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![]() The owners struggled to draw big crowds, faced foreclosure and then filed for bankruptcy protection in February. Sahara Ave., opened in November 2016 with its hotel and casino in separate buildings. ![]() He added that he suspects the foreclosure sale will be held the third or fourth week of October. “The news is in the paper the employees are aware that we’re looking to close,” Lucky Dragon lawyer Sam Schwartz said at Thursday’s hearing. But its full shutdown would mark a swift ending for the first hotel-casino built from the ground up in Las Vegas since the recession. 2 and follows the January closure of Lucky Dragon’s casino and restaurants.īabero also approved a motion by Lucky Dragon’s main creditor, Snow Covered Capital, that clears the way for a foreclosure sale.Ī number of prospective buyers – including SLS Las Vegas owner Alex Meruelo and the operators of slot-parlor chain Dotty’s – have shown interest in the bankrupt off-Strip resort, according to management. ![]() ![]() Bankruptcy Judge Laurel Babero on Thursday approved the Las Vegas resort’s motion, filed last week, to shutter its nine-story hotel tower. (Richard Brian Las Vegas Review-Journal than two years after it opened, the Lucky Dragon’s hotel is set to close and the property again faces foreclosure. ![]()
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