#Jamaica #Ocho Rios #Dolphin Cove #World of Dolphins #Marine Attractions

World of Dolphins Inc. Considers Sale of Its Dolphin Cove Stake

World of Dolphins Inc., a subsidiary of Leisure Investments Holdings LLC, has publicly announced its intention to explore options for selling its significant 79.99% stake in Dolphin Cove Limited, a prominent player in Jamaica's marine attractions sector. This move underscores a pivotal moment for both companies involved and opens new opportunities for potential buyers.

Background on Dolphin Cove Limited

Founded in 1998 and headquartered in Ocho Rios, Jamaica, Dolphin Cove Limited operates four main locations on the island: Ocho Rios, Moon Palace, Jamaica Grande, and Lucea. The company is well-known for offering unique marine experiences that allow visitors to engage closely with dolphins and other marine wildlife. Additionally, it manages the Yaaman Adventure Park in Ocho Rios, where guests can enjoy a variety of outdoor recreational activities, including ziplines, waterfalls, and all-terrain vehicle adventures.

As a public company listed on the Jamaica Stock Exchange under the ticker symbol DCOVE, Dolphin Cove Limited has built a successful brand that specializes in experiential tourism, offering not just dolphin programs but also diverse animal encounters and ancillary services, including dining options and retail shops. The majority stake held by World of Dolphins Inc. ensures strategic management and influence over its operations.

The Sale Process

Interested parties looking to acquire either a portion or the entirety of the 79.99% stake can reach out to Greenhill & Co., LLC, which is facilitating the investment banking process for the potential sale. As part of this initiative, Greenhill advisors will provide necessary documentation, such as non-disclosure agreements and access to data rooms, providing potential buyers with insight into the company’s operations and future outlook. The engagement with Greenhill is crucial for maintaining confidentiality and ensuring a smooth transaction process.

Current Financial Context

It is important to note that on March 31, 2025, Leisure Investments Holdings LLC, the parent entity of World of Dolphins, filed for Chapter 11 bankruptcy protection in Delaware. However, neither World of Dolphins nor Dolphin Cove Limited participated in this filing or are currently involved in any restructuring or insolvency processes. This development adds a layer of complexity to the potential sale, making it imperative for prospective investors to carefully evaluate the situation.

Despite the bankruptcy filing of its parent company, Dolphin Cove Limited continues to thrive in its operational domain, standing as a beacon of marine tourism in Jamaica. The company boasts a loyal customer base and remains a favored destination for both locals and tourists seeking marine experiences.

Implications for the Future

The exploration of a sale signifies both a challenge and an opportunity for World of Dolphins. The potential divestiture of Dolphin Cove Limited could enable the company to focus on its core strengths and reevaluate its long-term strategies in the marine entertainment sector. For Dolphin Cove Limited, new ownership could pave the way for enhanced investment, enabling further expansion or innovative developments in marine wildlife tourism.

Ultimately, this moment represents a significant crossroads for World of Dolphins Inc. and Dolphin Cove Limited. As they navigate this potential sale, the focus remains steadfast on the continued delivery of exceptional marine experiences to guests, while diligently seeking strategic partners to further their growth. Interested stakeholders should prioritize reaching out to the designated contacts to explore the exciting possibilities that lie ahead for Dolphin Cove Limited and its new investors.