1950s-era Horseshoe Casino Reemerges From Ballys Hotel & Online Casino Rebrand

Binion’s Horseshoe Casino Fandom

The executives had been concerned about typically the MGM Grand being portrayed in a new negative way. The remake of Great Hotel was never ever made. [214] Several films and television series were later shot at the particular resort, and it would appear in other media as well.”

• The $58 million job included an inside pool area, a fitness center and hot tub, retail shops, in addition to three restaurants, which include Jack Binion’s Meat House.
• Horseshoe Las Las vegas is an on line casino hotel on the particular Las Vegas Strip inside Paradise, Nevada.
• In preparation for typically the Empress acquisition, Horseshoe Gaming LLC included in early 1999 because Horseshoe Gaming Positioning Corporation, combining plus acquiring various interests in the company.
• Benny Binion, upon opening the original Binion’s Horseshoe in Las Las vegas, was the very first to institute large table limits.

According to legend, Benny left Based in dallas for Vegas along with two suitcases that contain $2 million within cash. Horseshoe on a regular basis hosts poker tournaments, including the Globe Series of Holdem poker (WSOP) Chicago Circuit Event and Chi town Poker Classic. As Bally’s, the resort became the north terminus of a monorail that shuttled passengers from a new new MGM Great property built on the Strip at Tropicana Avenue. Attaching the particular Horseshoe name to the former Bally’s is usually significant because regarding the building’s historic past. Opened inside December 1973 simply by industry legend Kirk Kerkorian as the MGM Grand, typically the property was at one time 1 of the greatest hotels in typically the world.

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Large bets in addition to psychological maneuvering extra suspense and intrigue towards the event. Though the tournament evolved to include a selection of poker games, the variation known as Texas Keep ‘Em determined the particular winner. After the particular ante, betting started when the first two cards were dealt, face-down, and continued with each additional card worked, face-up, for the five-card hand. A day or two later, about January 23, Behnen reached a deal to sell the Horseshoe to Harrah’s Entertainment. [7] The deal closed in Drive 2004 mostbet.

• In 2001, the Empress Casino inside Joliet was offered to Argosy Gambling Company as well as the Empress Casino in Hammond was rebranded in order to the Horseshoe Online casino Hammond” “which usually opened under the particular new name about May 4, 2001.
• The Louisiana Gaming Control Board renewed the gaming permit for Horseshoe Bossier City in early 2003.
• It will be headquartered in Reno, Nevada, where” “Eldorado is based, and have a substantial business presence in Las Vegas, where Caesars is based.
• He mentioned that the business was “in a fantastic financial position as Caesars heading forward from here” and will decrease debt.
• The online casino is named for their founder, Benny Binion, whose family went it from the founding in 1951 until 2004.

As of 2008 it truly is owned by TLC Corporation and works under the title Binion’s Gambling Corridor and Hotel. Horseshoe St. Louis, earlier known as Lumière Place, will be a casino resort in St. Louis, Missouri. It is usually owned by Video gaming and Leisure Qualities and operated simply by Caesars Entertainment. In preparation for the Empress acquisition, Horseshoe Gaming LLC incorporated in early 1999 because Horseshoe Gaming Holding Corporation, combining plus acquiring various interests inside the company.

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Benny Binion, upon opening the original Binion’s Horseshoe in Las Las vegas, was the 1st to institute higher table limits. The craps table limit of $500 has been 10 times higher than any other on line casino in Las Vegas, in addition to eventually, Binion raised the limit in order to $10, 000 and even eliminated table restrictions at times. Horseshoe Casino originally exposed as Empress On line casino in 1996 because a 54, 000-square-foot (5, 000 m2), four-level gaming vessel.

• Horseshoe Casino originally opened up as Empress On line casino in 1996 as a 54, 000-square-foot (5, 000 m2), four-level gaming vessel.
• The finishes — horseshoe logos and black earth tones — are similar to what guests would find at some other Horseshoe properties.
• In 1947, when Jack has been 10 years old, the particular election of a new new sheriff caused Benny to depart Texas along with his better half and five youngsters.
• In 2004, the organization was sold to Harrah’s Entertainment (rebranded as Caesars Entertainment in 2010), which usually began the construction regarding a new video gaming vessel, designed simply by Friedmutter Group, in 2006.
• On May 4, 2001, Horseshoe Gambling celebrated the remodelling and new title using a grand beginning gala event for VIPs and the media, having a selection of headline enjoyment from around typically the world.

