EB-5 Investors Sue Developers Of Foreclosed Vegas Casino — Green Card Possibility Still Alive?

EB-5 News

Date

Dec 18, 2019

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Over 40 Chinese investors who sank $22 million into the Lucky Dragon Casino are suing the developers alleging they were “fraudulently induced” to fund the project. The Casino, which opened and closed in what was little more than the spin of a roulette wheel, was sold in April for $36 million to a local construction equipment firm owner who plans to reopen the building as a hotel and conference center.

A director of the Migration Policy Institute at the New York University School of Law says the sale has “kept alive the possibility” the USA investor visa applicants will receive their Green Cards. Read the SFGate article

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