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Lucky Dragon Resort Las Vegas

CASINO

Guessing they will be completely closed within the month. Aside from a few people who want massive deals, no one, especially their target demo, is going to want to stay there and have to commute to another casino to eat or play. ORIGINAL STORY: The Lucky Dragon hotel-casino, which has only been open for a little over a year, has temporarily closed its gaming and restaurant operations. Multiple workers on the property have.

BY ON April 23, 2019

The Lucky Dragon hotel in Las Vegas is preparing to shut down after a lender owed about $55 million won a bankruptcy auction for the property. The Las Vegas City Council is expected to vote next week to reopen the Lucky Dragon casino, at least temporarily. The casino, which closed in January, would be open for two days in order for the.

It was meant to be a formidable competitor on the Las Vegas skyline, attracting the Asian market that was grossly underrepresented, according to its developers. However, in January 2018, less than a year after opening, the Lucky Dragon Casino & Hotel shut down its gambling operations and permanently closed eight months later. Since then, it has been looking for someone willing to take a big gamble on the unlucky property, only to not find a single suitor—until now.

Six months after it closed for not paying its bills, the Lucky Dragon has a new owner, and, in terms of Las Vegas prices, the property was purchased for pennies. Don Ahren, the chairman and CEO of a construction equipment rental company in Vegas, purchased the property for just $36 million. It cost $160 million to build the establishment two years ago.

Ahren expects to relaunch the property has a non-gaming hotel, capitalizing on the 203 keys originally offered by the venue. The casino space, which measures 27,500 square feet, will be converted into conference and meeting areas. That falls in line with the current campaign underway in Las Vegas to attract visitors for activities other than gaming. Diamond jacks casino rewards club. Ahren adds that the Lucky Dragon name will definitely be stripped away, but he has yet to decide on a replacement. History shows that he should stay away from names that contain “lucky” or “13.” https://brownbay.amebaownd.com/posts/15809092.

The Lucky Dragon was unlucky for a great number of individuals. Investments were collected from a number of Chinese nationals who were offered residency in the U.S. in exchange for their money. That scheme was facilitated through a visa program offered in the U.S., the EB-5 visa program, that allows individuals to apply for residency in exchange for investments of $500,000 or more in certain industries. However, because the Lucky Dragon never really got off the ground, those investors have lost their money, as well as the shot at residency in the United States.

There’s still a little hope for them, though, as they have been reportedly working with lawyers to try and figure out a solution to their issues. Shadowrun dragonfall maximum spell slots. They had previously hoped to be able to recuperate something from the sale of the property, but, at a sales price of just $36,000, there isn’t anything to offer.

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BY ON April 23, 2019

Lucky Dragon Resort Las Vegas

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Lucky Dragon Closed Las Vegas