During 1996 the organization initiated expansion tasks at both the Mississippi and Louisiana properties. At Bossier City the organization developed a 26-story motel, providing 606 luxurious suites with king or queen size beds and pebble bathrooms, many with Jacuzzi tubs. The $58 million job included an inside pool area, a gym and health spa, retail shops, in addition to three restaurants, which include Jack Binion’s Steak House. From typically the beginning Horseshoe Gambling operated probably the most lucrative casinos within their marketplaces. At Bossier City, the Queen of the Red directed Louisiana riverboat gaming with $151. 2 million in major casino revenues mostbet app.

Company Histories

In 1970 typically the Binions initiated the World Series of Poker, an annual event for which the particular Horseshoe Club grew to become famous. Like the free-wheeling atmosphere associated with the Horseshoe Golf club, the event drawn professional gamblers through all over the world. While the particular prize money had been collected from gamers who paid costs to compete, cash” “earned at the online poker table often exceeded the significance of the award.

On May some, 2001, Horseshoe Video gaming celebrated the renovation and new name having a grand opening gala event for VIPs and typically the media, featuring selection of headline amusement from around the world. Changes in the Hammond site resulted in a new significant increase in income at the casino, particularly after dockside gaming opened that kicks off in august 2002. Caesars Enjoyment announced today, Jan 26, that this plans to rebrand Bally’s Las Sin city to a Horseshoe hotel and on line casino. According to a report, the rebrand will incorporate a multi-million money renovation of the particular old Bally’s area, including new decorations and exteriors. In addition, Jason Gregorec, senior vice chief executive and general office manager of the home, told USA Today they plan to be able to add at very least three new dining places.

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In Mississippi, where Horseshoe Online casino Center remained the particular most profitable of 29 casinos in the state, the company was granted permit renewal in September 2000. The In Gaming Commission renewed the license with regard to the Horseshoe Online casino Hammond in August 2001. The Louisiana Video gaming Control Board renewed the gaming permit for Horseshoe Bossier City in early 2003. In an urgent turn of events, however , in June 2k the Illinois Gambling Board (IGB) refused to grant the gaming license to be able to Jack Binion for operation of typically the Joliet Empress, noting several regulatory issues and questioning specific business practices. Binion was stunned as the IGB experienced approved the purchase on condition that Horseshoe Gaming shift its headquarters to Joliet, that this company did, relocating a number of key employees plus their families. Binion” “questioned a judge to provide an opinion on the IGB choice before seeking the legal appeal.

• Eldorado Resorts Inc. introduced Monday it has finished a $17. a few billion buyout of Caesars Entertainment Corp. and will take those iconic company’s title going forward because the largest casino owner on earth.
• The the year of 1971 Mission impossible movie Diamond jewelry Are Forever has a chase picture showing the Horseshoe several times.
• Several gaming companies expressed interest in acquiring Horseshoe Gaming, such as Ameristar Casinos which searched for financing for the offer of $1. 3 billion.

He sold the display in 1959 and it also was later recreated using 100 in the $10, 000 bills by Benny within 1964. [2][9] The display became one of the casino’s attractions. The Horseshoe brand utilized for several online casino properties owned simply by the Binion family members. While not really part of the same company, the particular other Horseshoe Internet casinos were owned by Jack Binion, a new co-owner of Binion’s. In another unexpected change, the Empress Joliet casino increased in value rather dramatically. A law passed in June 1999 permitted gambling at riverboat casinos when docked, not really strictly while touring.

Post-binion Family (2004–present)”

The finishes — horseshoe logos and darkish earth tones — are similar to what guests would find at some other Horseshoe properties. Benny Binion, the well known Texas gambling prócer and horse trader, opened the authentic Horseshoe Club in downtown Vegas within 1951. His child, Jack, later” “grew to become president of typically the Horseshoe and created the property into the particular preeminent location for gamblers, partly by founding the World Number of Poker in 70. The brand after that furthered its reputation because they build casinos throughout the country. While Brown operated typically the casino, he installed the famous $1 million display upon the casino ground.

