Lucky Dragon, the Chinese-themed casino resort on the Las Vegas Strip, could soon shut down completely with lawyers for the embattled property filing a motion to end hotel operations and stop all payments to employees and vendors.
The request comes eight months after Lucky Dragon’s casino closed its doors for what it said at the time was part of a “repositioning” process. Despite stating it planned to re-open casino operations by mid-2018, the Las Vegas Review-Journal is reporting that the resort’s main creditor, Snow Covered Capital, was the winning bidder at an auction for Lucky Dragon’s real estate held last Monday 10 September.
Lucky Dragon, a boutique property featuring distinctly Chinese themes and aimed primarily at Asian tourists and California’s large Asian population, opened its doors in late 2016 but struggled to gain any momentum and was quickly forced to make 100 staff redundant in March 2017.
In January it “temporarily” ceased casino operations only to file for bankruptcy protection just a month later.
Lucky Dragon was the first of two Chinese-themed casino-resorts planned for the Las Vegas Strip, with Genting’s US$4 billion Resorts World Las Vegas currently under construction nearby and scheduled to open in 2020.
RelatedPosts
