The Asian-themed resort is set to open its doors in late 2016 after securing financing for the project.
US.- Last week, the Asian-themed Lucky Dragon Hotel & Casino announced that its financing is secure and the project near the north end of the Strip is on target to open later this year.
“It’s exciting to know that we’re going forward full steam ahead,” said General Manager Matt Harkness, who just came on board five weeks ago. “Being the city’s first ground-up casino development in six years, this is going to create a lot of buzz. And we’re doing everything in our power right now to make sure that when we open, we live up to the high level of expectations everyone has for the property. We can’t wait to show the world what we have to offer.”
Located on 2.6 acres across the street from SLS Las Vegas Hotel & Casino between the Stratosphere Casino, Hotel & Tower and Circus Circus Hotel Casino on West Sahara Avenue, Lucky Dragon broke ground in April 2015, backed by an initial US$60 million of EB-5 foreign investment money. However, the program’s fundraising hit its limit last year. In November, the operators Las Vegas Economic Impact Regional Center (LVEIRC) and Lucky Dragon LP requested tax increment financing, which were denied by city officials.
Last week, operators announced they have received “financial commitments” from the “Fonfa and Weidner families.” William Weidner, former chief operating officer of Las Vegas Sands and Andrew Fonfa, the developer of the Allure Las Vegas high-rise tower next door to Lucky Dragon, have been appointed as president and chief executive officer of the LVEIRC, respectively.