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The Gaming Hall of Fame

2004 Inductee

Jack Binion

Industry Leader

 

Jack Binion (b. 1937)

 

For nearly 50 years, the innovations and style of Jack Binion have helped establish him as a leader in the gaming industry. Binion has always recognized the importance of giving his guests a top gambling experience along with personalized customer service. He is committed to being visible and available to his customers, and his hands-on management style has endeared him to both customers and employees.

Inheriting the Horseshoe legacy from his father, Benny Binion – a 1990 Gaming Hall of Fame inductee – the younger Binion developed the Horseshoe Casino into a Las Vegas icon. The Horseshoe earned a reputation as a quintessential gambling “joint,” and Binion cemented that image in 1970 when Horseshoe hosted The World Series of Poker, the first-ever gambling tournament.

In 1994, Binion established the privately held Horseshoe Gaming Holding Corp. and opened the Horseshoe Casino in Bossier City, La. One year later, the second Horseshoe Casino opened in Tunica, Miss., and both casinos soon led their markets in gaming revenue. In 1999, Horseshoe Gaming purchased the Empress Casinos in Joliet, Ill., and Hammond, Ind., and Binion quickly sparked double-digit revenue increases at those properties.

In 2001, Binion sold the Empress Casino in Joliet and converted the Empress in Hammond into his third Horseshoe property, which became his third market leader. In September 2003, less than 10 years after starting the company, Binion entered into a contract to sell Horseshoe Gaming Holding Corp. and its properties to Harrah’s Entertainment, Inc., for $1.45 billion. He remains one of the most respected executives ever to work in the gaming industry.

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Last modified Thursday, 12-Mar-2009 14:56:20 PDT

 

 

This page last updated Thursday, 12-Mar-2009 14:56:20 PDT .