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Tag Archives: auction

US – Lucky Dragon’s main lenders take control of slain casino

The troubled Lucky Dragon casino in Las Vegas has sold at auction for $35m with a single bid coming in from the closed casino’s main lender Snow Covered Capital. Before the auction, over 80 prospective buyers signed nondisclosure agreements but despite around 30 other people gathering for the auction, no one made a competing bid…

US – Las Vegas’ unlucky Dragon to be sold at auction

The Lucky Dragon Hotel & Casino located at 300 West Sahara Avenue, Las Vegas, NV 89102, will sell at auction to the highest cash bidder on Tuesday, 30 October. When built less than 24 months ago, the property was the first ground-up hotel/casino constructed in Las Vegas since the recession. More than $160m was invested…