• Opened inside December 1973 by simply industry legend Kirk Kerkorian as typically the MGM Grand, typically the property was at one time 1 of the biggest hotels in typically the world.
• In September 98 Horseshoe Gaming signed an agreement in order to acquire Empress Entertainment, operator of riverboat gaming operations inside Hammond, Indiana, around Chicago, as well as in Joliet, Illinois.
• Since it opened in 2014, typically the Horseshoe Casino Baltimore has struggled in order to find its a foot-hold amid competition using the state’s other fresh casinos, a trouble compounded by the particular shutdown precipitated the coronavirus pandemic.
• “The Horseshoe brand is the most legendary brand in gaming, ” Jason Gregorec, senior vice president in addition to general manager of the property, advised USA TODAY.
• At Bossier Metropolis, the Queen associated with the Red directed Louisiana riverboat gaming with $151. two million in major casino revenues.
• In 1999 the company grew even more by acquiring Empress Casinos and its 2 casinos.

Caesars obtained the Horseshoe brand name in 2004 in addition to operates nine additional properties with that will name across the nation. Asia by Chef Martin Yan, the entire world Collection of Poker Hall of Fame Poker Room plus, in” “the summertime, it will include Guy Fieri’s Flavortown Sports Kitchen. “This is an extremely exciting time even as we bring Horseshoe to center Strip in Las Sin city, ” Jason Gregorec, senior vice president in addition to general manager regarding Horseshoe, said inside an exclusive job interview with the Review-Journal. In 1999 the company grew considerably more by acquiring Empress Casinos as well as two casinos. Get the brief on typically the top business reports of the week, plus CEO interview, market updates, tech and money news that matters to you.

Horseshoe St Louis

Horseshoe Gaming Holding Company was established in 1993 as a new private holding organization, mostly owned by simply Jack Binion. In 1999, the organization acquired Empress Casinos, including the Hammond property and an additional Empress Casino in Joliet, Illinois. After selling off of the Joliet property in 2001, the Hammond home” “had been rebranded as Horseshoe Casino Hammond on May 4, 2001. In 2004, the organization was sold to Harrah’s Entertainment (rebranded as Caesars Amusement in 2010), which often began the construction regarding a new video gaming vessel, designed simply by Friedmutter Group, in 2006. In February 1995, Binion opened the Horseshoe Online casino Center in Robinsonville, Mississippi, on the Mississippi River about thirty five miles southwest associated with Memphis, Tennessee. The first floor associated with the barge placed a casino, also designed in typically the Victorian style, together with 1, 022 slot machine game machines, 39 desk games, and ten poker tables.

• The extended gaming time served to increase casino profits by a lot more than thirty percent.
• The Chicago Sun-Times leaped a brief profile of Douglas Kim, the master sommelier who else was raised in Chi town, outlining his role as the director associated with wine for MGM’s Las Vegas resorts.
• Changes from the Hammond site resulted in the significant embrace revenues at the casino, particularly after dockside gaming opened that kicks off in august 2002.
• Included within the renovations is a great updated poker space, now called the Planet Series of Holdem poker Hall of Popularity Poker Room.

After some problems, which include a $1 mil regulatory fine within 1993 and financial losses in 1994, a dispute over management of typically the Horseshoe Club came about between Jack plus Becky. After the two-year legal fight, Jack chose to hint over his curiosity in the Horseshoe Club to Becky in 1998. By that time, new video gaming venues outside typically the Las Vegas industry held his attention. Horseshoe has consistently branded itself since the home of the highest limits.

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“As expansion projects from existing properties reached completion, new jobs came to fruition, specifically the goal of gaming options in the Midwest. In September 98 Horseshoe Gaming authorized an agreement to be able to acquire Empress Amusement, operator of riverboat gaming operations inside Hammond, Indiana, near Chicago, and in Joliet, Illinois. The Empress Hammond riverboat supplied 43, 000 square-feet of gaming room, with gambling obtainable at 1, 677 slots machines, fifty-five table games, plus 8 poker tables. The Empress Joliet, with 30, 500 square-feet of video gaming space, housed one, 072 slot machines, 46 game tables, and 7 poker tables. The Joliet site included a 102-room hotel in addition to an 80-space leisure vehicle park. As legalized gambling broadened outside of Todas las Vegas, Jack Binion pursued work at home opportunities within these new markets.

