Celebrating 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities

Randles’s Take: Lucky Dragon Bankruptcy Puts EB-5 Investments in Limbo

WSJ Pro, August 7, 2018, by Jonathan Randles —

Aspiring immigrants who invested in the Lucky Dragon, an Asian-themed hotel and casino in Las Vegas, are alleging developers didn’t disclose a funding shortfall or significant loans that the troubled project took on before it fell into bankruptcy. Opened in 2016, Lucky Dragon was partially funded through the federal EB-5 visa program, which provides green cards to foreigners who invest $500,000 in certain qualified U.S. businesses. Developers say they raised $89 million for the hotel from about 179 EB-5 participants, pitching the idea of a hotel aimed at tourists from China and California’s sizable Asian-American community. To read entire article click here.

About McDonald Carano

In 2024, McDonald Carano celebrates 75 years of serving Nevada’s legal, business, government, and civic communities. More than 60 lawyers and government relations professionals serve state, national, and international clients from our offices in Reno, Las Vegas, and Carson City. McDonald Carano provides legal services and government affairs and advocacy counsel to startups, corporations, trade associations, nonprofits, public entities, high-net-worth individuals, investors, and public-private partnerships throughout Nevada. We are proud to be your Nevada law firm since 1949.

Media Contact

Mark Buckovich


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.