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Lucky Dragon Hotel and Casino: The Next Big Thing in Vegas?
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Owned by private investors, The Lucky Dragon Hotel and Casino is scheduled to open on the Las Vegas Strip on Dec 3, 2016. Interestingly, this will be Vegas’ first resort to offer authentic Asian gaming as well as culinary experiences.
Notably, this Asian-themed property, being developed by The Las Vegas Economic Impact Regional Center, will be located on the northern end of the Las Vegas Strip at Sahara Avenue.
Details
The Lucky Dragon Hotel and Casino will offer roughly 200 guest rooms, 23 standard suites and a 1,300-square-foot penthouse. The resort will be available for reservation on the company’s website from Oct 1, 2016.
Moreover, the property will boast a casino floor spanning across an area of 27,500 square feet with 37 table games and 300 slot machines. Further, it will flaunt a shoreline pool, a 4,500-square-foot spa and Vegas’ first indoor/outdoor high-end tea garden and lounge with a tea sommelier.
The Lucky Dragon Hotel and Casino’s wide range of restaurants, designed to be among Las Vegas' most authentic Pan-Asian dining hubs, will be its key attraction. Moreover, the plush resort will have details such as signage in both Chinese and English along with a multilingual staff.
As per officials, the property’s opening ceremony will involve Asian traditions such as a firecracker show, a lion and dragon dance and the world’s largest Kung Fu tea service.
Rationale Behind
Notably, management at The Lucky Dragon Hotel and Casino primarily aims to cater to Chinese gamblers, including Vegas locals and people from California. Management also believes that the resort launch will widen the choices for both visitors and locals in Vegas.
Since people from Asia account for majority of the crowd at the casinos, management believes that Asian gaming and restaurant attractions will help The Lucky Dragon Hotel and Casino gain popularity among the masses.
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Lucky Dragon Hotel and Casino: The Next Big Thing in Vegas?
Owned by private investors, The Lucky Dragon Hotel and Casino is scheduled to open on the Las Vegas Strip on Dec 3, 2016. Interestingly, this will be Vegas’ first resort to offer authentic Asian gaming as well as culinary experiences.
Notably, this Asian-themed property, being developed by The Las Vegas Economic Impact Regional Center, will be located on the northern end of the Las Vegas Strip at Sahara Avenue.
Details
The Lucky Dragon Hotel and Casino will offer roughly 200 guest rooms, 23 standard suites and a 1,300-square-foot penthouse. The resort will be available for reservation on the company’s website from Oct 1, 2016.
Moreover, the property will boast a casino floor spanning across an area of 27,500 square feet with 37 table games and 300 slot machines. Further, it will flaunt a shoreline pool, a 4,500-square-foot spa and Vegas’ first indoor/outdoor high-end tea garden and lounge with a tea sommelier.
The Lucky Dragon Hotel and Casino’s wide range of restaurants, designed to be among Las Vegas' most authentic Pan-Asian dining hubs, will be its key attraction. Moreover, the plush resort will have details such as signage in both Chinese and English along with a multilingual staff.
As per officials, the property’s opening ceremony will involve Asian traditions such as a firecracker show, a lion and dragon dance and the world’s largest Kung Fu tea service.
Rationale Behind
Notably, management at The Lucky Dragon Hotel and Casino primarily aims to cater to Chinese gamblers, including Vegas locals and people from California. Management also believes that the resort launch will widen the choices for both visitors and locals in Vegas.
Since people from Asia account for majority of the crowd at the casinos, management believes that Asian gaming and restaurant attractions will help The Lucky Dragon Hotel and Casino gain popularity among the masses.
GAMING Industry Price Index
GAMING Industry Price Index
Bottom Line
This new Asian-themed casino is thus likely to be an instant hit in Vegas which will pose serious competition to established casino companies like Las Vegas Sands Corp. (LVS - Free Report) , MGM Resorts International (MGM - Free Report) , Wynn Resorts Ltd. (WYNN - Free Report) and Boyd Gaming Corporation (BYD - Free Report) . All these four stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>