Monopoly Dreams companies liquidated after CBD closure

The operators of the Monopoly Dreams Melbourne indoor theme park have been placed into liquidation, bringing a formal end to a high-profile entertainment venture that collapsed after just two years of trading in Melbourne’s CBD.

MD Entertainment Pty Ltd and D‑Anchorage Enterprises Pty Ltd were wound up on 30 January 2026, with Shane Cremin and Brent Morgan of Rodgers Reidy appointed liquidators. The pair had already been acting as voluntary administrators following the companies’ cessation of trade in December.

The liquidation follows the closure of the Monopoly Dreams Melbourne attraction, a 1,650 square metre indoor venue located within the Melbourne Central complex. The business employed more than 50 staff at the time of its shutdown and offered a range of themed attractions tied to the Monopoly brand, including immersive rooms and interactive games.

According to reports to creditors, the collapse was driven by a combination of funding withdrawals, elevated operating costs, and an unsustainable lease position. A major shareholder withdrew financial support after being notified that rental assistance provided by the landlord would not continue into 2026, cutting off the primary source of cash used to meet ongoing expenses such as rent and wages. Financial records show also that the business incurred significant losses in each year of operation, with expenses far outstripping revenue as visitor numbers failed to meet projections.

The companies’ liabilities are substantial. MD Entertainment alone reported debts exceeding $60 million, with the landlord, Melbourne Central Custodian, lodging claims for rental arrears, future rent losses, and make-good obligations. Related entities and shareholder lenders have also asserted multi-million dollar claims, reflecting the extent to which the business relied on related-party funding to remain solvent.

Employees are owed outstanding wages, superannuation, and redundancy entitlements, while the Australian Taxation Office has lodged claims for unpaid GST. Secured debt is limited, leaving recoveries for unsecured creditors uncertain and likely dependent on asset realisations.

The liquidators are in the process of valuing remaining assets, including themed merchandise and site equipment. The potential sale of branded stock is subject to restrictions under the park’s licensing arrangements with international rights holders, and negotiations are ongoing to determine whether any inventory can be sold commercially.