Binion’s Casino, a landmark establishment in Las Vegas, Nevada, has a rich history that reflects the evolution of the gaming industry in the United States. Originally opened in 1951 by Benny Binion, the casino quickly became known for its welcoming atmosphere and innovative practices, including the introduction of the World Series of Poker (WSOP) in 1970. Over the decades, ownership of Binion’s has shifted multiple times, reflecting both the challenges and opportunities within the casino and hospitality sector.
After Benny Binion’s death in 1989, the casino was passed on to his family. His son, Jack Binion, took the reins and continued to build upon the legacy established by his father. However, the casino faced financial difficulties in the late 1990s, leading to a series of changes in ownership. In 2004, Binion’s was sold to a group of investors led by the Las Vegas-based company, the “Binion’s Gambling Hall and Hotel.” This acquisition marked a significant turning point as the new owners aimed to revitalize the property while maintaining its historical significance.
In 2008, the basswin casino was again sold, this time to a group of investors led by the company, “Tavern Gaming.” Under Tavern Gaming’s ownership, Binion’s underwent substantial renovations and updates, focusing on enhancing the guest experience while preserving the casino’s storied past. The changes included modernizing gaming options and improving amenities, thereby attracting a new generation of visitors.
In 2013, Binion’s Casino was acquired by the “Lakes Entertainment, Inc.” company, which has since worked to maintain the unique character of the casino while implementing strategies to boost profitability. Lakes Entertainment, founded by entrepreneur Lyle Berman, has a history of managing and developing gaming properties across the United States. Under their ownership, Binion’s has continued to operate as a popular destination for both tourists and locals, featuring a mix of classic gaming options and modern amenities.
As of 2023, Binion’s Casino remains a key player in the Las Vegas gaming landscape. The casino is known for its historical significance, having hosted the World Series of Poker for decades, and continues to attract poker enthusiasts and gaming aficionados alike. The ownership of Binion’s has evolved significantly since its inception, with each new owner bringing their vision to the property while respecting its legacy.
In conclusion, Binion’s Casino is currently owned by Lakes Entertainment, Inc., which has focused on maintaining the establishment’s historical charm while modernizing its offerings. The casino’s ownership history reflects broader trends within the gaming industry, highlighting the challenges and opportunities faced by such iconic establishments. As Binion’s continues to adapt and grow, it remains a testament to the enduring allure of Las Vegas and the rich history of American gaming culture.