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Binion’s, Birthplace of the WSOP, Closes Hotel Operations

Downtown Casino Will Still Be in the Gaming Business

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Binion'sBinion’s, a name synonymous with poker, announced yesterday that it was shutting down hotel operations starting on Dec. 14.

“This is a result of this brutal economy that has affected Las Vegas," said Lisa Robinson, a spokesperson for the hotel. “We looked at every aspect of our operations, and the hotel rooms are no longer competitive in this market.”

The casino and the historic poker room will remain open (pictured at the bottom of the article).

Formerly known as Binion’s Horseshoe, the downtown Las Vegas hotel opened in 1951. It hosted the first World Series of Poker in 1970 and continued to crown the world champion of poker until Harrah’s Entertainment bought the hotel and the rights to the prestigious series in 2004 and moved it to the Rio soon thereafter.

Binion’s is currently owned by Terry Caudill’s TLC Casino Enterprises, after the company acquired the property in January 2008 for $32 million.

The hotel hosts 365 rooms and will honor reservations for dates before Dec. 14, but will transfer all subsequent guests to its fellow TLC property, the 694-room Four Queens.

As for additional changes, Binion’s will shut down its coffee shop and discontinue offering keno. All told, approximately 100 of the property’s 800 employees will be out of a job.

Las Vegas Mayor Oscar Goodman called the news “a shame,” but stressed that there are a lot of positive developments occurring within the casino industry. One of those positives involves CityCenter, which had its first grand opening today.

Binion’s Poker Room

Binion's Poker Room

 
 
 
 

Comments

texasroadgambler
almost 12 years ago

The article suggests by the use of the phrase "historic poker room" that the picture depicts a poker room that existed when the WSOP was first played at the Horseshoe in 1970.

That is not true.

There was no poker room in the Horseshoe in 1970.

In fact, Benny removed several banks of slot machines and the baccarat table located near the back entrance of the Horseshoe close to the gift shop and the million dollar horseshoe display of $10,000 bills to create space for the poker tournament.

How do I know that? Because Benny was a friend of mine, and I was there.

 
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TDubs82
almost 12 years ago

no one cares who you knew or where you have been

 
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Str8jackit
almost 12 years ago

Tex thank you for the history lesson. Tdub, you should show some respect to the old-timers. They have paved the way and paid their dues. I just wish I was around in the "good old days".

 
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