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Kerzner International Company Profile

Kerzner International Limited is an international resort and gaming company that is a developer and operator of destination resorts, luxury resort hotels and gaming properties worldwide. In its destination resorts segment, Kerzner owns and operates the Atlantis, Paradise Island resort and casino complex located in The Bahamas. The Company also owns a 50% equity interest in Kerzner Istithmar Limited, which is developing Atlantis, The Palm, Dubai, United Arab Emirates, and it has entered into a joint venture agreement with two partners, and related development and long-term management agreements for the development and operation of a destination resort casino in Morocco.

In the gaming segment (Gaming), Kerzner developed and earned income from the Mohegan Sun Casino located in Uncasville, Connecticut. In the One&Only resorts segment (One&Only Resorts), the Company operates 10 beach resorts at locations in The Bahamas, Mauritius, Dubai, the Maldives and Mexico.

 
Kerzner International History

1977: Sol Kerzner's company Southern Sun opened a casino in Mmabatho, the capital of Bophuthatswana

1979: Sun International (South Africa), a related Kerzner company, opened the Sun City resort in Bophuthatswana

1992: Sun International (South Africa) opened Lost City, a casino and resort at Sun City

1993: Kerzner divests himself of his South African assets, including Sun International (SA)

1993: Sun International Hotels established to acquire Paradise Island Resort and Casino and related operations from Resorts International, Inc. (Bahamas)

1994: Sun acquired the former Resorts International casino in the Bahamas, renaming it Atlantis on Paradise Island

1996: Sun acquired Griffin Gaming & Entertainment, Inc., chiefly consisting of Merv Griffin's Resorts in Atlantic City and related properties

1996: Trading Cove Associates ("TCA"), a partnership in which Sun owned a 50% interest, developed and began managing the Mohegan Sun casino for the Mohegan Tribe of Indians of Connecticut

1998: Major expansion completed at Atlantis Casino and Resort

1999: Completed $48 million expansion/renovation of Resorts (Atlantic City)

2000: Management agreement with Mohegan Sun terminated, though TCA still receives a share of profits and participates in development projects

2001: Sun completed the sale of Resorts Atlantic City to an affiliate of Colony Capital

2001: New casino opened at Mohegan Sun

2002: Sun International changed its name to Kerzner International Limited

2002: $1 billion Mohegan Sun expansion project completed

2002: Through Sun Online Limited (also known as "Kerzner Interactive Limited"), the company began operating an online casino in the Isle of Man

2003: Discountinued operations of Isle of Man online casino

2006: Kerzner announced its intention to be bought by a private investor group including Sol Kerzner

2006:Kerzner International Limited announced that the its acquisition by an investor group led by Sol Kerzner was approved by the shareholders (whom recieved $81.00 per ordinary share.) The company is no longer publicly listed.

2009: Mazagan Beach Resort (Morocco) opens

2009: One&Only Cape Town opens

Kerzner International: Current Properties

Bahamas

Atlantis, Paradise Island

One&Only Ocean Club

The Cove Atlantis

Mexico

One&Only Palmilla

Maldives

One&Only Maldives at Reethi Rah

Dubai, U.A.E.

One&Only Royal Mirage

Atlantis, The Palm Dubai

One and Only the Palm

Mauritius

One&Only Le Saint Géran

South Africa

One&Only Capetown

Morocco

Mazagan Beach and Golf Resort

NOTE: Only Atlantis and Mazagan are casino properties

Kerzner International: Financial Info online

Publicly-accessible sites

Company Website

 

 

 

 

 

For more detailed information, check out these databases. Note: use is restricted to current UNLV faculty, staff, and students.

Kerzner International: Gaming Collection/UNLV Holdings

UNLV Gaming Collection main page

Financial filings

[full list pending]

Promotional and Public Relations materials

[full list pending]


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Last modified Wednesday, 21-May-2014 13:15:24 PDT