Galaxy Entertainment Group chairman Francis Lui has bought HK$130.3 million ($16.6 million) worth of shares in the Macau casino operator, as the city’s gaming stocks underperform Hong Kong’s broader market this year.
According to a disclosure filed with the Hong Kong Stock Exchange on October 6th, Lui acquired 4.613 million shares on October 2nd at an average price of HK$28.25 ($3.60) apiece. The shares were purchased off-market for cash.
The acquisition increased his total disclosed interests from 54.14 percent to 54.24 percent, equivalent to approximately 2.375 billion shares.
Those interests include holdings through controlled companies and family trusts, alongside shares held in other capacities. His interests as beneficial owner totaled approximately 52.3 million shares following the transaction.
The purchase comes amid weakness across the six major Hong Kong-listed Macau gaming stocks, all of which had fallen more than the Hang Seng Index this year through October 6th, based on closing prices.
Galaxy Entertainment shares closed at HK$30.52 ($3.89) that day, down 20.1 percent from the end of 2025, compared with a 5.3 percent decline in the benchmark.
Sands China and SJM Holdings recorded steeper declines of 41.8 percent and 46.3 percent, respectively, over the same period.
SJM has also traded at its lowest levels since 2008, with its shares touching HK$1.27 ($0.16) on October 5th.
Lui’s purchase took place on the same day Macau gaming stocks fell broadly following the release of September gaming revenue figures. The city’s gross gaming revenue declined 1.2 percent year-on-year, marking its fourth consecutive monthly contraction on that basis.
