Lucky Dragon Heads Into Bankruptcy | Eater Vegas

"Less than a week before a foreclosure auction, I report the Asian-themed resort off the north end of the Strip filed for Chapter 11 bankruptcy protection last Friday, according to the Las Vegas Review-Journal. Developer Andrew Fonfa now employs 98 people after closing the casino floor and restaurants in January. Foreclosure loomed following a $90 million loan going into default; bankruptcy documents valued the resort at $143 million. Another 179 people invested in the resort through the EB-5 visa program, contributing $89.5 million. The foreclosure auction was rescheduled on Thursday." - Susan Stapleton