Failed Las Vegas Lucky Dragon sold for USD 36M
April 23rd, 2019 at 8:53:27 AM
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Failed 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
* 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
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
April 23rd, 2019 at 8:58:39 AM
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Interesting.... I feel like the Lucky Dragon was too far away from everything else to be competitive as a casino, but as just a hotel and convention center, it's still close enough to everything to appeal to people who don't want to be in the thick of everything.
April 23rd, 2019 at 9:04:25 AM
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Most likely acquired as a real estate investment until Resorts World has completed their property. I wonder if the casino license will be maintained. I imagine it will.
April 23rd, 2019 at 10:06:41 AM
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Is 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?
April 23rd, 2019 at 10:24:46 AM
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I thought only the real estate was for sale,, no gaming license.
April 23rd, 2019 at 10:32:13 AM
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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.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
April 23rd, 2019 at 10:37:35 AM
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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.
Simplicity is the ultimate sophistication - Leonardo da Vinci
April 23rd, 2019 at 11:18:19 AM
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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.
April 23rd, 2019 at 8:06:33 PM
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If anyone is interested, this somewhat lengthy video tells the whole sad story.
Have you tried 22 tonight? I said 22.
April 23rd, 2019 at 10:24:53 PM
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TLDW: Orange chicken not available at the restaurant
"Man Babes" #AxelFabulous
April 23rd, 2019 at 10:25:59 PM
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Quote: djatcTLDW: Orange chicken not available at the restaurant
I think that's what did them in.
April 24th, 2019 at 12:12:25 AM
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I'm a little bummed only because I wanted to add a chip to my collection from there and they were closed last time I was nearby. Shame.
"Just because I'm not doing anything illegal, doesn't mean I won't have to defend myself someday." -Chip Reese
April 24th, 2019 at 5:01:08 AM
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This article from 2018 sez:
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/
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/
There's emptiness behind their eyes
There's dust in all their hearts
They just want to steal us all and take us all apart
April 24th, 2019 at 5:31:13 AM
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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?
April 24th, 2019 at 7:44:14 AM
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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
Its just a forum. Nothing here to get obsessed about.
April 24th, 2019 at 9:18:07 AM
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Quote: djatcTLDW: Orange chicken not available at the restaurant
I agree, that is the reason Panda Express is successful and Lucky Dragon is bankrupt.
At my age, a "Life In Prison" sentence is not much of a deterrent.
April 24th, 2019 at 12:52:47 PM
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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?
Craps is paradise (Pair of dice).
Lets hear it for the SpeedCount Mathletes :)
April 24th, 2019 at 3:10:41 PM
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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
"Man Babes" #AxelFabulous
April 24th, 2019 at 3:37:53 PM
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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
Its just a forum. Nothing here to get obsessed about.
April 27th, 2019 at 5:50:50 AM
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Unlucky Dragon sale: Rental king Ahern picks up a bargain. http://bit.ly/2UZDMUl
* 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
* 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
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
April 29th, 2019 at 1:36:09 AM
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Las Vegas’ Lucky Dragon to become a non-gaming hotel. http://bit.ly/2V4hrEQ
* 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
* 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
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
April 29th, 2019 at 5:41:19 AM
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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.
The difference between fiction and reality is that fiction is supposed to make sense.
April 29th, 2019 at 8:23:09 AM
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Quote: billryanTrader Joe's has a mean Orange Chicken, although I prefer their Teriyaki instead.
Very important to know where to find Orange Chicken.
If the House lost every hand, they wouldn't deal the game.
