gambling 2
`When I first entered the industry, many people viewed gambling as a negative thing. I wanted to change that perspective, and added more non-casino amenities to my facilities,`
`Once completed, 95% of Galaxy Macau will be non-casino projects, such as cultural exhibitions or shopping centers,` he revealed.
Lui Che Woo is currently the second richest billionaire in Asia.
This is how Galaxy Entertainment – Macau’s second largest casino operator with 6 casinos – plans to increase its market share here.
`Gambling is not the only thing on my mind. Galaxy Macau will become an entertainment-tourism complex. In the near future, we will also focus on attracting mass customers,` Mr. Lui said.
This is a huge change for the company compared to the founding of StarWorld Casino in 2006. This casino allows players to bet up to 250,000 USD at a time.
In addition, the VIP segment – consisting of gamblers who like to bet big from China is shrinking, due to the economic downturn and the anti-bribery campaign here.
`Chinese people always like to gamble. And Macau is the only place here where gambling is legal,` Lui explained.
Lui is also the founder of K. Wah – a multi-industry corporation that participated in the casino industry in 2002. `If you are not reckless, you will not be able to do anything. I am confident that I can use my experience to change the situation.`
Together with Sheldon Adelson – Chairman of Las Vegas Sands, Lui won one of three licenses to open a casino in Macau in 2002. However, a year later, both sides went their separate ways.
Of course, ending the partnership does not mean the end of Lui’s career.
However, Lui said wealth is not the key to happiness.
