Lucky Dragon Casino is a casino in Nevada and has an elevation of 624 metres. Lucky Dragon Casino is situated northwest of Las Vegas Convention Center and is close to Chester Stupak Park (park).
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In the Area
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Allure Las Vegas is a single tower residential complex in Las Vegas, Nevada.Lucky Dragon
Lucky Dragon Hotel and Casino is a closed Asian-themed boutique hotel and locals casino in Las Vegas, Nevada.Bonanza Gift Shop
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The Las Vegas Festival Grounds is an open-air venue on the Las Vegas Strip in Winchester, Nevada.SLS
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The Stratosphere Las Vegas is a hotel, casino and tower located on Las Vegas Boulevard just north of the Las Vegas Strip in Las Vegas, Nevada, United States.Lucky Dragon Casino
- Type: casino
- Location: Nevada, Southwest, United States, North America
- Latitude: 36.1439° or 36° 8' 38.2' north
- Longitude: -115.1601° or 115° 9' 36.4' west
- Elevation: 624 metres (2047 feet)
- GeoNames ID: 11696013
In the Area
Localities
- Las Vegas Convention Center1½ km southeast
- Downtown Las Vegas2½ km northeast
- Koreatown3½ km west
- Las Vegas DownTown3½ km northeast
Landmarks
- Chester Stupak ParkPark, 340 metres north
- Sahara Shopping CenterMall, 410 metres southeast
- Nevada SquareSquare, 570 metres south
- Butterfly SquareSquare, 650 metres east
Landmarks from OpenStreetMap
- Allure Las VegasResidential area
- Lucky DragonHotel
- Bonanza Gift ShopGift shop, 190 metres east
- Las Vegas Festival GroundsPark, 270 metres southwest
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A failed Las Vegas casino was bought earlier this week, according to a report from the Las Vegas Review-Journal.
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Don Ahern, chairman of the board and CEO of construction equipment company Ahern Rentals, purchased the closed Lucky Dragon Hotel and Casino from Snow Covered Capital for $36 million.
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The Asian-themed casino opened in December 2016 and was the first new casino in Las Vegas since Aria was opened in 2010. It was a $139 million project located just north of the strip.
The casino struggled from the start, however, and by March 2017, approximately 100 of the 800 employees were fired as a result of poor customer turnout. In September of that same year, the Lucky Dragon received a default notice on its $90 million loan.
In January 2018, the casino and restaurants were closed in an effort to reorganize the company and reopen within six months. A foreclosure notice was filed the following month. At the time of foreclosure, there was still $48.9 million remaining on the loan.
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Lucky Dragon entered Chapter 11 bankruptcy, which temporarily preserved the jobs of the remaining 98 hotel employees. The hotel closed in March of 2018.
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Snow Covered Capital, the resort’s main lender, took ownership of the property and set the opening bid for the property at $35 million at the foreclosure auction last October. It received no bids.
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The property features a nine-story hotel with 203 rooms and 27,500 square feet of gaming space. When the property was open, there were five restaurants and a spa as well.