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Lucky Dragon

Discussion in 'Casino Industry & Development' started by doug2288, Oct 16, 2014.

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  1. doug2288

    doug2288 Low-Roller

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    First Look The Strip First Resorts World, Now Take a First Peek at Lucky Dragon
    by Bradley Martin Oct 14 2014, 1:00p Share Tweet Share .EV&A ArchitectsLucky Dragon Hotel & Casino rendering .
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    After many delays, the Lucky Dragon Hotel & Casino is again moving forward.

    Eater Vegas shared your first peek at the Chinese-inspired Resorts World Las Vegas. Now, take a look at the latest architectural ambitions for the Asian-inspired, North Strip proposed Lucky Dragon Hotel & Casino, a $373 million, 201 room boutique hotel and 19,000-square-foot casino.

    First pitched back in September 2011, the plans drop this resort right next to the Golden Steer steakhouse and project co-developer Andrew Fonfa's own Allure residential building on the other side. And the latest plans call for five restaurants, four bars and lounges and a full commitment to honoring their Asian inspiration.

    Existing for years as yet another wistful Las Vegas construction dream, the project suddenly awoke in the last two months with a new rush for permits and approvals including site upgrades, the building of trenches for all necessary utilities and moving a street light to accommodate the underground work.

    http://vegas.eater.com/2014/10/14/6975315/first-resorts-world-now-take-a-first-peek-at-lucky-dragon
     
    Last edited by a moderator: Oct 16, 2014
  2. UTE

    UTE Plastics

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    Cool - a more subdued and classier design than the original layout.

    Members of the Allure HOA next door have voted to let Lucky Dragon patrons share Allure's parking structure entry - which was originally slated to serve two Allure towers (the second tower, where the Lucky Dragon will sit, was cancelled as the recession hit).

    Bill
     
  3. REELmoneySlotFan

    REELmoneySlotFan High-Roller

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    Looking at the investment involved, the limited amount of rooms and limited square feet of the casino, this might actually work. They will need a limited amount of staff which will make it easier for them to actually make some money. At the same time I'm afraid they won't have enough land to expand in the future which means the success of this new Hotel & Casino will always be limited. Anyhow, good development for the North end of the Strip. Combined with Resorts World, SLS and a possible renovation of the Riviera this might actually generate some foot traffic.
     
  4. hail2skins

    hail2skins Low-Roller

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  5. UTE

    UTE Plastics

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    Yes - the Lucky Dragon is progressing well. A few more changes: The sidewalk out front will meander and be set back a bit more than planned. And, due to some easement swaps with Allure next door, Lucky Dragon and Allure will not share a garage entry.

    Bill
     
  6. hail2skins

    hail2skins Low-Roller

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  7. zing

    zing Low-Roller

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    Nice to see them making progress, but that location seems less than ideal.
     
  8. waverunner

    waverunner BBHMM

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    Nice. The heck with buses, cars, taxis, and the monorail...........i propose once Lucky Dragon and Resorts World are completed, Rickshaws will be the primary mode of transportation between the two properties.
    Themed resorts need themed transportation.
    Which is why when Luxor was built, i was disappointed that i couldn't ride a camel.
     
  9. harvson3

    harvson3 Tourist

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    My two cents: they're on the edge of Chinatown, and have pledged to offer pai gow tiles, sic bo, and fan tan. The latter two aren't available elsewhere in Vegas, and Palace Station offers a low-rolling version of the first to attract locals from Chinatown. I think it's a bet on attracting locals, while Resorts World attracts the high rollers from Asia itself.
     
  10. zing

    zing Low-Roller

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    You're probably right. Good strategy if they can attract a niche locals demographic and not necessarily worry about getting Strip tourists.
     
  11. UTE

    UTE Plastics

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    Here's the construction to date. I was allowed on Allure's pool deck (6th floor) to get the shot.

    [​IMG]

    Bill
     
  12. hail2skins

    hail2skins Low-Roller

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  13. UTE

    UTE Plastics

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    I walked by the site Sunday (09/13) and they've made significant progress on the parking structure on the SW corner. It looks like the major work is done and they're now working on the inside. The LV papers have reported the intent is to finish the parking structure, use it as a equipment/office base, and then proceed with the other buildings.

    Bill
     
  14. hail2skins

    hail2skins Low-Roller

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  15. hail2skins

    hail2skins Low-Roller

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  16. Rooster0620

    Rooster0620 Low-Roller

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    Icahn to sell Fontainebleau

    Given the Lucky Dragon is now looking to abandon their half-built casino, also, it looks like the North end of the strip will be nothing more than a bunch of half finished building shells in 5-10 years...
     
  17. VegasSchemer

    VegasSchemer Low-Roller

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    Source that Lucky Dragon is done? I don't follow it closely but just hadnt heard that.
     
  18. UTE

    UTE Plastics

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    Fonfa is trying to gain cheaper financing - which is far from a plan to "abandon" Lucky Dragon. Developers always try and get the best deal they can. It's good business. Keep in mind Fonfa was part of the team that completed Allure under much worse financial conditions.

    Bill
     
  19. Rooster0620

    Rooster0620 Low-Roller

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    Good business is lining up your financing before you build a project.

    The very fact they're going to the city of Vegas for a bailout speaks volumes to the financing currently available for casino projects for the North strip.

    Hence the reason the only thing going on at Resorts World is 20 guys working on a parking garage.
     
  20. Nevyn

    Nevyn VIP Whale

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    Edit: nevermind, I found it

    Sounds like a shakedown for a government handout. I very much doubt that if rejected they won't be able to complete.
     
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