Binion's Gambling Hall and Hotel
The Binion 's Horseshoe is a casino in Las Vegas. It is part of the Fremont Street Experience. Since the acquisition of MTR Gaming Group in 2005, it bears the name Binion's Gambling Hall and Hotel. Current owner is the company TLC Casino Enterprises. The casino was named for its builder Benny Binion and is home to several restaurants. As a hotel it possessed last 365 guest rooms and maintain an up- roof swimming pool.
The Horseshoe trademark has been used for the different casinos that are owned by the Binion Dynasty and were. The other Horseshoe casinos were owned by Jack Binion.
History
In 1951, Benny Binion bought the Eldorado Club and Apache Hotel, put them together and opened the complex as Binion 's Horseshoe.
It was the first casino that was able to offer its players carpets.
Binion was playing at the tables at the time the highest disposable inserts. This evolution was a great success with the players.
Benny had to spend his life in prison for tax evasion between 1953 until 1957. The repayments had to be around 5 million U.S. $, so he had to sell his casino shares. In 1964, the shares were bought back by the Binions.
After various family problems Jack Binion could call the World Series of Poker ( WSOP ) to life. In the Horseshoe in 1970 the first World Championships were held in poker.
In 1988, the Mint Hotel, which was located on the west side of the Horseshoes, add bought. Through this acquisition, the first exclusive poker room could arise in the Horseshoe.
In 1998, Becky Behnen took over after a hostile takeover of the control of the Horseshoe. Jack Binion secured a 1 - % stake in the casino, so he could keep his Nevada gaming license and was able to pursue other casino activities.
Behnen undertook immense cost savings that were extremely unpopular with the players. Among other things, the division of the entry fee has been changed. Thereby the dealer were disadvantaged. She joined a popular restaurant in which Benny Binion took advantage of a table as an office.
By dodgy balance sheets and lack of money and chips in the casino vault, the concession by the Nevada Gaming Control was withdrawn on 9 January 2004. A day later, the casino was forced to close its doors.
In March 2004, Harrah 's Entertainment was able to take the Binion 's Horseshoe and sold it shortly afterwards to the MTR Gaming Group. Harrah's, however, secured the rights to the Horseshoe brand names as well as at the World Series of Poker.
In April 2004 the legendary Hotel and Casino could reopen. It was renovated in a modern setting, but after the style as it was built by Benny Binion middle of the 20th century.
In 2008, the Binion's was sold to the company TLC Casino Enterprises. In December 2009, it turned a hotel operations; The casino and restaurants continue to be operated.
Gallery
Johnny Moss, Chris Wills, Amarillo Slim, Jack Binion, and Puggy Pearson outside the Horseshoe in the 1974 World Series of Poker