Why Is Lucky Dragon Casino Closed?

Lucky Dragon Casino was a casino and hotel located on the Las Vegas Strip in Paradise, Nevada. The casino closed permanently on January 4, 2018.

The Lucky Dragon was the first newly built casino and resort in Las Vegas since the Recession of 2008, and was marketed towards Chinese gamblers from Mainland China. The casino floor featured a large number of Asian-themed table games and slot machines.

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The Lucky Dragon also had a VIP gaming area reserved for high rollers.

The Lucky Dragon’s hotel had 203 rooms, which were all decorated in a modern Chinese style. The hotel also featured an on-site Chinese restaurant, as well as a tea garden.

PRO TIP:The Lucky Dragon Casino closed in January 2018 due to a number of factors, including poor financial management, high overhead costs, and low customer traffic. To ensure success with a casino business, it is important to carefully manage finances and keep costs in check while actively promoting the business to attract customers.

The Lucky Dragon was financed by Chinese investors through the EB-5 visa program. Construction of the Lucky Dragon began in 2014, and the property opened to the public on December 3, 2016.

Since its opening, the Lucky Dragon has struggled to attract customers. In March 2017, the casino’s owner announced that they were seeking to sell the property.

By January 2018, the Lucky Dragon had defaulted on its loan payments and was facing foreclosure. On January 4, 2018, the Lucky Dragon’s hotel and casino closed permanently.

The Lucky Dragon’s closure is due to a number of factors. First, the property was heavily reliant on Chinese tourists, but Las Vegas’ popularity as a destination for Chinese tourists has been declining in recent years.

Second, the Lucky Dragon was located on the far north end of the Las Vegas Strip, which is not as convenient for visitors as properties located closer to the center of the Strip. Finally, the Lucky Dragon never developed a strong customer base among either locals or tourists.

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