Lucky Dragon gets no bids at auction

The opening bid for the Las Vegas casino started at US$35 million but no one made an offer.

US.- Lucky Dragon, the Asian-themed casino located near the north end of the Las Vegas Strip, was up for auction on Tuesday, but no one made an offer to acquire the facility. The opening bid was US$35 million.

Auctioneer David Bark, foreclosure trustee and underwriting counsel with First American Title Insurance Co, said after the casino didn’t receive any offers that the property reverts back to the lender. The auction took place at the parking lot of the Nevada Legal News building at 930 South Fourth Street, near Charleston Boulevard and Coolidge Avenue.

The casino features a 203-room hotel, 27,500 square foot gaming floor and space for five restaurants and bars, as well as a spa, a fitness centre, retail space and 408 parking spaces.

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