• The company obtained the unfinished riverboat from Circus, which terminated its advancement project.
• Caesars attained the Horseshoe brand name in 2004 in addition to operates nine other properties with that name across the nation.
• After some problems, which include a $1 , 000, 000 regulatory fine inside 1993 and economic losses in 1994, a dispute more than management of the particular Horseshoe Club came about between Jack in addition to Becky.
• The business also built infrastructure for the chance of building an one, 000-room hotel tower.

The individual bankruptcy reorganization led to the creation associated with the investment have confidence in VICI Properties Incorporation. It owns the buildings and land of more” “as compared to 20 casino-resorts, which include Caesars Palace around the Las Vegas Strip, and leases the particular operations back to casino operators. The acquisition would generate a casino juggernaut about 60 casino-resorts in 16 says under a single name, Caesars, producing the largest gambling operator in the United States. The deal — pursuing pressure from activist investor Carl Icahn — is targeted to close within the first half of 2020 if accepted by gambling government bodies and shareholders. In 1993, Bally’s introduced plans to create a new entrance over the Todas las Vegas Strip, on the three-acre property which was being used as a resort car parking lot.

Company-histories Com

The Mississippi property was identified for the Ideal Hotel Casino, Greatest Rooms, and Ideal Suites. Horseshoe Bossier City retained their positions within the Best Hotel, Best Bedrooms, and Best Hosts categories. That house was named because the Best Desk Game Tournaments, Greatest Shopping, and with regard to two dining groups, Best Seafood, in Jack Binion’s Beef House, and Best Chinese, at Four Winds restaurant.

• A significant feature of the remodeling was to affect the casino’s worn carpeting with surplus carpeting that Benny Binion had stored since initially carpeting the casino.
• The initial Horseshoe was purcahased by Harrah’s Entertainment in 2004, and the brand has expanded throughout the country, together with locations in Maryland, Chicago, Mississippi, plus more.
• Revenues were hampered fairly by disruption from construction, increased opposition, and adverse climate.
• The original Horseshoe was started by Benny Binion on Algunas Vegas’ Fremont Street in 1951, and Caesars now owns Horseshoe casinos in several states which include Iowa, Indiana, Maryland, and Mississippi.

The buyout also affects Caesars properties in the United Kingdom, Egypt, Canada, Dubai in addition to a course in the Chinese gambling enclave of Macau. Caesars said in its statement that it desires the renovations to get completed by the end of the 12 months and teased “new entertainment” options that will will come along with it, but stayed mum on particulars, saying that they would be forthcoming. Mike Rowe shows typically the daily grind housekeepers and casino employees endure to help keep joyful customers on ‘How America Works’.

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Improvements at Horseshoe Casino Center engaged additional gaming area and upgraded dining options. The business relocated central anatomist and a buffet in the casino area to an adjacent building, opening space for 475 slot machines plus ten table game titles in the casino. The buffet was converted to a worldwide theme and” “broadened to accommodate 600 patrons. The addition of a piano bar and an Us grill, called Café Sonoma, completed the particular improvements. The company also built infrastructure for the chance of building a just one, 000-room hotel structure.

Winners through different tables next played against one another until one particular person won at the particular final round regarding play. Jack Binion, whose father opened the original Horseshoe Club in down-town Las Vegas in 1951, has a steak restaurant inside the resort known as in his honor. The iconic Horseshoe brand made a triumphant return to be able to Las Vegas upon Friday, landing within the Strip with a ceremony that drew gambling royalty, business owners from parent organization Caesars Entertainment Inc. and Clark County officials. On Weekend and will go about all afternoon at Artisanal Foods about South Eastern Opportunity.

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In Apr 2001 Horseshoe Video gaming completed an $11. 5 million renovation at the Hammond casino and pavilion plus renamed it Horseshoe Casino Hammond. The casino catered to the high-end Chicago market with a luxurious gaming space, featuring marble and wooden grain accents plus” “gradation of terra cotta, ointment, and black. The VIP room offered security personnel fitted in tuxedos, a private hors d’oeuvre buffet, as well as large limit slots, in addition to a $20, 1000 per hand restriction at blackjack, the best bet available within the Midwest video gaming market. Also, Horseshoe Casino Hammond permitted bets up in order to $100, 000 upon Baccarat and 100x odds on craps. The company spent $2. 5 mil in employee coaching to improve customer support at the on line casino.

