The shuttered casino located on the Las Vegas Strip is set to go up for auction this month.
US.- Lucky Dragon, the Asian-themed casino located near the north end of the Las Vegas Strip, is set to go up for auction on October 30. The winning bidder will take full control of the casino with a clear title.
Michael Parks, senior vice president of CBRE, a commercial real estate firm helping broker the deal, said in a statement: “For the right visionary and owner, this site and amenity-rich property represents an excellent opportunity to own a first-rate Las Vegas hospitality property distinctly situated between the blossoming north end of the Strip and the gateway to downtown Las Vegas.”
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.
“The immediate area is marked by the ongoing development of Resorts World; reimagination of the Drew, formerly known as Fontainbleau; a recently announced US$100 million reinvestment in SLS; expansion and development of the Convention Center district; and 38 acres recently acquired by Wynn north of Fashion Show,” Parks added.