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Re: Casino has been closed for many months now, an

IMO the Lucky Dragon would not have been built, if not for the creative financing, largely coming from all the EB-5 related financing. Even so, there was a financing shortfall to cover the opening costs.

The legal issues are complex, but here's some background --
https://www.mcdonaldcarano.com/wp-content/uploads/2018/08/Randless-Take_-Lucky-Dragon-Bankruptcy-Puts-EB-5-Investments-in-Limbo-WSJ.pdf

I'm not a big fan of using the EB-5 program in this way, but that's another story. Either a lot of people will take some haircut ... or maybe a LARGE haircut. Depends on estimates about the property's viability. Kind of a "hot mess" IMO.

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Lucky Dragon Casino In Las Vegas
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Casino has been closed for many months now, and...
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