EXPRESSING the "thanks of the Government and the people of the Bahamas" for Sir Sol Kerzner's contribution to this country, Prime Minister Hubert Ingraham yesterday announced Kerzner International's reorganisation of its business operations, which will also affect the Bahamas.

Ownership of the Atlantis Resort and Paradise Island properties has been transferred by Kerzner International to a Canadian asset management firm, while Kerzner International, headed by Sir Sol, will continue to manage and operate the Paradise Island resorts -- Atlantis and the One and Only Ocean Club.

Following is the text of Mr Ingraham's statement to the House yesterday afternoon:

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