Oscars Group buys Sydney's Luna Park for over $50M, aiming to boost it as a top tourist site.

Oscars Group, a major Australian hospitality company, has acquired Sydney's iconic Luna Park for over $50 million, outbidding other theme park operators. The deal includes 17 rides, heritage buildings like the Coney Island funfair and the Crystal Palace, and a prime harborfront location. Oscars Group aims to enhance Luna Park as a top tourist destination. The park, celebrating its 90th year, has seen record visits and plans to launch new attractions.

December 02, 2024
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