It’s not just the Lucky Dragon that’s struggled. SLS Las Vegas has been a fiscal nightmare, as has the still-unfinished Fontainebleau and Resort World developments.<\/strong><\/p>\nFonfa attracted investors by way of a US government visa program. The EB-5 Immigrant Investor Program provides pathways for permanent residency status to foreigners and their families in exchange for a minimum investment of $500,000 in a project that hires at least 10 people.<\/p>\n
More than 200 investors bought into the Lucky Dragon project, none of whom are involved in day-to-day operations. The developer bet big on an influx of Asian visitors frequenting the resort, but it’s a wager that busted and turned off what little other foot traffic was in the area.<\/p>\n
Local bar owner Todd Worz told NBC News Las Vegas <\/i>this week that the Lucky Dragon overdid it on the Asian theme. “It was all pretty much Chinese machines and Chinese food,” Worz stated. “Get at least a pizza place.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Las Vegas Lucky Dragon Casino auction was abruptly postponed on Tuesday, even after a crowd of about 30 people showed up. That gathering had been hoping for a shot at taking ownership of the now-shuttered off-Strip property. The auction was to be held outside the Nevada Legal News building, off of Charleston and South […]<\/p>\n","protected":false},"author":42,"featured_media":69384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Lucky Dragon Auction Postponed, Derek Stevens Might Be Interested<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n