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Bahamas: Atlantis secures additional funding, no firm reopening date

NASSAU, BAHAMAS — Atlantis’ top executive has stated that the resort still does not have a firm reopening date, noting that it had secured additional funds to help ensure the long-term financial stability of the company. 

Audrey Oswell, Atlantis’ president, and managing director said in a letter to employees that the funds will allow the resort to provide partial vacation payments to furloughed employees.

The resort has been closed for six months.

 “It’s been six months since Atlantis closed its doors due to COVID-19,” Oswell said.

“At the time we hoped the closure would be short-lived and tourism would rebound quickly. Regrettably, that is not how the pandemic has played out. During our closure, much work has been done into shoring up the long-term future of Atlantis and consequently all of our livelihood. 

“Earlier this week we secured additional funds that will help to ensure the long-term financial stability of the company. Atlantis has not been sold.

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