Lucky Dragon Abruptly Closes Casino and Restaurants

16 Comments

• 
  Wendell Girman April 1, 2023

  A motivating discussion is definitely worth comment. I believe that you need to publish more on this subject, it may not be a taboo subject but typically folks don't talk about these topics. To the next! Cheers!!

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• 
  Jaime August 31, 2018

  Is there anyway that you can give us an update on what's going on with Lucky Dragon? I went to check reviews on Trip Advisor for them and there are several recent responses saying that they are working on re-opening their casino & changing/upgrading dining options? Do you know if this is true? Thanks in advance.

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  Scott Roeben September 3, 2018

  Well, they might be working on it, but prospects are slim the casino could open under the current ownership. They're in bankruptcy and trying to reorganize their credit situation, but it looks bleak.

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• Francois Sagat" height="43" width="43">
  Francois Sagat June 28, 2018

  Looks like a nice place to stay with Oliver and make a movie. Anyway, the location is up and coming and the hotel looks like a nice place to stay. I am sure the food is great and the Tea Garden looks fun.

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• 
  Mike L January 6, 2018

  Time for Scott to bust out his wallet. The future Vital Vegas Hotel & Casino?

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• Scott Roeben" height="43" width="43">
  Scott Roeben January 7, 2018

  It would be fun trying to make a go of that place. Rumor was someone eyeing it thought about making it a sports-themed bar experience. That would've been fun to watch, too.

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  Vegas53 January 5, 2018

  Duh...no big surprise here. The food truck on the corner has better food (when they were actually serving food). Crap location and worse business plan. First it was “Mainland Chinese will travel here just to stay in our hotel”. Then after all the laughing died down and no one arrived, they changed their story to “we’ll get all the California Asians to come here”. More laughter...and that obviously didn’t happen either. Layoffs during construction, layoffs a month after opening, further layoffs during 2017. Anyone that didn’t see this coming doesn’t have a clue how to operate a casino resort....like the the senior management at Lucky Dragon.

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• 
  Rocky Sullivan January 4, 2018

  People from LA didn't want to go to Vegas only to wind up in an LA style joint. People from China didn't come all the way to Vegas to go to a casino like the one from home.

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• Scott Roeben" height="43" width="43">
  Scott Roeben January 7, 2018

  Better tell that to the folks at Resorts World!

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• 
  VegasSlushy January 4, 2018

  I'm not sure if I should be surprised the hotel remains open.

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• 
  Alex January 4, 2018

  Perhaps it is just remaining open for a few more weeks to cash in on the Consumer Elections Show (CES). I'm sure they are fully booked at rack rates. Once the show is over, I bet the hotel closes.

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• 
  Mike L January 6, 2018

  I was thinking the same thing. Their hotel still has rooms available for CES, the rates are $415 currently.

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• Scott Roeben" height="43" width="43">
  Scott Roeben January 7, 2018

  I believe it's more related to EB-5 financing, but I guess we'll see when CES leaves town if they hotel remains in operation.

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• Scott Roeben" height="43" width="43">
  Scott Roeben January 7, 2018

  I'll take that bet! It's to preserve the EB-5 investment. Has to operate two years and keep 10 employees for every $500,000 invested.

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• 
  Mike L January 7, 2018

  They opened in November 2016 - So you're saying they're going to have to limp on until November like this? To shut down the casino is just stupid. If anything, they should have shut down the hotel and left the casino operational (ala Binion's or previously Las Vegas Club). If they were making more on the hotel than the casino, they were doing something very wrong.

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• Scott Roeben" height="43" width="43">
  Scott Roeben January 10, 2018

  They need to keep a ton of employees on payroll, and hotel operations employ far more than casinos. It's likely they're already bumping up against the requirements, so not sure of the point, but better than shutting down entirely if they're trying to entice a buyer or investor.

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