An interior decorator and real estate investor bought Ted Binion’s former home in March 2017 for $820,000.
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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.
The Lucky Dragon, after closing its casino and restaurants this month, now faces foreclosure.