EB-5 | World Casino News

Trio of lawsuits surround former Lucky Dragon Hotel and Casino developers

May 20, 2019

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Nevada, the men behind the former Lucky Dragon Hotel and Casino have reportedly been named as defendants in a trio of civil lawsuits recently filed by past investors angered at being collectively owed well o...

Foreign investors may lose out on Las Vegas investment

Adam Morgan

September 10, 2018

Casino Sales, Latest Casino and Gambling News, Las Vegas, Casino News, Casino closures, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

In Nevada, some 178 foreign investors who each stumped up approximately $550,000 to help bring The Lucky Dragon Hotel and Casino to the north end of the Las Vegas Strip could reportedly be set to lose the entir...

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

Lars Jones

November 13, 2016

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, South Dakota

Financiers of the Deadwood Mountain Grand resort are suing a group of developers that turned the former Homestake gold mining slime plant in overlooking Deadwood, South Dakota into a luxurious hotel and casino ...

U.S. Navy issues ‘letter of concern’ over port leases for upcoming EB-5 funded Tinian casino: Updated

Lars Jones

January 29, 2016

Latest Casino and Gambling News, Casino project updates, Saipan, Fines, Lawsuits & Litigation, Northern Mariana Islands, Saipan

A CNMI lawmaker in Tinian and the director of US-based Bridge Investment Group were quick to defend their positions on the heels of a 'letter of concern' penned to the Commonwealth Ports Authority (CPA) by a U....

Lucky Dragon Casino project in Las Vegas seeking foreign investments

Lars Jones

January 28, 2016

Latest Casino and Gambling News, Las Vegas, New Hotels, Casino project updates, Economy/Finance, Nevada

Former Las Vegas Sands president, William Weidner and real estate developer Andrew Fonfa seem to have fallen back on "Plan A" to raise investment capital for their maverick Asian-themed gaming and entertainment...

Lucky Dragon Casino lender rolls the dice with Las Vegas Redevelopment Agency

Lars Jones

November 17, 2015

Latest Casino and Gambling News, Las Vegas, Casino News, Casino project updates, Economy/Finance, Taxation, Nevada

The Lucky Dragon Hotel & Casino is set to ask Las Vegas city leaders for tax increment financing (TIF) approval on Wednesday, November 18th. They say their lenders will not create additional loan facilities...