Exploring the Future: World of Dolphins Eyes Sale of Majority Stake in Dolphin Cove Ltd.

World of Dolphins Considers Divesting Its Stake in Dolphin Cove Ltd.

On September 18, 2025, World of Dolphins Inc., an indirect subsidiary of Leisure Investments Holdings LLC, announced its assessment of the potential sale of its 79.99% stake in Dolphin Cove Limited, a company listed on the Jamaica Stock Exchange under the symbol DCOVE. This strategic move comes in light of recent developments concerning its parent company, which filed for Chapter 11 bankruptcy protection earlier this year.

Dolphin Cove Limited is a leading marine attractions company in Jamaica, known for delivering immersive experiences with dolphins and other marine life at its four top-tier locations on the island's north coast, including Ocho Ríos, Moon Palace, Jamaica Grande, and Lucea. The company also operates the Yaaman Adventure Park in Ocho Ríos, which provides a full suite of outdoor activities such as four-wheeling, zip-lining, and exploring waterfalls.

Since its founding in 1998, Dolphin Cove has rapidly become a key player in experience-based tourism, offering programs that include dolphin encounters, various animal experiences, as well as dining and retail services. Its majority ownership stands at 79.99% held by World of Dolphins Inc., while the founder, Stafford Burrowes, retains a minority share of approximately 9.8% and continues to serve as chairman of the board.

Interested parties looking to acquire part or all of World of Dolphins' stake in Dolphin Cove are encouraged to reach out to Greenhill & Co., LLC, the investment banker for the company. Prospective buyers will be offered confidentiality agreements and access to data rooms containing comprehensive information about the sale process.

The recent decision to evaluate the sale comes after Leisure Investments Holdings LLC, responsible for more than 30 marine parks and dolphin habitats worldwide, voluntarily sought Chapter 11 bankruptcy protection on March 31, 2025, in Delaware. Notably, World of Dolphins and Dolphin Cove Limited are not part of this bankruptcy filing and are not undergoing any formal restructuring or insolvency procedures. This isolation from the bankruptcy process allows them to explore options to enhance their operational and financial standing.

About Dolphin Cove Limited

Dolphin Cove Limited (JSE DCOVE) operates as a subsidiary of World of Dolphins, which is, in turn, a subsidiary of Leisure Investments Holdings LLC. The company provides marine attractions in Jamaica, showcasing dolphin programs and an adventure park with activities such as all-terrain vehicle rides, zip-lining, and waterfall explorations, alongside complementary services like restaurants and retail outlets. Established in 1998, Dolphin Cove has its headquarters in Ocho Ríos, Jamaica.

Potential investors seeking further information, including court filings and claims details, can contact via the website veritaglobal.net/dolphinco or through the following numbers: 888-733-1434 (U.S./Canada) or 310-751-2633 (international).

This exploratory sale not only marks a significant transition for Dolphin Cove Limited but also signals the ever-changing landscape within the marine park industry, as companies navigate financial complexities and seek strategic partnerships to remain viable in a competitive market.