Lucky Dragon Heads Into Bankruptcy

LUCKY DRAGON — Less than a week before a foreclosure auction, the Asian-themed resort off the north end of the Strip heads into Chapter 11 bankruptcy. Lucky Dragon filed for bankruptcy protection last Friday, the Las Vegas Review-Journal reports. Developer Andrew Fonfa now employs 98 people after closing the casino floor and restaurants in January. Foreclosure loomed following a $90 million loan going into default. The newspaper reports that the resort was valued at $143 million in bankruptcy documents. Another 179 people invested in the resort through the EB-5 visa program that helps foreigners gain U.S. residency by investing $500,000 into a business that creates at least 10 jobs. Those investors ponied up $89.5 million. The foreclosure auction was reschedule on Thursday. [LVRJ]

NORTHWEST — A truck drove into the front window of Marché Bacchus, the French restaurant and wine bar on Lake Jacqueline on Monday. The restaurant remains open. On Facebook, the restaurant wrote: “As many of you may have heard, we had an unfortunate incident today when a drunk driver crashed through the front of the restaurant narrowly missing a customer and our hostess. While harrowing, we are incredibly grateful that no one was hurt. We will be able to replace or repair anything that was lost or damaged. We will remain open for business through it all.” [KTNV]

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