Lui Che-woo death spotlights casino tycoon's succession planning

Self-made billionaire prepared more than a decade ago to divvy up his empire

20241112 Galaxy Lui Che-woo and Francis Lui.jpg

Self-made Hong Kong tycoon Lui Che-woo, left, nurtured his eldest son Francis Lui Yiu-tung, right, as his successor at flagship Macao casino operator Galaxy Entertainment Group. (Photo by Kensaku Ihara)

KENJI KAWASE, Nikkei Asia chief business news correspondent

November 12, 2024 18:31 JST

HONG KONG -- The death of Hong Kong tycoon Lui Che-woo, who built a business conglomerate sprawling from construction materials to hotels and casinos, could have raised a major succession question. The billionaire had five children, and he remained chairman of his two flagship listed companies -- K. Wah International Holdings and Galaxy Entertainment Group -- at the time of his passing at age 95.