GEG Celebrates its 10th Anniversary in Operation and Galaxy Macau’s 3rd Anniversary and Establishes a HKD 1.3 Billion Charitable Foundation

July 4, 2014 - Since making its entry into Macau’s gaming market in 2004, Galaxy Entertainment Group (“GEG”) has achieved tremendous growth over the past decade. To celebrate its 10th year in operation and the 3rd anniversary of its flagship property Galaxy Macau™, GEG hosted a Gala Dinner on July 4 with officiating guests including Mr. Chui Sai On, Chief Executive of Macau SAR, Mr. Edmund Ho, Vice Chairman of Chinese People's Political Consultative Conference, Ms. Qiu Hong, Deputy Director of Central People's Government Liaison Office of Macau SAR, and Mr. Hu Zhengyue, the Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in Macau SAR. During the Gala Dinner, Dr. Lui Che Woo, Chairman of GEG, announced the establishment of “GEG Charitable Foundation”, hoping to reinforce GEG’s commitment to promoting a sustainable future for Macau through sharing its business success with the community.

Dr. Lui Che Woo, Chairman of GEG, expressed heartfelt gratitude for the support from Macau’s citizens and tourists, which has led GEG to the phenomenal success it has achieved over the past ten years. GEG is keen to fulfill its social responsibility and has always upheld the philosophy that “what is taken from the community is to be used for the good of the community”; therefore, on this auspicious occasion of the 10th anniversary of GEG and the 3rd anniversary of Galaxy Macau, Dr. Lui announced that GEG has established a Charitable Foundation with HKD 300 million and would further commit another HKD 1 billion into the Foundation later on.

The Foundation will invite distinguished people from the society to participate in its endeavor to contribute towards the prosperity of Macau and the Mainland. Focusing on issues that require particular attention, the foundation is committed to giving back to the society through helping young people develop positive moral and life values, foster patriotism and ethnic identity, as well as enhance their understanding of the country and Macau. It also aims to support young people in entrepreneurship and in attempting new endeavors. “We hope that we can continue to work collaboratively with all sectors of Macau to mutually develop our city and to ensure that it remains a great place of prosperity and stability,” said Dr. Lui.

Looking back over the past ten years of development, Mr. Francis Lui, Vice Chairman of GEG, also said, “We now have a professional team of 16,000 people. Possessing a strong sense of unity and belonging, our team members share their passion and goals not only in the workplace but also in the community. In the future, we will continue to care for the community through fulfilling our social responsibility.”

Held at Banyan Tree Macau, the Gala Dinner was a prestigious gathering that brought together 400 representatives from different sectors of the community including government officials, members of Legislative Assembly and top media practitioners. Famous Hong Kong singer Jenny Tseng was invited to perform at the Gala Dinner, during which time she congratulated GEG on its flourishing success and wished that GEG would continuously achieve new heights.

GEG marked the entry into Macau’s gaming industry in 2004 through developing the first of four distinct City Club casinos. Achieving instant success, GEG continued to grow and expand its business by launching its first luxury 5-star property StarWorld Hotel, which has gained wide recognition for its impeccable services and offerings. GEG enhanced its footprint on Cotai by opening the integrated resort Galaxy Macau in 2011 that offers a state-of-the-art leisure and entertainment experience to satisfy visitors from all over the world. Furthermore, the inclusion of GEG in the Hang Seng Index last June marked an important milestone in the company’s endeavor to be globally recognized as “Asia's leading gaming and entertainment corporation”.

Galaxy Macau Phase 2, upon its targeted completion in mid-2015, is the next major project to open in Macau. Meanwhile, GEG is finalizing the plans and preparation for Galaxy Macau Phases 3 and 4. Construction is expected to commerce as early as the end of 2014, with a total investment of HKD 60 billion focusing on non-gaming facilities. Furthermore, the strategic acquisition of the Grand Waldo Complex has further entrenched GEG’s footprint on Cotai. Expected to re-open early next year, the renovated resort complex will introduce to the city a variety of family attractions including world-class resident shows and a food paradise offering local cuisine, as well as the widest available choice of entertainment, cultural and MICE facilities. All these efforts echo GEG’s commitment to supporting Macau to become the World Center of Tourism and Leisure.