We analyze the structure of the virtual (orbifold) K-theory ring of the complex orbifold P(1, n) and its virtual Adams (or power) operations, by using the non-Abelian localization theorem of Edidin-Graham [3]. In particular, we identify the group of virtual line elements and obtain a natural presentation for the virtual K-theory ring in terms of these virtual line elements. This yields a surjective homomorphism from the virtual K-theory ring of P(1, n) to the ordinary K-theory ring of a crepant resolution of the cotangent bundle of P(1, n) which respects the Adams operations. Furthermore, there is a natural subring of the virtual K-theory ring of P(1, n) which is isomorphic to the ordinary K-theory ring of the resolution. This generalizes the results of Edidin-Jarvis-Kimura [6] who proved the latter for n = 2, 3.Date: August 1, 2018.