Lui Che-woo

Dr. Lui Che-woo
呂志和博士

Lui Che-woo 呂志和
Born 1929/1930 (age 86–87)[1]
Jiangmen, China
Residence Hong Kong
Net worth Decrease US$ 11 billion (June 2015)[2]
Spouse(s) Married, 5 children
This is a Chinese name; the family name is Lui .

Lui Che Woo, GBM, MBE, JP (Chinese: 呂志和; Sidney Lau: Lui5 Ji3 Woh6) (b. 9 August 1929, Jiangmen, China) is a member of the Standing Committee of the Chinese People's Political Consultative Conference, Jiangmen, People's Republic of China and is a Hong Kong gambling magnate, Chairman and Founder of listed firms Galaxy Entertainment Group and K. Wah International Holdings Ltd.[3] In January 2014, he was reported to be worth of US$21 billion and ranked the second richest man in Hong Kong.[2]

Business career

Lui established the first K. Wah company in Hong Kong in the 1950s. Its major member companies include K. Wah International Holdings Ltd. (Stock code: 173.HK), Galaxy Entertainment Group (HKSE: 27.HK), Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah has developed into a multi-national conglomerate involving gambling, property, entertainment & leisure, construction materials and hotels, with over 200 subsidiaries and more than 33,000 employees in Hong Kong, mainland China, Macau, North America and South-East Asia.

In the 1960s, Lui branched out from construction materials to property investment. The 1980s marked entry into hotel development and expansion into mainland China the next decade. In 2002, he ventured into Macau’s gaming business and his business became one of the six gaming concessionaires in Macau.

On May 2011, Galaxy Entertainment Group Limited opened the $2 billion Galaxy Macau casino and hotel in Macau with 2,200 rooms, 50 restaurants, 450 gambling tables, an artificial beach and a wave pool.[4]

Public service

Lui was Chairman of the Tung Wah Group of Hospitals in 1981-2.

He also holds posts in various tertiary institutions including Founding Honorary President of the University of Hong Kong Foundation of Educational Development and Research, Member of the Board of Trustees of United College of the Chinese University of Hong Kong, Honorary Member of the Court of Hong Kong University of Science and Technology, Member of the Consultative Committee of the Hong Kong Polytechnic University, Honorary Life Chairman of the Hong Kong Polytechnic University Foundation, Life Honorary Chairman of Wuyi University Board of Trustees.

In December 2006, Lui was elected to the small-circle Election Committee, in the Hotels Subsector, for the Third Term Chief Executive of the Hong Kong Special Administrative Region selection process. He has also been a member of the Hong Kong Government's Steering Committee on MICE (Meetings, Incentives, Conventions and Exhibitions) from 2007.

Philanthropy

In 1999, Lui provided funds for the Stanford University Medical Centre to set up Lui Che Woo Research Laboratory.

In 2002, the Lui Che Woo Awards for CUHK/Cornell Student Exchange Programme in Hospitality Management was established to facilitate academic exchanges of the School of Hotel and Tourism Management.

The construction of the Lui Che Woo Building at the Hong Kong Polytechnic University.

In 2012, donation was made to the Chinese University of Hong Kong for the establishment of the Lui Che Woo Institute of Innovative Medicine.

In 2015, Dr Lui announced a donation to pledge HK$15.6 million to the Chinese University of Hong Kong to establish the Lui Che Woo Distinguished Young Scholars Award and the Lui Che Woo Distinguished Young Scholars Research Scholarship to support outstanding medical research students to further their studies overseas.

Marking K. Wah Group's 60th anniversary in 2015, Lui established the Lui Che Woo Prize – Prize for World Civilisation, in Hong Kong, an international prize said to honour and recognise individuals or organizations for, inter alia, "promotion of positive life attitude and enhancement of positive energy". [5]

Honours

In recognition of his exemplary contributions to the community, Lui was made a Member of the Order of the British Empire (MBE) by The Queen in 1982 and was appointed as a Justice of the Peace (JP) in 1986.

Lui was awarded the Gold Bauhinia Star (GBS) in 2005 and, in 2012, the Grand Bauhinia Medal, the Hong Kong Government's highest honour, for his significant contribution to Hong Kong.

Lui was also awarded the degree of Doctor of Laws, honoris causa by the University of Victoria in 2001; the degree of Doctor of Social Science, honoris causa, by the Chinese University of Hong Kong in 2002; an Honorary University Fellowship by the University of Hong Kong in 2002; the degree of Honorary Doctor of Laws by Concordia University in 2004; the degree of Doctor of Business Administration, honoris causa, by the Hong Kong Polytechnic University in 2005, and the degree of Doctor of Social Sciences, honoris causa, by the University of Hong Kong in 2016.

Lui is Honorary Dean of the Business Faculty of Yangzhou University, China.

Industry awards

In 2007, he was honoured as the Business Person of the Year in DHL/SCMP Hong Kong Business Awards and presented with the Lifetime Achievement Award by American Academy of Hospitality Sciences. Lui was presented the Diamond Award by Macau Tatler and the Lifetime Achievement Award by All Leaders Publication Group Limited, both in 2011. He was presented with the Lifetime Achievement Award at Asia Pacific Entrepreneurship Awards 2012 by Enterprise Asia. In 2013, Lui received the Lifetime Achievement Award at the 13th China Hotel Golden Horse Award. In 2014, Lui was presented the Outstanding Contribution Award at the International Gaming Awards, as well as Entrepreneur of the Year at the Asian Awards. In 2015, Lui was awarded with the Lifetime Achievement Award at the 22nd World Travel Awards in recognition of his outstanding contribution to the travel and tourism industry, as well as Top 10 Outstanding Cantonese at the 2nd Global Conference of the Cantonese.

List of public service appointments

China

Hong Kong

List of honours

References

  1. ↑ "The World's Billionaires: #98 Lui Che Woo". Forbes. January 9, 2014.
  2. 1 2 Karen Chiu (10 January 2014). "Casino tycoons biggest winners". The Standard.
  3. ↑ Vinicy Chan (8 November 2013). "Galaxy Entertainment quarterly profit jumps". Macau Daily Times.
  4. ↑ "$2 Billion Casino Has Been Opened". BBC. 16 May 2011.
  5. ↑ Zhao, Shirley (24 September 2015). "Tycoon Lui Che-woo launches HK$60 million prize for contributors to 'world civilisation' with heavyweight council". South China Morning Post. Retrieved 29 October 2016.

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Order of precedence
Preceded by
Peter Woo
Recipient of the Grand Bauhinia Medal		 Hong Kong order of precedence
Recipient of the Grand Bauhinia Medal 		Succeeded by
Maria Tam
Recipient of the Grand Bauhinia Medal
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