The Atlantis Casino, a prominent feature of the Atlantis Paradise Island resort in the Bahamas, is owned by the Brookfield Asset Management, a global alternative asset manager based in Canada. The resort complex, which includes the gamblezen casino, is one of the largest and most luxurious in the Caribbean, attracting millions of visitors each year with its expansive gaming facilities, water parks, and marine habitats.
Originally developed in the late 1990s, the Atlantis resort was a vision of Sol Kerzner, a South African hotel magnate. Kerzner’s company, Kerzner International, was responsible for the initial construction and operation of the resort, which opened in 1998. The development was a significant investment, aiming to transform Paradise Island into a premier tourist destination. The casino itself became a central attraction, featuring over 100,000 square feet of gaming space, a wide array of table games, slot machines, and a luxurious ambiance that reflects the mythical theme of Atlantis.
In 2011, Kerzner International faced financial difficulties and filed for bankruptcy. As a result, the company restructured its debts and sold the Atlantis resort to Brookfield Asset Management for approximately $175 million. This acquisition included not only the casino but also the entire resort complex, which encompasses numerous hotels, restaurants, and entertainment venues. Brookfield’s purchase marked a significant shift in ownership and management, as the firm sought to leverage its expertise in real estate and hospitality to enhance the resort’s offerings and profitability.
Under Brookfield’s ownership, the Atlantis Casino has undergone various renovations and upgrades aimed at improving the guest experience and expanding its appeal to a broader audience. The company has invested in modernizing the gaming floor, introducing new technology, and enhancing the overall aesthetic of the casino to align with contemporary trends in the gaming industry. Additionally, Brookfield has focused on diversifying the resort’s attractions beyond gaming, promoting family-friendly activities, and emphasizing the unique marine habitats and water parks that Atlantis is famous for.
The ownership of the Atlantis Casino is not just a matter of financial investment; it represents a commitment to maintaining the resort’s status as a leading destination in the Caribbean. Brookfield Asset Management has a long-term vision for the property, emphasizing sustainability and community engagement. The company has initiated various environmental initiatives aimed at preserving the natural beauty of the Bahamas and supporting local communities through job creation and tourism development.
In conclusion, the Atlantis Casino in the Bahamas is owned by Brookfield Asset Management, which acquired the resort from Kerzner International during its financial restructuring. Since the acquisition, Brookfield has focused on enhancing the casino and resort experience, ensuring that Atlantis remains a premier destination for tourists from around the world. The commitment to innovation, sustainability, and community engagement underlines the importance of responsible ownership in the hospitality and gaming industry.
