* The shuttered off-Strip resort has been acquired by the owner of a construction-equipment firm, who plans to re-open it as a nongaming hotel, with the former casino building turned into a conference and convention space... http://bit.ly/2UzHsXw
Quote: TigerWuIs it just me or does $36 million seem really cheap? It's a fraction of what it cost to build just a couple years ago... Were they that desperate to sell?
Weren't they bankrupt? If so, I think they're compelled to take the highest bid, no matter how bad it is - the creditors require it to maximize the payments out to them.
Quote: MrCasinoGamesFailed Las Vegas Lucky Dragon sold for USD 36M. http://bit.ly/2UzHsXw
* The shuttered off-Strip resort has been acquired by the owner of a construction-equipment firm, who plans to re-open it as a nongaming hotel, with the former casino building turned into a conference and convention space... http://bit.ly/2UzHsXw
Does the Strip need more conference and convention space? I can imagine the casino building being re-purposed as a big nightclub. It's about the right size. Parking in their structure was pretty tight though.
Bankruptcy trustee forced bidders to qualify over a year ago, if I recall correctly.Quote: rdw4potusWeren't they bankrupt? If so, I think they're compelled to take the highest bid, no matter how bad it is - the creditors require it to maximize the payments out to them.
Quote: djatcTLDW: Orange chicken not available at the restaurant
I think that's what did them in.
According to a listing online, the Lucky Dragon cost $165 million to build but has an asking price of $56 million.
https://www.reviewjournal.com/business/business-columns/real-estate-insider/lucky-dragons-failure-in-las-vegas-among-fastest-in-decades/
Quote: AyecarumbaDoes the Strip need more conference and convention space? I can imagine the casino building being re-purposed as a big nightclub. It's about the right size. Parking in their structure was pretty tight though.
I actually kinda like that idea. Idk how big nightclubs usually are, but to me it seems like Lucky Dragon would be good for that. There are those weird "room" things in there already. Nice big center. Railings on second floor. Parking should be more than adequate, I'd think.
Only downside is it's not really near anything. You can't really just "walk on over there". You either have to drive yourself (which isn't that great of an idea) or take a taxi/uber (F*** lyft), and given how the location doesn't handle traffic too well......idk. Then again, it is walking distance from the SLS.....but when's the last time you've seen someone in that casino?
Quote: djatcTLDW: Orange chicken not available at the restaurant
I make it myself, not too difficult if I can prepare it
One of my favorite dishes
Quote: djatcTLDW: Orange chicken not available at the restaurant
I agree, that is the reason Panda Express is successful and Lucky Dragon is bankrupt.
Quote: RSYou either have to drive yourself (which isn't that great of an idea) or take a taxi/uber (F*** lyft),
whats wrong with Lyft?
I only use lyft because uber doesn't like my google VoIP phone #.
the only problem I find with Lyft is that they start their tip screen at 20%.
Uber = no tipping until recently but people still have the no tipping mentality? Plus I read Uber's tip screen starts at $0?
Quote: terapinedI make it myself, not too difficult if I can prepare it
One of my favorite dishes
I dont know if you're a professional chef or hwatnot but if you can and the chefs at the LD restauarants couldn't, there is a problem
Quote: djatcI dont know if you're a professional chef or hwatnot but if you can and the chefs at the LD restauarants couldn't, there is a problem
I cheat. Hello Fresh meal kit sent to me via UPS. All the ingredients are already pre measured
Follow the easy directions. A little chopping and squeezing (orange). cook it up
Delicious
* If ever a place needed an owner handy with his hands with a sharp eye for figures, it’s the lowly Lucky Dragon Hotel and Casino just off the Strip.
And this week, after more than a month of rumors linking him to interest in the bankrupt property, equipment rental king Don Ahern announced publicly his purchase of the Asian-themed operation for a bargain price: $36 million. http://bit.ly/2UZDMUl
* Ahern on Monday confirmed the purchase of the hotel and said he plans to reopen it as a non-gaming hotel, with the former casino building turned into a conference and convention space.
“I absolutely will not keep the name,” said Ahern of the Lucky Dragon. http://bit.ly/2V4hrEQ
Quote: DRichI agree, that is the reason Panda Express is successful and Lucky Dragon is bankrupt.
Trader Joe's has a mean Orange Chicken, although I prefer their Teriyaki instead.
Quote: billryanTrader Joe's has a mean Orange Chicken, although I prefer their Teriyaki instead.
Very important to know where to find Orange Chicken.