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Closing of Resorts Sale PARADISE ISLAND, The Bahamas, April 18, 2001 - Sun International Hotels
Limited (NYSE: SIH) today announced that the closing of the sale of the
Resorts Casino Hotel to an affiliate of Colony Capital LLC is scheduled
for April 26, 2001.
Sun International Hotels Limited is an international resort and gaming company that develops, operates and manages premier resort and casino properties. The Company currently operates or manages resort hotels and/or casinos in The Bahamas, Atlantic City, Indian Ocean and Dubai. In addition, the Company earns income based on the gross revenues of the Mohegan Sun Casino, operated by an unaffiliated entity in Connecticut. The Company�s largest property is Atlantis, a 2,317-room resort and casino located on Paradise Island, The Bahamas. The ocean-themed environment of Atlantis includes a 14-acre saltwater marine life habitat which features the world�s largest open air aquarium, showcasing over 100 species of marine life, waterfalls, lagoons, adventure walks and a clear tunnel submerged in a predator lagoon through which visitors can walk and be surrounded by sharks, sea, turtles, stingrays and other marine life. Certain statements and information included in this release constitute �forward-looking statements� within the meaning of the Federal Private Securities Litigation Reform Act of 1995. |
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John Allison Executive Vice President - Chief Financial Officer Sun International Hotels Limited 1-242-363-6016 |
Also See | Vistana and Sun International Form Joint Venture to Develop Harborside Resort at Atlantis Paradise Island / April 2000 |