Tuesday, October 18, 2011

Poker Wallpapers_30

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The property is still open, but Harrahs owns the The Horseshoe brand name. As of 2008 it is owned by TLC Corporation and runs under the name Binion's Gambling Hall and Hotel.



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Binion also instituted high table limits. When he first opened the Horseshoe, he set the craps table limit at $500—ten times higher than any other casino in Las Vegas at the time. Ultimately, Binion's raised the table limit to $10,000 and even eliminated table limits completely at times, which was an immediate hit.



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Unlike other casinos, the emphasis at Binion's was on gambling, not on big performing acts. The casino was also very egalitarian; there were no private pits for high rollers.



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Binion's entire family was involved in the casino. His wife Teddy Jane managed the casino cage until her death in 1994. His sons, Jack and Ted, supervised the games. His daughter, Becky (later Becky Binion Behnen), managed the kitchen.



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The Horseshoe brand was used for several casino properties owned by the Binion family members. While not part of the same company, the other Horseshoe Casinos were owned by Jack Binion, a co-owner of Binion's.



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Benny Binion bought the Eldorado Club and Apache Hotel in 1951, re-opening them as the Horseshoe Casino. He styled it like an old-style riverboat, with low ceilings and velvet wallpaper. It was the first casino to have carpeting, as well as comps that were offered to all gamblers. Benny believed that small-time gamblers should get the same comps as those who bet big money.



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Benny served time in Leavenworth Penitentiary from 1953 to 1957 for tax evasion. He sold his share of the casino to fellow gambler Joe W. Brown to pay approximately $5 million in legal costs. It was generally understood, however, that Brown was only a caretaker, and Benny regained controlling interest in 1957. He did not regain full control, however, until 1964.



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