As per the beneficiary's request

Las Vegas: Lucky Dragon auction postponed to February 22

The nine-story resort hotel with 27,500 square feet of casino space sits on a 2.5-acre lot on the north end of the Strip.
2018-02-07
Reading time 52 seg
The auction of the nine-story resort hotel on the north end of the Las Vegas Strip will take place at Nevada Legal News at 930 South Fourth Street, near Charleston Boulevard and Coolidge Avenue.

The Lucky Dragon hotel and casino auction has been postponed. An auction was scheduled to take place on Tuesday morning.

It is now scheduled to take place on Feb. 22 at the same time, 10 a.m., due to the beneficiary's request.

The property opened in November 2016. 10 months later the casino received a default notice for a $90 million loan, which was the first indication that the property was struggling. In December, just past the one-year anniversary, the property laid off employees when gaming and restaurant sections halted operations.

The property aimed to attract Asian tourists and lure them away from well-established casinos. The Lucky Dragon also failed to appeal to locals. During its opening, the gaming floor was filled with popular Asian games like baccarat and had limited blackjack and no craps tables.

The nine-story resort hotel with 27,500 square feet of casino space sits on a 2.5-acre lot on the north end of the Strip.

The auction will take place at Nevada Legal News at 930 South Fourth Street, near Charleston Boulevard and Coolidge Avenue.

Nevada Legal News said a last minute bankruptcy or outside investors could stop the sale.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR