International edition
July 16, 2018 | Edition Nº3528

It also laid off some staff members

Las Vegas Lucky Dragon shutters casino and restaurants due to reorganization

Las Vegas Lucky Dragon shutters casino and restaurants due to reorganization
Gaming analysts say the casino closure jeopardizes jobs and USD 60 M in loans from Chinese investors.
United States | 01/05/2018

The company has confirmed the temporary closure of its gaming and restaurant operations as part of a reorganization, just a year after its grand opening.

T

he Asian-themed Lucky Dragon boutique hotel not only shuttered its casino and restaurants but also laid off some staff members on Thursday.

The property on West Sahara Avenue announced the hotel would remain open with full room service amenities and the Cha Garden would remain open with a full bar at night and an expanded food menu, according to a post to the site’s Twitter account Thursday.

“While this is a difficult decision, this repositioning paves the way for Lucky Dragon to establish new partnerships that will enhance the property’s long-term positioning and provide a better guest experience,” the statement read.

It was unclear how many staff members were laid off Thursday, though the company said those employees would have the opportunity to rejoin the hotel when gaming and additional restaurant operations resume “within six months.”

Gaming analysts say the casino closure jeopardizes jobs and USD 60 M in loans from Chinese investors.

David Schwartz--UNLV Director for the Center of Gaming and Research says the challenge still continues for casinos on the north Strip.

"Well, it's definitely another negative sign for the north end of the strip. Certainly, there have been a lot of problems up there. A lot of the projects that were planned have not developed so this is another roadblock for the north strip."

The casino released a full statement below:

Effective immediately Lucky Dragon Hotel & Casino is beginning the process of repositioning and, in doing so, will have a reduction in staff while it temporarily closes all gaming and restaurant operations. The hotel and gift shop will remain fully operational including room service, morning tea and coffee. In addition, Cha Garden will remain open, featuring a full bar at night and an expanded food menu. While this is a difficult decision, this repositioning paves the way for Lucky Dragon to establish new partnerships that will enhance the property’s long-term positioning and provide a better guest experience.

We would like to thank our outstanding colleagues for their many contributions, hard work and dedication to the resort. All staff laid off will have the opportunity to rejoin the Lucky Dragon team when gaming and additional restaurant operations resume within six months.

All gaming chip and ticket redemptions can be done through the front desk at the hotel. Any previous gaming, food and beverage promotions or offers will no longer be valid.

We look forward to the future and reuniting with our team members as we implement this repositioning process.

An independent casino unaffiliated with the larger gaming companies that dominate the city’s gambling landscape, Lucky Dragon opened with a gala celebration in November 2016 catering to Asian customers and tourists.

Yogonet.com / CBS Las Vegas / 3 News Las Vegas
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