Where Is Lucky Dragon Las Vegas
| Lucky Club Casino and Hotel | |
|---|---|
| Location | North Las Vegas, Nevada 89030 |
| Address | 3227 Civic Center Drive |
| No. of rooms | 118 |
| Total gaming space | 15,600 sq ft (1,450 m2)[1] |
| Casino type | Land-Based |
| Owner | Lucky Silver Gaming |
| Previous names | Budget Host Inn Cheyenne Hotel The Ramada Inn and Speedway Casino The Speedway Casino |
| Website | http://luckyclublv.com |
Lucky Club Casino and Hotel is a casino and 118-room hotel located on 6.1 acres (2.5 ha) in North Las Vegas, Nevada. The casino is owned and operated by Lucky Silver Gaming.
- 1History
Enter the Lucky Dragon, Vegas' Newest Casino on the Strip. However, the Lucky Dragon is the first new casino and resort to be built from the ground-up since the Cosmopolitan opened more than six years ago. It's near the intersection of Las Vegas Blvd and Sahara - and could be a major part of a long-promised resurgence at the north end of the Strip.
History[edit]
Budget Host Inn[edit]
In June 1995, after spending eight years in bankruptcy, the Budget Host Inn was acquired at auction for $1.1 million by Shawn Scott, owner of the Post Office Casino in Henderson.[2]
Where is Lucky Dragon Las Vegas located? Lucky Dragon Las Vegas is located at 300 West Sahara Avenue in The Strip, 2.5 miles from the center of Las Vegas. Stratosphere Tower is the closest landmark to Lucky Dragon Las Vegas. Lucky Club Casino and Hotel is a casino and 118-room hotel located on 6.1 acres (2.5 ha) in North Las Vegas, Nevada.The casino is owned and operated by Lucky Silver Gaming.
The Lucky Dragon remains closed in Las Vegas, Monday, April 22, 2019. (Caroline Brehman/Las Vegas Review-Journal) @carolinebrehman. Nearly six months after lenders foreclosed on the Lucky Dragon. Lucky Dragon is located near the corner of Sahara Ave. And Las Vegas Boulevard, between the Bonanza Gift Shop and Golden Steer Steakhouse, not far from SLS Las Vegas and the Stratosphere. Some good news right off the bat: Parking is free. Lucky Dragon opened doors in November 2016 as an Asia-themed boutique hotel and casino resort in the northern end of the Las Vegas Strip. The property was the first to be built from the ground up in the city in many years.It targeted Chinese high rollers with dedicated offering.
Cheyenne Hotel (1995-99)[edit]
Scott renamed it as the Cheyenne Hotel, and made plans to revitalize the run-down property, including reopening the restaurant and lounge and adding a hotel tower and a casino, taking advantage of the site's grandfathered gaming status.[2] He requested a license for 75 slot machines and 2 table games, but the Nevada Gaming Commission in December 1996 issued only an 11-month limited license for 25 machines, finding his record management to be sloppy.[3] By 1997, the Cheyenne was operating as a Days Inn.[4]
In 1998, MTR Gaming, the West Virginia-based parent company of the Mountaineer Racetrack, acquired the Cheyenne for $5.5 million in cash.[5]
Ramada Hotel and Speedway Casino (1999-2008)[edit]
MTR said it would complete an expansion already in progress, adding 10,000 square feet (930 m2) of gaming space with 350 slot machines and 5 table games, and would rename the property as the Speedway Hotel & Casino and add a motor racing theme, in reference to the nearby Las Vegas Motor Speedway.[6] The hotel became a Ramada Inn. The casino opened in March 1999, leased to Dynasty Games, with 143 slot machines.[7] MTR received its gaming license the following September, and said it would take over operation of the casino on October 1.[8] The official grand opening was held in March 2000, with the casino having expanded to over 300 slot machines, with table games and a Leroy's sportsbook, racing-themed dining areas, and a racecar simulator.[9]
By November 2000, the property had failed to turn a profit, and was taking measures to attract value-conscious guests, including Hispanics, Nellis Air Force Base personnel, and North Las Vegas residents.[10] By 2004, MTR was reporting annual net revenue of $9.8 million at the Speedway.[11]
In February 2007, MTR agreed to sell the complex to Mandekic Cos. for $18.2 million.[11] Mandekic assigned its agreement in May to Ganaste, LLC,[12] a partnership of three investors managed by Seth Schorr, son of Wynn Resorts COO Marc Schorr.[13] The buyers hoped to use the Speedway as a training ground to learn the gaming business before moving on to other acquisitions.[13] The sale of the land and buildings was completed in January 2008 for $11.4 million, with MTR continuing to operate the casino, leasing it for $70,000 a month.[13]
Lucky Club Hotel and Casino (2008-present)[edit]
Ganaste took full ownership in June 2008,[14] and promptly renamed the property as the Lucky Club Casino and Hotel.[15]
11 rows Straight. A straight is a poker hand containing five cards of sequential rank, not all of the. Poker what beats a straight. The value of your cards acts as a tiebreaker. If you have three of a kind, all kings, this scrubs the guy with three twos or even three jacks. The higher your cards, the better your chances of winning. Of course, if two of you have royal straight flushes, you're going to be splitting the pot.
