Leisurecorp, formerly Istithmar Leisure, is a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Dubai World Dubai World () is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. A ...

, established in 2006, that invests in sports and leisure facilities, with

golf Golf is a club-and-ball sport in which players use various Golf club, clubs to hit a Golf ball, ball into a series of holes on a golf course, course in as few strokes as possible. Golf, unlike most ball games, cannot and does not use a standa ...

being a particular focus.

Sites

Among the sites owned by Leisurecorp are

PGA European Tour The European Tour, currently titled as the DP World Tour for sponsorship reasons, and legally the PGA European Tour or the European Tour Group, is the leading men's professional golf tour in Europe. The organisation also operates the European ...

venues Pearl Valley Golf Estates in

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

, and

Jumeirah Golf Estates Jumeirah Golf Estates is a luxury residential golf community that is located along E 311 road (United Arab Emirates), in Me'aisem 1, Dubai, United Arab Emirates. In 2021, it was rated among the top 10 lifestyle estates in the world. Jumeirah Go ...

in Dubai. It bought the Turnberry Resort in

Scotland Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ...

in October 2008, which hosted the 2009

Open Championship The Open Championship, often referred to as The Open or the British Open, is the oldest golf tournament in the world, and one of the most prestigious. Founded in 1860, it was originally held annually at Prestwick Golf Club in Scotland. Later th ...

, and sold it to

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...

in April 2014. Leisurecorp also has major shareholdings in Island Global Yachting, Troon Golf, GPS Industries, and

Snowmass, Colorado Snowmass (sometimes known locally as Old Snowmass) is an unincorporated community and a U.S. Post Office located in Pitkin County, Colorado, United States. It is situated in the valley of the Roaring Fork River, near the mouth of Snowmass Cre ...

History

In November 2007, Leisurecorp agreed a major partnership deal with the PGA European Tour. The highlight of the deal saw the creation of the season ending

Dubai World Championship The DP World Tour Championship is a golf tournament on the European Tour and is the climax of the Race to Dubai. It is contested on the Greg Norman-designed Earth course at the Jumeirah Golf Estates in Dubai, United Arab Emirates. The title spo ...

, held annually on the Earth Course at Jumeirah Golf Estates. The

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

10 million prize fund makes it the world's richest golf tournament. In addition, the European Tour Order of Merit was rebranded as the Race to Dubai, with an additional US$10 million bonus fund, and the top 60 players qualifying for the season finale. The PGA European Tour's International Headquarters were also moved to Jumeirah Golf Estates in 2009, and from the 2010 season, the European Tour schedule will open and close at Leisurecorp venues, starting with the South African Open at Pearl Valley and finishing with the Dubai World Championship. There are also plans for the European Open, a regular tour event, to be moved and make Turnberry its permanent home, although there are reports that this could affect the venues place on the Open Championship rota. Having developed this close relationship with the PGA European Tour, Leisurecorp hopes that in the future, it may be able to stage the

Ryder Cup The Ryder Cup is a biennial men's golf competition between teams from Europe and the United States, with hosting duties alternating between venues in Europe and the United States for each edition. The cup is named after the English businessman S ...

in Dubai.

References

External links

Official website

Company Overview of Leisurecorp LLC

Business Setup in Dubai
Entertainment companies established in 2006 Companies based in Dubai Investment companies of the United Arab Emirates Dubai World Emirati companies established in 2006 {{UnitedArabEmirates-stub