Exhibit 12.1

KERZNER INTERNATIONAL LIMITED

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In Thousands of US Dollars)

	For the years ended December 31,
	1999		2000 (2)		2001		2002		2003		Quarter Ended March 31, 2004
Income (loss) from continuing operations before provision for income taxes and minority interest	75,591		(109,134	)	38,359		47,760		71,769		38,852
Fixed charges	57,457		58,713		63,881		41,728		32,059		9,322
Amortization of capitalized interest	1,417		1,579		1,948		1,985		1,993		502
Distributed income of equity investees	39,540		18,590		20,036		30,258		21,864		13,058
Less: Equity earnings in equity investees	(36,246	)	(23,733	)	(26,473	)	(24,832	)	(33,640	)	(13,422	)
Less: Capitalized interest	(4,865	)	(11,072	)	(1,099	)	(237	)	(433	)	(520	)
Less: Minority interest that have not incurred fixed charges	—		—		—		—		(1,340	)	2,152
Earnings available for fixed charges	132,894		(65,057	)	96,652		96,662		92,272		49,944
Interest expense and amortization of debt issuance costs, discounts and premiums	50,699		45,678		60,375		39,104		29,264		8,164
Capitalized interest	4,865		11,072		1,099		237		433		520
Interest component of rentals (3)	1,893		1,963		2,407		2,387		2,362		638
Total fixed charges	57,457		58,713		63,881		41,728		32,059		9,322
Ratio of earnings to fixed charges	2.31		—		1.51		2.32		2.88		5.36

(1)The consolidated financial statements for the years ended December 31, 2002, 2001, 2000 and 1999 were restated. See “Note 2 - Restatement and Reclassifications” to our consolidated financial statements included in our Annual Report on Form 20-F incorporated by reference into this prospectus.

(2)Earnings were insufficient to cover fixed charges by $123,770 for the year ended December 31, 2000.

(3)The Company estimates the interest component of rentals to be 0.33.