• In Feb . 1995, Binion opened up the Horseshoe Casino Center in Robinsonville, Mississippi, on the Mississippi River about 35 miles southwest regarding Memphis, Tennessee.
• The brand has a long history with all the game as the particular downtown spot hosted the WSOP regarding decades before Harrah’s bought the privileges and moved this to the Rio in 2005.
• The company spent $2. 5 mil in employee teaching to improve customer service at the casino.
• Behnen applied several” “cost cutting measures, most regarding that were unpopular along with the gamblers.
• The play at super satellite events continuing until a player” “each and every table won all tournament chips in which table.
• Shareholders of Eldorado Resorts Inc. will keep about 51% of the company’s outstanding stock, with Caesars Entertainment shareholders keeping the remaining plus 49%.

Located in downtown Las Vegas’ “Glitter Gulch, ” the casino was renamed Binion’s Horseshoe Club. Benny Binion operated the particular casino in a new casual, freewheeling design, managing the golf club from a table in the espresso shop around the casino floor. He highlighted providing pure gambling for serious bettors, offering no entertainment but providing “good food, good support and a great gamble. ” He or she offered excellent gaming odds and recognized all bets with out limit. Thus the particular Horseshoe Club attracted high-rolling, professional bettors and became a single of the almost all profitable casinos inside Vegas.

Horseshoe Gaming Keeping Corporation

Benny Binion provided oversight unofficially from his desk in the java shop. Though typically the standard setup will be 2, 500 theatrical style telescopic seats, the seats can be pulled back in order to create a complete general-admission room that can be set up regarding more contemporary stone shows, as well as function as a fête and tradeshow service. More than 2 hundred acts performed within The Venue within its first 36 months” “and extra events have included The Great Midwest Smokeout and the Chicago Circuit Championship of the World Series of Poker. Binion’s reopened in April 2004, with MTR Gaming operating typically the hotel and Harrah’s Entertainment operating the particular casino, while MTR Gaming completed the process of acquiring the required gaming certificate. Harrah’s continued to use the casino within temporary contract together with MTR Gaming until March 11, 2006 when MTR Gambling Group officially got control of typically the operation of typically the casino and renamed it Binion’s Playing Hall and Hotel.

• Horseshoe On line casino currently referred to as Binion’s Gambling Hall in addition to Hotel, is actually an on line casino in downtown Todas las Vegas.
• Billionaire investor Carl Icahn will become the largest solitary shareholder, with more than 10% of the combined company and about three members on the particular new company board, Carano said.
• He sold the particular display in 1959 also it was later recreated using 100 in the $10, 000 charges by Benny within 1964. [2][9] Typically the display became one of many casino’s attractions.
• She also made changes in the distribution of typically the money from typically the entry fees in the World Sequence of Poker that were unpopular with all the casino dealers, in addition to closed a well-known restaurant in typically the casino.
• As legalized gambling extended outside of Las Vegas, Jack Binion pursued online business offerings in these new marketplaces.

Binion’s Horseshoe, likewise known as the Horseshoe Casino or perhaps simply The Horseshoe, was a motel and casino located in downtown Las Sin city, Nevada on exactly what is” “today the Fremont Street Experience. The on line casino was named for its founder, Benny Binion and had 366 rooms, three restaurants along with a rooftop pool area. On September 12, 2003, Horseshoe Gaming signed an arrangement to be attained by Harrah’s Amusement, Inc. Several playing companies expressed desire for acquiring Horseshoe Gaming, such as Ameristar Casinos which searched for financing for their offer of $1. 3 billion.

Mgm Grand Hotel And On Line Casino (1973–

The extended gaming time served to increase casino revenues by more than 35 percent. The purchase of Empress Entertainment practically doubled Horseshoe revenues to $1 billion dollars in 2000, compared to $525. 6th million in 1999. Bossier City accounted for $268. 7 million in net revenues inside 2000, Robinsonville accounted for $250. 6 million, Empress Hammond for $245. five million, and Empress Joliet for $247. 6 million. Revenues were hampered fairly by disruption from construction, increased competitors, and adverse climate conditions. Horseshoe is house to the most significant poker room in typically the Midwest, featuring 34 tables at just about all limits and a personal poker area, Benny’s Back Room — named” “for that founder of the original Horseshoe within downtown Las Sin city, Benny Binion.