An electrical fire on June 9, 2008 forced the casino to close for two weeks while critical equipment was repaired.[14]Nevada Gaming Commission approvals in 2013 indicated that a reorganization plan was approved and new ownership was held by Lucky Silver Gaming (LSG). LSG is owned by Seth Schorr, Jeff Fine and other partners.[14]
In 2018, the property was put up for sale, with an asking price of $13 million.[16]
References[edit]
- ^'MTR Gaming Group Inc'. Retrieved 2008-02-09.
- ^ abBadger, Michael (July 25, 1995). 'Renovations perk up blighted corner'. Las Vegas Review-Journal. – via Factiva (subscription required)
- ^Vogel, Ed (December 11, 1996). 'Gaming regulators grill Ormsby House owner'. Las Vegas Review-Journal. – via Factiva (subscription required)
- ^Edwards, John G. (July 29, 1997). 'Las Vegan buys stake in Sands Regent'. Las Vegas Review-Journal. Retrieved 2012-09-21.
- ^'Company buys two resorts - Race track's parent group acquires hotels, casinos in Nevada'. Charleston Gazette. May 7, 1998. – via Factiva (subscription required)
- ^'MTR Gaming Group Purchases Two Nevada Gaming Properties' (Press release). MTR Gaming Group. May 7, 1998.
- ^'MTR Gaming Group opens Speedway Casino'. Reuters. March 9, 1999. – via Factiva (subscription required)
- ^'MTR Gaming receives licenses for casinos'. Las Vegas Review-Journal. September 24, 1999. Retrieved 2012-09-21.
- ^'MTR Gaming Group Announces Grand Opening of Speedway Casino & Cafe' (Press release). MTR Gaming Group. March 2, 2000. Retrieved 2012-09-21.
- ^Hodge, Damon (November 22, 2000). 'Fast times foreseen for Speedway'. Las Vegas Review-Journal. Retrieved 2012-09-21.
- ^ abKnightly, Arnold M. (February 14, 2007). 'Speedway Casino sold away'. Las Vegas Review-Journal (via Casino City Times). Retrieved 2012-09-21.
- ^Form 10-K (Report). MTR Gaming Group. April 3, 2008. p. 27. Retrieved 2012-09-21.
- ^ abcKnightly, Arnold M. (January 18, 2008). 'New Speedway owner has revival plans for NLV casino'. Las Vegas Review-Journal. Retrieved 2012-09-21.
- ^ abcKnightly, Arnold M. (September 26, 2008). 'Staging a revival in troubled times'. Las Vegas Review-Journal. Retrieved 2012-09-21.
- ^Knightly, Arnold M. (November 2, 2008). 'Feeling Lucky: Ex-Wynn worker aims to remake Speedway Casino'. Las Vegas Review-Journal. Retrieved 2012-09-21.
- ^'Colliers International – Las Vegas offers sale of full-service hotel casino in North Las Vegas' (Press release). Colliers International. November 21, 2018. Retrieved 2018-11-24 – via Nevada Business.
Links[edit]
Coordinates: 36°13′7″N115°7′17″W / 36.21861°N 115.12139°W
A failed Las Vegas casino was bought earlier this week, according to a report from the Las Vegas Review-Journal.
Don Ahern, chairman of the board and CEO of construction equipment company Ahern Rentals, purchased the closed Lucky Dragon Hotel and Casino from Snow Covered Capital for $36 million.
The Asian-themed casino opened in December 2016 and was the first new casino in Las Vegas since Aria was opened in 2010. It was a $139 million project located just north of the strip.
Lucky Dragon Las Vegas Hotel
The casino struggled from the start, however, and by March 2017, approximately 100 of the 800 employees were fired as a result of poor customer turnout. In September of that same year, the Lucky Dragon received a default notice on its $90 million loan.
In January 2018, the casino and restaurants were closed in an effort to reorganize the company and reopen within six months. A foreclosure notice was filed the following month. At the time of foreclosure, there was still $48.9 million remaining on the loan.
Lucky Dragon entered Chapter 11 bankruptcy, which temporarily preserved the jobs of the remaining 98 hotel employees. The hotel closed in March of 2018.
Lucky Dragon Las Vegas Yelp
Snow Covered Capital, the resort’s main lender, took ownership of the property and set the opening bid for the property at $35 million at the foreclosure auction last October. It received no bids.
Lucky Dragon Las Vegas Status
The property features a nine-story hotel with 203 rooms and 27,500 square feet of gaming space. When the property was open, there were five restaurants and a spa as well.