Ownership of Atlantis Casino, Bahamas
The Atlantis Casino, located on Paradise Island in the Bahamas, is part of the larger Atlantis Resort, which is known for its luxurious accommodations, water parks, and various entertainment options. The ownership of the Atlantis Casino is tied to its parent company, astrozino Kerzner International Holdings Limited, a global leader in the development and management of destination resorts.
Kerzner International was founded by Sol Kerzner, a South African hotel magnate, who initially developed the resort in the early 1990s. The Atlantis Resort, which opened in 1994, was designed to resemble the lost city of Atlantis and features a unique blend of marine habitats, water attractions, and a wide array of gaming options, including the casino. The resort has become a premier destination for tourists, attracting millions of visitors each year.
In 2011, Kerzner International underwent significant changes, including a restructuring of its debt and ownership. The company was acquired by a consortium of investors, including the investment firm, Brookfield Asset Management, which took a majority stake in the company. This acquisition allowed for the continued development and enhancement of the Atlantis Resort, including upgrades to the casino and other facilities.
In 2016, Brookfield Asset Management further solidified its control by acquiring full ownership of Kerzner International, making it the sole owner of the Atlantis Resort and its casino. Under Brookfield’s ownership, the resort has continued to thrive, with ongoing investments in renovations and new attractions that enhance the guest experience. The casino has remained a central feature of the resort, offering a variety of gaming options, including table games, slot machines, and high-stakes poker.
The Atlantis Casino is not only a significant revenue generator for the resort but also plays a crucial role in the local economy by providing employment opportunities for Bahamians and supporting local businesses. The casino’s operations are subject to the regulations set forth by the Bahamian government, which oversees gaming activities in the country.
In addition to its gaming offerings, the Atlantis Casino is known for hosting various events and tournaments, attracting players from around the world. This has helped to establish the casino as a prominent player in the global gaming market, further enhancing the reputation of the Atlantis Resort as a leading destination for entertainment and leisure.
In summary, the Atlantis Casino in the Bahamas is owned by Brookfield Asset Management, which acquired Kerzner International, the parent company of the Atlantis Resort. Under this ownership, the casino has continued to evolve and expand, contributing to the overall success of the resort and the local economy. With its unique theme, diverse gaming options, and luxurious amenities, the Atlantis Casino remains a key attraction for visitors to the Bahamas.