![\"\"](\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/03\/atlantis-paradise-island.jpg\" "\\"Atlantis")
NASSAU, Bahamas — Prime Minister Perry G. Christie said the Government has continued to collaborate with the owners and operators of Atlantis, the nation\u2019s largest private sector employer and most prominent resort which affords continuing, high level awareness of this destination in the marketplace.<\/p>\n
During his Contribution to the 2012\/2013 Mid-year Budget Statement in the House of Assembly, Monday, March 18, 2013, the Prime Minister said he could not underscore sufficiently the contribution that Atlantis continues to make to the Bahamian economy.<\/p>\n
He broke down the economic impacts:<\/p>\n
Current Direct Employment \u2013 8,187<\/p>\n
The indirect Employment impact of Atlantis extends to:<\/p>\n
1.\u00a0\u00a0\u00a0 \u00a0Outsourced functions such as retail concessions, spa, transportation and contract cleaning.<\/p>\n
2.\u00a0\u00a0\u00a0 \u00a0Construction and Development Jobs.<\/p>\n
3.\u00a0\u00a0\u00a0 \u00a0Employment generated outside of the resort by the spending of Atlantis visitors on local transportation, shopping, meals and excursions.<\/p>\n
4.\u00a0\u00a0\u00a0 \u00a0Jobs created as a result of the purchases of Bahamian goods and services to support Atlantis operations.<\/p>\n
Prime Minister Christie said, \u201cWhen factoring in the additional jobs being created by suppliers, service providers and contractors, Atlantis is responsible for the creation of a total of at least 16,000 direct and indirect jobs.<\/p>\n
The Prime Minister said Atlantis\u2019 continued commitment to capital improvements and projects has resulted in a steady stream of construction related jobs and compensation.<\/p>\n
\u201cOver the past 12 months over $35,000,000 has been spent on Capital Expenditures.\u00a0 Where construction is concerned, over $11 million was with local contractors providing over 260 jobs.<\/p>\n
Prime Minister Christie said, \u201cThe 2013 Capital Expenditure Budget has been established in the amount of $42,000,000.\u00a0 A significant amount of the construction will go to local contractors.\u201d He explained that the resort has developed a strong partnership with the Bahamian community, exhibiting commitment to its social responsibility.<\/p>\n
\u201cSince 1993, over $27 million has been given to Charities, Park and Green space Development, Beach restoration, Junkanoo, Sporting Organizations, and Hunger Programmes, training in Culinary and Hospitality, Independence and Hurricane Relief at a rate in excess of $1.5 million dollars per year.<\/p>\n
The Prime Minister said, \u201cAs an industry leader, Atlantis is extending sports betting in its Casino and has been given permission to introduce mobile gaming on its resort premises.<\/p>\n
\u201cAtlantis will be well poised to take advantage of the new cutting edge games and revised, modernized casino legislation which will be introduced in Parliament shortly, making The Bahamas more competitive with major casino jurisdictions.<\/p>\n
Update on Paradise Island Harbour Resort Prime Minister Christe updated the Parliamentarians on the Paradise Island Harbour Resort on Paradise Island, which was a victim of the Lehman Brothers financial collapse.<\/p>\n
He said it has been struggling to remain in business for some time, with the attendant threat of loss of many jobs and room inventory.<\/p>\n
\u201cRecently my Government has approved the purchase of this hotel by the well-known Warwick Hotels, operators of businesses and resort hotels in the U.S., Europe and the Pacific.\u00a0 The new owners are now planning extensive renovations of this entire property which should be completed by the winter season.<\/p>\n
\u201cWe welcome this substantial new investment and the addition of the Warwick brand to our tourism product,\u201d the Prime Minister said.<\/p>\n
By: Llonella Gilbert The prime minister said he could not underscore sufficiently the contribution that Atlantis continues to make to the Bahamian economy, the nation\u2019s largest private sector employer.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[153,29,98,229],"class_list":["post-33263","post","type-post","status-publish","format-standard","hentry","category-business","tag-business-2","tag-economy","tag-financial","tag-resorts"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/33263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=33263"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/33263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=33263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=33263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=33263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBahamas Information Services<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"