Galaxy’s Lui Che-Woo wants high-tech, family theme parks in Macau

Lui Che-Woo built his fortune in casinos, but now the Galaxy Entertainment chairman is betting on a new venture: theme parks.

In an interview with Bloomberg Business, the billionaire casino magnate said the next two phases for his company’s Galaxy Macau project will include “something special and high-tech,” something that could rival the movie Avatar.

Lui told the news outlet: “Nowadays you already see that all these theme parks all have different special ideas. So we’re thinking of how to compete against them.”

The Walt Disney Co. is set to open its first park in Shanghai in June. The theme park reportedly costs $5.5 billion, and tickets for the park will be priced about 20 percent cheaper than its Hong Kong counterpart.