Will the (Un)Lucky Dragon Hotel-Casino End up in Bankruptcy Court?

According to the Lucky Dragon developers, the Lucky Dragon is worth $143 million. However, the lender begs to differ, reporting that the un-successful hotel-casino is worth less than half of that and isn’t earning nearly enough revenue to cover its…


Caesar’s CEO Gets Millions Post Bankruptcy

Caesar’s recently awarded its Chief Executive Officer, Mark Frissora, $29.4 million in compensation for 2017, which is the year the hotel-casino emerged from Chapter 11 Bankruptcy. Post Bankruptcy Earning The $29.4 million breaks down, roughly, as follows: $2 million for…


Toys R Us to Close All U.S. Stores After Bankruptcy

If you grew up with Geoffrey the Giraffe and the dream of being a Toys R Us Kid forever, it is now time to put your childhood fantasy to bed. Or, more accurately: close down your nostalgic dream. After an…


Lucky Dragon Casino Files for Bankruptcy

Prior to its scheduled foreclosure auction, the Lucky Dragon Casino, just off the Strip, has filed for Chapter 11 Bankruptcy. Why Are they Filing Chapter 11 Bankruptcy in Las Vegas? The Lucky Dragon opened in 2016, and its primary focus…


Elephant Bar Restaurant Chain Files for Bankruptcy Again

The Elephant Bar in Las Vegas is located in The District at Green Valley Ranch. Unfortunately, this prime location was not enough to keep the chain-restaurant above water, as it has made the decision to file for Chapter 11 Bankruptcy….


SLS Las Vegas on the Verge of Bankruptcy

According to a lawsuit filed in Las Angeles County by 60 Chinese nationals who lent money to the SLS project in exchange for U.S. citizenship: the SLS has not turned a profit since opening in 2014 and is “on the…


$0 Down File for Bankruptcy

With consumer credit almost back to pre-recession levels, many analysts are predicting a surging consumer bankruptcy rate for 2018. Bankruptcy filings are historically tied to the level of consumer debt; when debt becomes too high, payments for households become unsustainable,…


True Religion Out of Bankruptcy and Hopeful for the Future

Less than four months after filing for Chapter 11 Bankruptcy, the clothing chain True Religion has exited bankruptcy. A Solid Bankruptcy Reorganization Plan The retailer’s reorganization plan, approved in early October, called for a reduction in its loan terms from…


Toys ‘R’ Us Files for Bankruptcy

A mere two weeks after filing for bankruptcy, Toys ‘R’ Us debuted an augmented reality experience in hopes of helping to revive its stores and save its legacy. What is This New Augmented Reality? The augmented reality experience places computer-generated…


Local Goodwill Industries Files for Chapter 11 Bankruptcy

Last month, Goodwill Industries of Southern Nevada Inc. filed for Chapter 11 bankruptcy. The nonprofit organization made a public statement on their website sharing that the “recent expansion, the retail turndown, and increased operating costs to run our retail stores…