Lui Che Woo, casino tycoon who hit jackpot in Macau, dies at 95 - Printable Version
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Lui Che Woo, casino tycoon who hit jackpot in Macau, dies at 95 - Levin - 13-11-2024
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Mr Lui had an estimated net worth of US$14.5 billion (S$19.4 billion), according to the Bloomberg Billionaires Index, making him one of the richest people in Hong Kong.
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He won a gaming licence in 2002 when the former Portuguese colony’s government ended a 40-year monopoly held by Mr Stanley Ho, the so-called King of Gambling, who died in 2020.
Mr Lui started his first resort, StarWorld Macau, in 2006 before opening the Galaxy Macau in the Cotai area, Asia’s version of the Las Vegas Strip, in 2011.
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Mr Lui was born on Aug 9, 1929, in the city of Jiangmen in China’s Guangdong province, just north of Hong Kong. In 1934, the family crossed into the then British colony to flee the war-torn mainland.
Relatively well off at the time, the family lost its fortune after the Japanese military invaded Hong Kong in 1941.
Mr Lui graduated from a primary school in the Yau Ma Tei area of Kowloon but dropped out in the first year of secondary school because he did not want to study Japanese.
At 13, he started to help support the family, which grew to include five sisters, by selling Chinese baked goods.
He made his first fortune after World War II buying surplus US construction equipment in Okinawa and importing it to Hong Kong, which was undergoing a building boom as people fled the turbulent mainland. In 1955, he founded K. Wah Group, quarrying construction materials.
He invested the profits he made from construction into residential property development and, later, hotels in Hong Kong.
Full report at: https://www.straitstimes.com/business/companies-markets/lui-che-woo-casino-tycoon-who-hit-jackpot-in-macau-dies-at-95#:~:text=HONG%20KONG%20%2D%20Mr%20Lui%20Che,he%20was%20founder%20and%20chairman.
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RE: Lui Che Woo, casino tycoon who hit jackpot in Macau, dies at 95 - RolexPanda - 15-11-2024
so inspiring. can i start by doing bookie
RE: Lui Che Woo, casino tycoon who hit jackpot in Macau, dies at 95 - Alice Alicia - 15-11-2024
Rest in peace 🕊️.
RE: Lui Che Woo, casino tycoon who hit jackpot in Macau, dies at 95 - Blasterlord2 - 15-11-2024
He has the same birthday as spore!