The Las Vegas Strip and Las Vegas Convention Center Monorail Station are within a half mile of this hotel. It boasts an outdoor pool and hot tub, spacious accommodation with kitchens or kitchenettes. Booking.com is part of Booking Holdings Inc., the world leader in online travel and related services. « » Manage your privacy settings. This Las Vegas resort, adjacent to the Wynn Encore Casino, is located one-half mile from The Strip. It features free parking and an outdoor pool with private cabanas. Booking.com is part of Booking Holdings Inc., the world leader in online travel and related services. May 25, 2017  I'm confused, you wanted a comped room at a casino hotel that you've never played at? Why would they do that? If you book with them, and play a reasonable amount, I'm sure they would give something back on the back end, or future stays, but I really. Lucky Dragon’s challenging location, on Sahara, just off The Strip, near the Bonanza Gift Shop and SLS Las Vegas, made the resort an long shot, but sometimes in Vegas those pay off. A Lucky Dragon insider says wild swings in baccarat were major factor in the closure of the casino. Housekeeping (Former Employee) - Las Vegas, NV - April 27, 2017 I first statrted working at the lucky dragon as a full time employee, as time progresed it became on call. This is a company that is racially motivated to asian groups to hire.

A failed Las Vegas casino was bought earlier this week, according to a report from the Las Vegas Review-Journal.

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.

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.

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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.

Las Vegas Lucky Dragon

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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.

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.

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.

The struggling Lucky Dragon resort has closed its casino and restaurants.

We were the first to report Lucky Dragon was recently put up for sale, and while the resort’s hotel continues to take reservations, entrances to the casino have “Casino Temporarily Closed” signs.

“Temporarily” sounds a little optimistic at this point.

Lucky Dragon’s casino and restaurants closed on Jan. 4, 2018.

Lucky Dragon has had a tumultuous history, including ongoing questions about whether the Asian-themed, boutique resort would be financed or completed.

Even a massive dragon couldn’t change Lucky Dragon’s fortune.

Lucky Dragon officially opened Dec. 3, 2016, thanks in great part to EB-5 financing. With EB-5 financing, investors (typically from Asia) contribute funds to projects and get green cards in return. In the case of Lucky Dragon, those investors will henceforth be referred to as “the monumentally screwed.”

Here’s a statement from Lucky Dragon.

Every time a Las Vegas casino closes, an showgirl loses her tassels.

Optimism for the win!

Despite a strong opening, Lucky Dragon failed to attract its intended customers (including snagging local Asian customers who frequent casinos like Gold Coast and Palace Station), and has made a number of changes to its restaurant offerings.

Normally, this would provide some consolition, but not so much.

Lucky Dragon’s challenging location, on Sahara, just off The Strip, near the Bonanza Gift Shop and SLS Las Vegas, made the resort an long shot, but sometimes in Vegas those pay off.

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A Lucky Dragon insider says wild swings in baccarat were major factor in the closure of the casino. Whales (however few) would win big, then leave for bigger resorts on The Strip with more amenities. Casinos obviously rely on guests staying on-site for a chance to win some back.

Remember, Las Vegas was built on miracles. We hope that’s what the future holds for Lucky Dragon.

We were rooting for Lucky Dragon, but haven’t visited in some time, despite the great rooms (we were quoted a rate of $45 for early February), welcoming casino and top-notch (although limited) cuisine.

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We’ve heard Lucky Dragon would need at least $90 million from a buyer to cover its first and second (EB-5) tier investors.

Lucky Dragon Resort Las Vegas

It’s unknown what’s next for Lucky Dragon, but here’s hoping employees find other options as the resort tries to change its luck.