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It’s unclear when Station would develop a project or if the company has drawn up plans for one. But its purchase is a wager on a fast-growing area and is a throwback to the pre-recession days , when the company loaded up on future resort sites before Station went bankrupt.
The Las Vegas-based company – which operates casinos, the PT’s Pub chain and a network of slot machines and video poker in bars, grocery stores and other locations – on Thursday reported a $3.1 million loss for the three months ending Sept. 30. That’s compared to about $8.5 million in profit during the same period last year.
The Lucky Dragon’s main lender foreclosed on the shuttered resort Tuesday, opening a new chapter in the Las Vegas hotel’s short but troubled history.
With a string of casinos along the Colorado River some 100 miles southeast of Las Vegas, Laughlin is popular with retirees who drive in and offers low-priced rooms, buffets and plenty of sunshine and open desert.
It’s not every day that people walk around with tens of millions of dollars in cashier’s checks stuffed in a bag.
SLS Las Vegas owner Alex Meruelo has kicked off his $100 million upgrade of the 1,600-room resort.
The off-Strip Lucky Dragon, which opened less than two years ago, has fully shut down and is scheduled to come up for sale at a foreclosure auction Oct. 30. The property is now surrounded by chain-link fencing.
A few weeks before the Lucky Dragon held its grand opening with dragon and lion dancers, a top executive promised big things. Less than two years later, the bankrupt resort is set for a full shutdown.
Less than two years after it opened, the Lucky Dragon’s hotel tower is set to close and the property is again headed toward a foreclosure sale.
Several months after its casino building closed, the Lucky Dragon’s hotel tower could soon be shuttered too.
An interior decorator and real estate investor bought Ted Binion’s former home in March 2017 for $820,000.
It marks a rare real estate deal for the sleepy southern edge of the Strip and carries an unusual backstory, as the late owner — without his estranged wife’s knowledge — allegedly transferred the motel’s ownership to a trust he had formed with his mistress, according to court documents.
Richard “Boz” Bosworth, founder of Las Vegas-based Bosworth Hospitality Partners, is now the Hard Rock’s CEO, which he and other investors bought in March.
With a possible strike looming, the Culinary Union has released survey results showing widespread sexual harassment and safety concerns at Las Vegas casinos.
A judge approved bid procedures this week for the bankrupt Lucky Dragon, clearing the way for a potential sale of the off-Strip resort.
