Sunday, October 30, 2011
Geoffrey and Brynne Edelsten spend millions on Caribbean resort, casino
Edelsten and second wife Brynne last week exchanged contracts on the Playa Chiquita Resort and Casino, a small resort which sources say Edelsten bought for a song.
Although Edelsten's reps would not confirm the figure he paid yesterday, we were informed Edelsten plans to transform the Caribbean property into a nightclub with accommodation for 500.
"He will live part of the year there but will continue to base himself in Australia," said his publicist John Scott.
Playa Chiquita (meaning small beach) is on the coast of Sosua and is one of two casinos in the region although the Dominican Republic itself is a gaming sanctuary.
To help manage the renovation Edelsten, 68, also snapped up a private jet - a Challenger 601 - which he will base in Miami for flights to the resort.
Edelsten had a colourful 45 years as a doctor, entrepreneur and one-time Sydney Swans investor/promoter.
The Allied sale reportedly swelled his wealth by $100 million, with some spent buying his wife's favourite Vegas fashion label, Nurielle, for which she is a designer.
On November 15 the man perennially dubbed "disgraced medico" will release Enigma, a frank and revealing tell-all book of his life and the year spent in jail after being found guilty of soliciting hitman Christopher Dale Flannery to beat up a former patient.
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at 7:47 PM