Kerzner Granted Certificate of Consent from Gaming Board for Great Britain.Business Editors/Travel Writers PARADISE ISLAND For the DC Comics fictional island formerly known as Paradise Island, see Themyscira Paradise Island is an island in the Bahamas, north of the island of New Providence which is home to (Nassau). It is best known for the sprawling 'Vegas-by-the-sea resort' Atlantis. , The Bahamas--(BUSINESS WIRE)--March 30, 2004 Kerzner International Limited (NYSE NYSE See: New York Stock Exchange :KZL) (the "Company"), a leading international developer and operator of destination resorts, casinos and luxury hotels, today announced that it has been granted a Certificate of Consent from the Gaming Board for Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. . The announcement will enable the Company to apply for the transfer of the London Clubs (LCI LCI Livable Centers Initiative LCI Life Cycle Inventory LCI Landing Craft, Infantry LCI La Chaine Info (French cable news channel) LCI Lean Construction Institute LCI Lions Club International ) license in Northampton into its name, and proceed with its plans for a casino in Northampton. The awarding of a Gaming Board Certificate of Consent is a positive recognition of the Company's high standards of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and excellent operating credentials. "We are very pleased with the Board's decision to grant a Certificate of Consent to operate in Northampton, and look forward to entering the UK gaming market," said Kerzner's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of UK Gaming, Tobin Prior. "We continue to look at investment and development opportunities in the anticipated deregulated market to introduce our unique combination of entertainment and destination gaming and are well placed to capitalize on these opportunities," said Butch Kerzner, CEO, Kerzner International. About the Company Kerzner International Limited (NYSE:KZL) is a leading international developer and operator of destination resorts, casinos and luxury hotels. The Company's flagship brand is Atlantis, which includes Atlantis, Paradise Island, a 2,317-room, ocean-themed destination resort located on Paradise Island, The Bahamas. Atlantis, Paradise Island is a unique destination resort featuring three interconnected hotel towers built around a 7-acre lagoon and a 34-acre marine environment that includes the world's largest open-air marine habitat and is the home to the largest casino in the Caribbean. The Company also developed and receives certain revenue derived from Mohegan Sun in Uncasville, Connecticut, which has become one of the premier casino destinations in the United States. In its luxury resort hotel business, the Company manages nine resort hotels primarily under the One&Only brand. The resorts, featuring some of the top-rated properties in the world, are located in The Bahamas, Mexico, Mauritius, the Maldives and Dubai. Further One&Only properties are either underway or in the planning stages in the Maldives and South Africa. For more information concerning the Company and its operating subsidiaries visit http://www.kerzner.com. This press release contains forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements involve risks and uncertainties which are described in the Company's public filings with the Securities Exchange Commission. |
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