| Mon 1 Mar 2010, 8:10 | | SUI - Sun International - Sun International`s Monticello casino and |
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SUI
SUI
SUI - Sun International - Sun International`s Monticello casino and
entertainment world badly damaged in Chile earthquake
Sun International Limited
Registration number: 1967/007528/06
Share code: SUI
ISIN: ZAE000097580
SUN INTERNATIONAL`S MONTICELLO CASINO AND ENTERTAINMENT WORLD
BADLYDAMAGED IN CHILE EARTHQUAKE
(Johannesburg, 01 March 2010) Sun International confirmed today that
Monticello, located approximately 60 km south of Santiago in Chile,
had been damaged in the massive earthquake on Saturday morning.
CE David Coutts-Trotter said that its Monticello operation had
evacuated over 3,500 people in less than eight minutes. "Miraculously
given the strength of the quake and aftershocks, only five people were
injured, one seriously who is receiving medical treatment and every
assistance from us.
"There has been significant damage to the casino and retail complex
including the convention centre and administration areas, some of it
due to the quake and aftershocks and some due to the sprinkler system,
which was activated during the tremor. As an indication of the
severity of the quake, a two-ton safe moved over a metre during the
tremor.
"Monticello was immediately closed, all services switched off, the
complex secured and cordoned off. The complex will remain closed for
the foreseeable future while the damage is better assessed and the
building cleared up and essential remedial works are completed. Safety
of our guests and staff is our overriding concern in this situation."
"Our emergency evacuation process worked exceptionally well and our
management and staff at Monticello performed exactly according to
their training. This contributed in no small measure to protecting the
lives and safety of our guests and staff and kept injuries to an
absolute minimum."
"The company has earthquake insurance in place for both the damage to
property and the costs of business interruption. There will however be
a deductible in terms of the policy amounting to some $8m."
"Sun International expresses its solidarity with the people of Chile
in the wake of this catastrophic event. Together with the management
of Monticello, we will work with local communities to assist with the
enormous work required in the aftermath of the quake."
ENDS
For further information, please contact Tamra Veley on 083 251 3658.
1 March 2010
Sponsor: Investec Bank Limited
Date: 01/03/2010 08:10:22 Produced by the JSE SENS Department.
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