Shuttered lucky dragon sells at auction for $35 million…

Shuttered lucky dragon sells at auction for $35 million…

Tuesday, Oct. 30, 2018 | 11:37 a.m.
The auction of the Lucky Dragon this morning opened and closed with a single bid.
Snow Covered Capital, the shuttered casino-resort’s main lender, placed an opening bid of $35 million for the 2-year-old property. No other bids were made by the 30 or so people in attendance at the Nevada Legal News building in downtown Las Vegas.
Built for $160 million in 2016, the Asian-themed resort struggled to find its footing before closing. Snow Covered Capital’s plan for the 203-room resort is unknown. The building sits on 2.51 acres off Sahara Avenue just west of the Strip.
Representatives for Snow Covered Capital weren’t immediately available for comment.

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