LAS VEGAS (AP) — Developers and former managers of the Asian-themed Lucky Dragon casino-hotel that was built, open for a year, closed and recently sold in Las Vegas are now facing investor lawsuits.
The Las Vegas Review-Journal reports that some plaintiffs are Chinese investors seeking refunds amid complaints they haven't gained conditional admission to the United States through the federal EB-5 immigration program.
Immigration lawyer Bernie Wolfsdorf tells the newspaper that losing money is awful, but being denied a green card is double-punishment.
Bankruptcy records show the biggest group of Lucky Dragon investors sought EB-5 visas.
The program that lets foreigners obtain a green card for themselves and their families if they invest at least $500,000 in a new commercial enterprise that creates at least 10 full-time jobs, among other requirements.
