With just days before an upcoming foreclosure sale, the Lucky Dragon is now in bankruptcy.
The Las Vegas Review-Journal reports that developer Andrew Fonfa pushed the off-Strip, Chinese-themed resort into Chapter 11 protection Friday, less than a week before the property’s scheduled foreclosure auction.
A year-and-a-half after it opened, the boutique hotel - which is still open and operating – closed its casino and restaurants and faced foreclosure after a $90 million loan went into default.