• In 1988, typically the Horseshoe expanded by simply acquiring The Great, a high-rise resort on the western world side of typically the casino.
• His son, Jack, later” “grew to become president of typically the Horseshoe and created the house into the particular preeminent spot for bettors, partly by starting the World Series of Poker in 70.
• Harrah’s retained the rights towards the Horseshoe company plus the World Collection of Poker any time it sold the casino and resort, but sold the particular Binion’s brand.
• Horseshoe Online casino Hammond was named for Best Black jack, Best Craps, Best Roulette, and Ideal Baccarat.
• While he used typically the Horseshoe name (acquiring rights in 95 ahead of the family dispute), Jack operated typically the company independently through the family business in Las Las vegas.

A land-based pavilion adjacent to the riverboat offered patrons the choice of the steakhouse or self serve buffet dining, an athletics lounge, an goodies parlor, and a new gift shop. The company purchased plus refurbished the close by LeBossier Hotel, which provided 202 guest rooms, an backyard swimming pool, plus the 240-seat Atrium Eating place. The Queen in the Red opened for business” “upon July 9, 1994, attracting much regarding its customer base from Dallas/Ft. Benny Binion bought the particular Eldorado Club and Hotel Apache inside 1951, re-opening these people as Binion’s Horseshoe (also called the Horseshoe Casino). [2] The particular casino’s interior got a frontier flavor, like an old-style riverboat, with low ceilings and velvet wallpaper.

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In 2004 the organization was sold to Harrah’s Amusement which retained the particular corporation as the operating company with regard to its Horseshoe brand casinos. Horseshoe Gambling Holding Corporation was established in 1993 with its just asset being the rights to employ the Horseshoe brand on casinos. Guests can expect to locate a new marquee, 3 new restaurants, about three new “attractions plus experiences” (Gregorec declined to look into detail about what those might look like) as nicely as a revamped atmosphere on the casino floor. Renovations on the 2, 810-room property will begin this spring together with the poker area, before branching out in order to the exterior, casino floor and other public areas. Caesars Entertainment Inc. plans to transform Bally’s Las Vegas into a Horseshoe casino through a multimillion-dollar renovation project starting this spring. The rebranding will allow the World Series associated with Poker to reunite with the Horseshoe brand – its original home – for over a dozen years on the Rio.

While Dark brown operated the on line casino, he installed the famous $1 million dollar display within the casino floor. He sold the display inside 1959 and this was later recreated using 100 $10, 000 bills simply by Benny in 1964. [1] The display became one of the casinos points of interest. The 400, 000-square-foot (37, 000 m2) home containing gaming, enjoyment, restaurants, bars, in addition to lounges.

“horseshoe Las Vegas

Next year, visitors will be able in order to find a brand-new Blake Shelton-tied amusement venue, Ole Red, in front regarding the Horseshoe property at the Grand Bazaar Shops. After lots of years in downtown Las Vegas and 17 many years at the off-Strip Rio, the tournament is set to be held at the Horseshoe and Paris Las Vegas from May 31 to July 19. Gregorec said one regarding the most exciting components to the casino’s rebranding is the World Number of Poker’s reunion” “with Horseshoe. The initial Horseshoe casino – what is now Binion’s Gambling Hall and Hotel – managed the first World Collection of Poker in 70. The second change comes soon after Caesars Entertainment began removing itself from the Bally’s name, selling the particular brand to a company formerly known as Twin River Around the world Holdings in 2020. New development may be coming to the particular Las Vegas Remove as a program to sell publicly owned land along the north finish was approved Wednesday.

• Like typically the free-wheeling atmosphere associated with the Horseshoe Golf club, the event attracted professional gamblers from around the world.
• The Mint Casino next-door to the Horseshoe” “Membership was acquired during this time, thereby doubling how big the Binion’s operation.
• Unlike some other casinos, the focus at Binion’s was on gambling, not on big carrying out acts. [6] Typically the casino was furthermore very egalitarian; right now there were no personal pits for high rollers.

Harrah’s offered $1. 45 billion to buy excellent stock and assume debt, without loans required. Completion of the acquisition expected approval of video gaming boards in Mississippi, Louisiana, and Indiana, as well as a waiting time period required by antitrust law. In The month of january 2004, Harrah’s declared that it also intended to acquire the stressed Horseshoe property inside Las Vegas owned or operated by Binion’s sister. As the most likely new owner of the Horseshoe properties, Harrah’s hoped to benefit from that company’s great reputation and Globe Series of Online poker tournament renown.