Lucky DragonCasino Closes - Las Vegas Lifestyle Forum - Las Vegas Entertainment and Living Information

Damn that sucks, I just got my 2018 Las Vegas Advisor coupon book, there's a $25 matchplay coupon in there, was planning on hitting that up on my next trip.

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02-01-2018 , 11:17 AM

LVNC1234

centurion

Join Date: Oct 2017 Posts: 166

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Originally Posted by TaiwanUP

Damn that sucks, I just got my 2018 Las Vegas Advisor coupon book, there's a $25 matchplay coupon in there, was planning on hitting that up on my next trip.

Don't know if it's true but i heard they are restructuring and reopening in about 6 months.

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02-01-2018 , 02:13 PM

pig4bill

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Join Date: Dec 2005 Posts: 33,790

Probably more like that's what they're hoping for. From when they closed they said they were looking for a buyer.

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02-01-2018 , 03:16 PM

augie_

missed out on bitcoin

Join Date: Dec 2003 Posts: 21,627

this is why i sometimes think i'm smart, because i knew that place would fail before it opened. i kept wondering what it was while they were building it, and when i found out it was a casino, i was like, "WHAT?"

how do i know more than the people who put millions into this place. what an absolute abomination of a location. worse foot traffic than SLS.

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02-01-2018 , 03:18 PM

augie_

missed out on bitcoin

Join Date: Dec 2003 Posts: 21,627

they were hoping a new chinatown would open up on Sahara?? THERE IS ALREADY A CHINATOWN 2 BLOCKS AWAY WTF

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02-01-2018 , 05:42 PM

eco74

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Join Date: Sep 2006 Posts: 10,116

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Originally Posted by augie_

EB-5 financing. Free money to play with.

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Originally Posted by LVNC1234

Don't know if it's true but i heard they are restructuring and reopening in about 6 months.

Nah. Closed is closed. Foreclosure auction already scheduled.

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02-01-2018 , 05:45 PM

augie_

missed out on bitcoin

Join Date: Dec 2003 Posts: 21,627

Quote:

Originally Posted by eco74

EB-5 financing. Free money to play with.

ah, that does make total sense then. wealthy chinese folks buying a US citizenship

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02-01-2018 , 05:51 PM

#10

eco74

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Originally Posted by augie_

ah, that does make total sense then. wealthy chinese folks buying a US citizenship

I work in entertainment. In this industry (and probably most industries) it's pretty common for people who have plenty of experience to not be the sharpest knives in the drawer, and for those same people to glom on to whatever the next shiny thing is that gives them a big paycheck. So the talent-level of the execs running it might be overstated, and at the same time they might all know it's destined to fail but don't care all that much because they're getting paid very well, and they aren't employable at the same level/pay at any real company.

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02-01-2018 , 05:55 PM

#11

madlex

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Originally Posted by augie_

wealthy chinese folks buying a US citizenship

No, the EB-5 visa just buys a green card. Like other green card holders, they can apply for citizenship after 5 years though.

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02-01-2018 , 07:12 PM

#12

pig4bill

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Maybe it was a scam to start with. Build a casino, skim lots of cash while doing it. For all we know it was over-subscribed, like they sold 130% of it, and they wanted it to fail.

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02-01-2018 , 07:54 PM

#13

MSchu18

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Join Date: Sep 2009 Posts: 17,464

I've talked to some that are still working there... it's a restructure and re open around summer.
And timing be Asian themed

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02-01-2018 , 09:32 PM

#14

drbeechwood

adept

Join Date: Aug 2013 Posts: 1,179

Quote:

Originally Posted by pig4bill

Maybe it was a scam to start with. Build a casino, skim lots of cash while doing it. For all we know it was over-subscribed, like they sold 130% of it, and they wanted it to fail.

Isn't that what Bugsy did with the Flamingo?

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02-01-2018 , 10:28 PM

#15

Da_Nit

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Join Date: Dec 2014 Posts: 9,383

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Originally Posted by eco74

EB-5 financing. Free money to play with.

.

Seems like folks that are getting a EB-5 green card also need to launder money.

I wonder if I can get a gig taking money from shady Chinese businessmen and dumping it on table games at there EB-5 casino.

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02-02-2018 , 12:28 PM

#16

madlex

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Originally Posted by Da_Nit

You could also do it the “legal” way. Go to law school, start working at a firm that specializes in getting visas / green cards for rich people, make your way up to partner and start collecting mid 5-figures+ from each of your clients. Then you can dump lots of money on table games and still be rich..

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02-02-2018 , 03:23 PM

#17

Da_Nit

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Originally Posted by drbeechwood

Isn't that what Bugsy did with the Flamingo?

Yeah and how you get a bullet in the eye.

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02-02-2018 , 03:23 PM

#18

Da_Nit

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Originally Posted by madlex

That’s way too much work.

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02-02-2018 , 05:43 PM

#19

eco74

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Originally Posted by MSchu18

I've talked to some that are still working there... it's a restructure and re open around summer.
And timing be Asian themed

I would consider the people who work there to be the least-informed as to future plans (ditto for casino employees pretty much anywhere). They will just regurgitate what the bosses are telling them. Not saying they won't reopen the casino, but I would put it as a serious longshot. What would they do differently that would all of a sudden change their fortunes?

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02-02-2018 , 05:47 PM

#20

madlex

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Originally Posted by Da_Nit

That’s way too much work.

Gotta pay your dues before you can legally abuse the system.

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Originally Posted by eco74

I agree. Why would they have a foreclosure auction if their plan was to reopen soonish?

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02-03-2018 , 11:30 AM

#21

MSchu18

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Originally Posted by eco74

This isn't a chance meeting... I know this person.

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02-04-2018 , 01:43 AM

#22

John Mehaffey

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Lucky Dragon goes to auction on Tuesday so it's hard to imagine anyone in charge there now really knows what's going to happen.

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02-04-2018 , 02:54 AM

#23

Registered 2018

banned

Join Date: Jan 2018 Posts: 958

Quote:

Originally Posted by Pokeraddict

Lucky Dragon goes to auction on Tuesday so it's hard to imagine anyone in charge there now really knows what's going to happen.

By "auction" do you mean they're selling off stuff like furniture and equipment?

The reason I ask is because a few years ago the Venetian decided to change all of the furniture in their rooms. My Uncle managed to buy 100% of the furniture of 150 rooms with the purpose of turning around to sell them, which he successfully did. But he kept one room's worth of furniture for himself and now his condo still looks like the old Venetian. LOL He's in a foreign country but he might be interested in a short Vegas trip. I'll ask him to give me an entire Lucky Dragon suite as a finder's fee.

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02-04-2018 , 09:43 AM

#24

madlex

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They are auctioning off the casino stuff, the hotel stays open.

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02-04-2018 , 01:03 PM

#25

drbeechwood

adept

Join Date: Aug 2013 Posts: 1,179

I guess civilians can't just go in and buy roulette and craps tables...

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