Australia course sold for $60.2M

Australia’s foremost casino operator has purchased one of greater Melbourne’s high-profile, high-luxury golf properties.

Crown Resorts reportedly paid $67.6 million ($60.2 million in U.S. currency) for Capital Golf Club, a sumptuous, 17-year-old property that features a Peter Thomson-designed golf course. Crown has managed the facility since it opened and has been angling to buy it for years.

The seller was Lloyd Williams, a local developer who fashioned the track out of what’s been described as a flat, featureless site. He reportedly took his inspiration from Steve Wynn’s Shadow Creek Golf Club.

Crown is controlled by James Packer, one of Australia’s richest people. Packer’s holdings include Ellerston Golf Club in New South Wales, which features one of Australia’s top-rated golf courses.

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