Lucky Dragon up for auction less than two years after grand opening

Lucky Dragon is seen on Sahara Avenue Tuesday, Nov. 29, 2016, ahead of its grand opening on December 3rd. (Sam Morris/Las Vegas News Bureau)

The Lucky Dragon hotel and casino is going up for auction Tuesday.

The hotel and casino celebrated it's one year anniversary in December of 2017. On Jan.4, the casino announced that the casino and restaurant operations would be temporarily closed while establishing new partnerships and gaming and additional restaurant operations would resume within six months

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Despite this, Clark County court records indicate the property will be up on the auction block tomorrow. The 9-story hotel with more than 27,000 square feet of casino space was built to create an authentic Asian cultural and gaming experience per their website.

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According to the Associated Press, the casino was financed with money from Chinese investors through the EB-5 Visa program, which grants green cards to foreigners in return for investments of at least $500,000 on job-creating projects.

This auction doesn't necessarily mean the hotel and casino will shut down. Although the casino and restaurants are closed, hotel operations and the cha garden are still open.

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