Binion’s to Close Hotel and Coffee Shop; Casino and POKER ROOM Remain Open

by Lou on December 3, 2009

Binion’s, the legendary downtown Las Vegas hotel where the World Series of Poker was born, nurtured, and played for 34 years, will close their hotel rooms, coffee shop, and keno operations in two weeks, as a cost-cutting move.

According to spokeswoman Lisa Robinson of TLC Casino Enterprises Inc., which owns the 58-year-old hotel and casino, “It’s the downturn. We had to make some difficult decisions in order to keep the rest of the property operational.”The casino will remain open. So will the poker room, sports book and the Binion’s Ranch Steakhouse.

But all the hotel rooms will close December 14, and the property will lay-off 100 of their 800-person workforce.”This economy has severely affected our operations,” said Robinson, adding, “The hotel rooms were just not competitive.”

The property had severe financial difficulties after Benny Binion’s daughter, Becky Behnen, acquired it in 1998. In January 2004 US marshals seized cash from the casino to pay outstanding employee benefits, throwing the property’s future into doubt.

Harrah’s Entertainment Inc. bought the property, kept the Horseshoe and World Series of Poker brands, then sold the casino-hotel to MTR Gaming Group Inc. of Chester, WV. MTR reopened it in April 2004 as Binion’s Gambling Hall and Hotel but subsequently sold the hotel and casino to TLC, a Las Vegas based company that owns the Four Queens hotel and casino—located just kitty-corner from Binion’s on Fremont Street.

Comments on this entry are closed.

Previous post:

Next post: