The future of the North end of the strip seems to be up in the air in large part to the possible failure of the Lucky Dragon. However, there could be actual signs of hope for the property and other developments in that area.
The Lucky Dragon is hoping to have everything back up and running in the next six months. After that, anyone laid off will be able to re-apply for a job.
It’s a temporary closure that joins a growing list of properties that have done the same like the Riviera and the Fontainebleau which will reportedly take millions to finish.
While some may be wondering if a shadow of bad luck is looming over that area of the strip, tourists say it’s just not an inviting area to check out. “It started to look run down and that’s when we turned around. Our hotel was back this way and it didn’t look like there was anything else out there,” said Lauren Denton.
David Schwartz, Director of the Center for Gaming Research at UNLV says it’s not the first property to experience this type of struggle. “You’ve got a series of closures there form the original Sahara which is now SLS, the Riviera, Slots of fun, Stardust,” said Schwartz. “All of those are gone now so it kind of makes it difficult to attract people North of lets say, Wynn.”
There have been rumors about another possible stadium in that area. Schwartz says developers could face challenges. “You’ve got a lot of competition both for tourists, the gamers and for the local gamblers so it’s a pretty competitive market to get into,” said Schwartz.
Scott Roeben, Founder of vitalvegas.com, disagrees and believes the Lucky Dragon’s struggle is actually shaking some other dealings loose. “Specifically at SLS across the street,” said Roeben. “What I’ve heard is that the Lucky Dragon closing has moved that deal along. That sale had stalled, until today.”
It is not all bad news on that side of the strip. Resorts World is moving forward on the former site of the Stardust. The $4 billion project was supposed to open 2016 but is now scheduled to open in 2020.