LAS VEGAS (AP) - An Asian-themed Las Vegas casino-hotel that was open a little more than a year has been sold to the owner of a local construction equipment firm.
The Las Vegas Review-Journal reported Tuesday that property records show Ahern Rentals chairman and CEO Don Ahern closed Monday on the $36 million Lucky Dragon purchase.
Ahern told the newspaper he’ll rename and reopen the 200-room property as a nongaming hotel and conference space.
The casino-hotel just off the Las Vegas Strip opened in November 2016 and closed in January 2018. It was passed over during a foreclosure sale at a price of $35 million.
It built with money from Chinese investors through the EB-5 visa program, which grants U.S. immigration green cards to foreigners who invest at least $500,000 in job-creating projects.
___
Information from: Las Vegas Review-Journal, http://www.lvrj.com
Please read our comment policy before commenting.