Galaxy Entertainment Group Ltd (GEG) planned a USD5 billion investment in Japan and Taiwan. The Macau casino operator is also considering an investment in China's Hengqin island. This was according to a report published by Bloomberg.

Deputy Chairman Francis Lui, Asian billionaire Lui Che-Woo's eldest son, gave details of the planned investment during a November 15 interview. Lui said GEG would spend around HKD20 billion (USD2.58 billion) in Japan or Taiwan each. This plan would push through if gambling markets in those countries would open up. GEG also plans to invest HKD10 billion on a sports and non-gaming facilities in the Hengqin island, the report explained.

Lui also foresaw a 20% rise in the casino industry in Macau. This is the only city in China where casino gambling is allowed, Bloomberg said.

GEG is the second-largest casino operator in Macau. The company made Lui Che-Woo the third richest man in Asia. According to the Bloomberg Billionaire index, he has a net worth of USD22 billion, said the report.