1988 — Foundation
Galaxy Entertainment Group traces its origins to 1988, when the K. Wah Group (founded by Cheung Yan Shun, later succeeded by Lui Che Woo) entered the gaming industry. The company was initially known as Galaxy Casino Company Limited and was one of the original Macau gaming concessionaires.
2002 — Macau Gaming Liberalization
Macau liberalized its gaming industry in 2002, ending the decades-long monopoly of Stanley Ho's STDM. Galaxy was awarded one of three gaming concessions, alongside Sands and Wynn, marking the beginning of Macau's transformation into the world's largest gambling market.
2004 — IPO on Hong Kong Stock Exchange
GEG was listed on the Hong Kong Stock Exchange (HKEX: 27), raising capital to fund its Cotai Strip developments. The IPO valued the company at approximately HK$100 billion.
2006 — StarWorld Macau Opening
GEG opened StarWorld Macau on the Macau Peninsula, its first major integrated resort. StarWorld established GEG as a significant player in Macau's gaming market, targeting premium mass and VIP customers.
2011 — Galaxy Macau Phase 1 Opening
GEG opened Galaxy Macau Phase 1 on the Cotai Strip, a massive integrated resort with over 2,200 hotel rooms, 450+ gaming tables, and extensive non-gaming facilities. The opening marked GEG's transformation into a major Cotai Strip operator.
2015 — Galaxy Macau Phase 2 & Broadway Macau
GEG opened Galaxy Macau Phase 2 and Broadway Macau, expanding the Galaxy Macau resort with additional hotel towers, gaming space, retail, and the Broadway Theatre entertainment venue. The expansion doubled GEG's Cotai Strip capacity.
2018-2020 — VIP Market Challenges
GEG, like all Macau operators, faced challenges from the China-US trade war (2018-2019) and COVID-19 pandemic (2020-2022), which caused significant revenue declines. GEG maintained financial strength through the downturn and continued Phase 4 development.
2022 — New 10-Year Gaming Concession
GEG was awarded a new 10-year gaming concession (2022-2032) by the Macau government, one of six concessionaires (alongside Sands, Wynn, MGM, SJM, and Melco). The new concession includes increased non-gaming investment commitments and stricter regulatory requirements.
2024 — Galaxy Macau Phase 4 Opening
GEG opened Galaxy Macau Phase 4, adding further luxury hotel towers, gaming space, and non-gaming attractions. Phase 4 represents a multi-billion-dollar investment and reinforces GEG's position as one of Macau's largest integrated resort operators.