Sharing the Wealth: Galaxy Execs Get Richer

Galaxy Entertainment Group has granted more than 9 million share options and 1.7 million share awards to the Lui family. Beneficiaries including Chairman Lui Che Woo and Vice Chairman Francis Lui (l.).

Sharing the Wealth: Galaxy Execs Get Richer

Galaxy Entertainment Group (GEG) recently granted 9,274,000 share options and 1,773,300 share awards to members of the Lui family including GEG Chairman Dr Lui Che Woo, Vice Chairman Francis Lui and Paddy Tang Lui, all executive directors. Shares will also go to associate directors Eileen Lui and Andrew Nicholas Lui.

According to a June 18 filing, Francis Lui received 2,089,000 options worth HK$129.9 million (US$16.6 million) and Lui Che Woo got 1,477,000 options worth HK$91.9 million (US$11.8 million)

According to GGRAsia, the gaming operator posted net revenues of HK$5.1 billion (US$657 million) in the first quarter, “largely flat” year-on-year and quarter-on-quarter, and adjusted EBITDA was up 204 percent from 2020 to HK$859 million (US$111 million) as a result of Macau’s ongoing Covid-19 recovery.

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