Kerzner Board of Directors Approves Share Repurchase Program
2005年8月12日 - 7:00PM
ビジネスワイヤ(英語)
Kerzner International Limited (NYSE:KZL) (the "Company"), a leading
international developer and operator of destination resorts,
casinos and luxury hotels, announced today that its Board of
Directors has approved a share repurchase program authorizing the
Company to purchase up to two million of the Company's ordinary
shares. As of August 11, 2005, the Company had 36.3 million shares
outstanding. The share repurchases will be made at management's
discretion from time to time in the open market through block
trades or otherwise. Depending upon market conditions and other
factors, share repurchases may be commenced or suspended at any
time or from time to time without prior written notice. 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 - a unique property 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. The resort is also home to the largest casino in the
Caribbean. The Company recently commenced development of a major
expansion that includes a 600-room all-suite luxury hotel and a
significant enhancement of Atlantis water-based attractions.
Certain parts of this expansion have already opened, including
Marina Village at Atlantis, with the remaining elements expected to
open by early 2007. The Company is extending its Atlantis brand
globally with the development of Atlantis, The Palm, Dubai, an
approximately 2,000-room, water-themed resort expected to open in
2008, currently being constructed on The Palm, Jumeirah, a
multi-billion dollar leisure and residential development in Dubai.
In its gaming segment, the Company developed and receives certain
income derived from Mohegan Sun in Uncasville, Connecticut, which
has become one of the premier casino destinations in the United
States. The Company is also a 37.5% owner of BLB Investors, L.L.C.,
which owns Lincoln Park in Rhode Island and pari-mutuel racing
facilities in Colorado. In the U.K., the Company is currently
developing a casino in Northampton and received a Certificate of
Consent from the U.K. Gaming Board in 2004. In its luxury resort
hotel business, the Company manages ten 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. An additional
One&Only property is currently in the planning stages in 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 provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
involve risks and uncertainties which are described in the
Company's public filings with the U.S. Securities and Exchange
Commission. Investor inquiries regarding the Company should be
directed to Omar Palacios at +1.242.363.6018. Media inquiries
should be directed to Lauren Snyder at +1.242.363.6018.
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