How much did Lucky Dragon Hotel and Casino cost to build?
The Lucky Dragon Hotel and Casino in Las Vegas, Nevada, an Asian-themed resort of 203 rooms developed by Andrew Fonfa next to Allure Las Vegas and financed largely by 179 foreign investors who each put USD 500,000 through the EB-5 program (USD 89.5 million in total) and by a USD 90 million loan, had its soft opening on 19 November 2016 and its official grand opening scheduled for 3 December 2016, went bankrupt soon after, closed in 2018 and was sold in April 2019 for USD 36 million, becoming the Ahern Hotel. CDC Gaming wrote in 2019 that, according to published reports, it had cost USD 165 million to build, nearly 47 percent over its original budget, while the developers' cost had risen from USD 115 million to USD 140 million.
Reported project cost
$165 million
Cost basis: 2016
Cost evidence
Basis of the published figure
Project record
Opened or launched
cdcgaming.com19 November 2016