Lucky Dragon hotel open for business until March 27; judge decides

A Nevada bankruptcy judge ruled Wednesday that the hotel of the Asian-themed Lucky Dragon resort off the north end of the Las Vegas Strip will remain open for another month. U.S. Bankruptcy Court, District of Nevada Judge Laurel Davis decided after a bankruptcy hearing for the Lucky Dragon Hotel and Casino that the hotel would remain open until March 27, when the next hearing will take place. The casino, however, will remain closed and there will not be a foreclosure auction, the judge ruled, according to local television station FOX5. The resort’s operating entity Lucky Dragon Hotel and Casino LLC on Friday, Feb. 16 reportedly filed a petition for Chapter 11 bankruptcy protection ahead of today's scheduled foreclosure. The property had a brutal start when just a few months after opening, in order to cut operating costs, one of its restaurants was closed and about a hundred people including the general manager were fired, as reported by the Las Vegas Review-Journal at the time. The temporarily closing of all gaming and casino restaurant operations on January 4 further emphasized the then one-year-old Asian-themed boutique hotel and locals casino’s financial woes. At the time, the resort’s management reportedly told FOX5 that the casino was “reorganizing,” and that the temporary closure meant the laying off of casino workers and less gaming and dining options. A few weeks later in January the Lucky Dragon was served with a foreclosure notice. FOX5 reports that during the bankruptcy hearing, attorneys for Lucky Dragon reportedly said that in November the property had been appraised at $143 million, however creditors stated that it was appraised at $60 million. Without disclosing specifics, lawyers for the hotel also reportedly said that should the Sahara Ave property become available for sale, there are a number of potential buyers. The Las Vegas Review-Journal reported on Monday that according to bankruptcy papers, Lucky Dragon was appraised at $143 million, which was funded in part with $89.5 million worth of loans from 179 individuals who invested $500,000 each through the United States Citizenship and Immigration Services (USCIS) administered EB-5 visa program. Under the program, foreigners seeking permanent green cards can do so if they invest a minimum of $500,000 into a business venture that creates at least 10 full-time jobs. FOX5 reports that none of the attorneys were certain of how the immigration status of those individuals. Five years in the making from concept to ribbon-cutting, Lucky Dragon had a soft opening on November 19, 2016, and hosted its official grand opening on December 3, 2016.

Hooters Casino offering free beer to Vegas Golden Knights ticket holders

Guests who show their ticket two hours before or two hours after home game will receive five Budweiser products of their choice.

Gambling Software Giant Playtech Reports Slower 2017 Revenue Growth due to Malaysia Crackdown

Playtech is one of the most recognizable names in the gaming industry, as the British software provider works closely with many gambling operators on a day to day basis. However, despite its popularity, the brand recently reported that the company has experienced slower growth rates in comparison to its performance throughout 2016. Even though there […]

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Sam's Town invites guests to shoot hoops for slot dollars

Next month, the casino will offer multiple ways to win big in March, including March Hoopla celebrations and a Pot O' Winnings kiosk game.

ORYX Gaming launches Arena Casino in Croatia

Slovenia-based online casino software company, ORYX Gaming, recently launched Arenacasino.hr, one of the first Croatian iGaming websites featuring casino and slots, according to to the news release. Via the deal, Arena Casino will be provided with ORYX’s complete technology stack, compliance services, gaming content, operational and marketing services. ORYX’s iGaming Platform boasts a wide selection of content from distinguished game providers such as NextGen, EGT, ORYX and Gamomat and has been certified in accordance with Croatia’s legal requirements. Arena Casino games are available to players via mobile and desktop, with a focus on mobile in keeping with the vision of being the lead mobile choice for players in Croatia. More than 100 mobile slot games can be enjoyed by players, along with unique bonuses, multiple payment methods and extra spins promotions with full support. CEO for ORYX Gaming, Matevz Mazij, said: “Croatia is an exciting iGaming market and we’re pleased to be able to use our expertise to help launch the inaugural online operation for Arena Casino. Our ability to comply with local regulatory requirements and deliver a strong game portfolio makes us the perfect partner to ensure success. I’m happy to say we had a great team of people involved.” The online gaming turnkey solutions provider also recently agreed a deal that will see it supply content from a selection of developers to two iGaming domains operated by Malta-based Quasar Gaming.

Microgaming & Casino de Barcelona Sign Content Deal

Online gaming division of Casino de Barcelona has confirmed a recent content supply agreement with Prima Networks, whose diverse portfolio of quality games is powered by Microgaming and its award-winning platform, Quickfire. Prima is incorporated in Malta and provides services to operators in regulated markets including Italy, Denmark, Belgium and Spain. The new deal will increase the venue’s collection of premium slots, including titles like Dragonz, Game of Thrones, Immortal Romance and others.

Director of Casino Barcelona Online, Xavier Ballester, emphasized the significance of the strategic agreement with Microgaming, since the casino has always invested a lot of effort in product expansion. Thanks to a more complete selection of top-quality games from the industry’s leaders and reputable providers of sophisticated technology solutions, the deluxe online betting venue will create unrivalled casino offerings and an enhanced experience for players.

Over at Microgaming, officials are delighted that a new flagship operator in the Spanish market has sealed a profitable software license agreement with the company, since Casinos Grup Peralada now belongs to a growing list of renowned operators with high-end features from Quickfire. The entire portfolio will be available on the casino’s redesigned website, casino-barcelona.com, which already grants access to a top-performing slots collection, added Andrew Clucas, Director of Quickfire.

Apart from the developer’s slots, players will also be able to enjoy live roulette and other table games such as blackjack or poker. Casino de Barcelona is one of the most prestigious gaming venues in Europe and it holds the Internet Game License of the Spanish Government. Its owner, Grup Peralada, has operated more than 35 years in Argentina, Uruguay and Chile.

Source:

“Casino Barcelona Online signs a software license agreement for Microgaming content through Prima Networks”, microgaming.co.uk, February 20, 2018.