|PARADISE ISLAND, The Bahamas - June 1, 2005 -- Kerzner International
Limited (NYSE:KZL) (the "Company"), a leading international developer and
operator of destination resorts, casinos and luxury hotels, today announced
the succession plan for the Bahamas business in response to the retirement
of President/Managing Director Paul O'Neil. George Markantonis, who joined
the Company as President/Managing Director of Atlantis, The Palm, Dubai
in February 2004, will succeed Mr. O'Neil, who will officially leave his
post in early 2006. Mr. Markantonis will assume his new position in September
2005 and will report directly to Howard Karawan, President/Managing Director
of the Company's Destination Resorts business. Mr. Markantonis will be
based in The Bahamas.
Since joining the Company, Mr. Markantonis has played a key role in the planning and development of Atlantis, The Palm, Dubai, the destination resort and vast water-theme park that will extend the Atlantis brand into one of the fastest growing tourist destinations in the world. With Mr. Markantonis's promotion and move to The Bahamas, continued development of Atlantis, The Palm, Dubai will be handled by Alan Leibman, President/Managing Director of Kerzner's destination resort casino development, Mazagan, in El Jadida, Morocco. Prior to joining the Company, Mr. Markantonis was Senior Vice President of Hotel Operations for Caesars Palace in Las Vegas, where he held overall responsibility for day-to-day operations of the 2,500-room, 80-acre luxury resort.
Howard Karawan noted, "This is a very exciting time for the Company, especially for the Paradise Island businesses. Construction of Marina Village at Atlantis, a 65,000 square foot project including four new restaurants and retail space around the Atlantis Marina, is well underway and nearing completion. We have recently begun construction of the expanded water theme park and planning for the remaining elements of the Phase III development is reaching an advanced stage. It was paramount for us to ensure a strong succession plan, and Paul's legacy of leadership combined with George's background and experience will be a tremendous asset to the Paradise Island operations."
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.
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.
Kerzner International Limited
|Also See:||George Markantonis Named Chief Executive Officer of Kerzner's Atlantis, The Palm, Dubai / January 2004|
|AH&MA Honors George Markantonis with the 1999 Arthur Landstreet Award / May 1999|