Celebrating Over 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities
Lucky Dragon Developers Want to Sell Via Bankruptcy Court
Las Vegas Review Journal, May 8, 2018
How much is the Lucky Dragon worth? That depends on whom you ask.
According to the developers, the bankrupt resort is worth $143 million. But according to their lender, it’s worth less than half that and isn’t earning enough revenue to cover its operating costs or its loans.
The Lucky Dragon, 300 W. Sahara Ave., was the first hotel-casino built from the ground up in Las Vegas since the recession and had a brutal start, marked by layoffs, foreclosure proceedings and the temporary closure of its casino and restaurants. The developers want to sell it through bankruptcy court, and prospective buyers have shown interest, but questions remain.
To read entire article click here.
About McDonald Carano
In 2024, McDonald Carano celebrated its 75ᵗʰ Anniversary of serving Nevada’s legal, business, government, and civic communities. More than 60 lawyers and government affairs professionals serve Nevada, national, and international clients from our offices in Reno, Las Vegas, and Carson City. McDonald Carano provides transactional, litigation, regulatory, and government affairs services to startups, corporations, private companies, trade associations, nonprofits, public entities, high-net-worth individuals, and family offices throughout Nevada. We are deeply committed to supporting local communities by volunteering our time, resources, and services, including pro bono legal services, to nonprofit organizations, charitable foundations, and public service entities. We are proud to be your Nevada law firm since 1949.
Media Contact
Mark Buckovich
[email protected]
702.257.4559
You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.
I have read this and want to send an email.