A part of poker history is closing itÃ¢â‚¬â„¢s doors on December 14th.Ã‚Â Binions Hotel and Casino, located in Downtown Las Vegas on Fremont Street is going to be closing their 365 room hotel for the foreseeable future.
Binions opened in 1951 and started experiencing financial troubles when Benny BinionÃ¢â‚¬â„¢s daughter Becky Behnen took over in 1998.Ã‚Â It closed in January of 2004 whren marshalsÃ‚Â seized cash from the casino to pay outstanding employee benefits.
The same year HarrahÃ¢â‚¬â„¢s bought the rights to the WSOP and sold the casino to MTR Gaming Group as the BinionÃ¢â‚¬â„¢s Gambling Hall and Hotel.Ã‚Â TLC Enterprises has owned the hotel since March of 2008.
BinionÃ¢â‚¬â„¢s was the home of the World Series of Poker (WSOP) until 2005 when the event grew too large for the hotel and casino to house and moved on to the Rio Hotel and Casino across town.
You will still be able to visit the casino, poker room, Ranch Steakhouse and sports book but if BinionÃ¢â‚¬â„¢s is where you usually set up shop in Las Vegas you will have to book a room in a nearby hotel.Ã‚Â Also closing until further notice are the coffee shop and keno parlor.
Binions is owned by TLC Enterprises the same company that also owns the Four Queens.Ã‚Â Lisa Robinson, a spokesperson from TLC said,Ã‚Â Ã‚Â Ã¢â‚¬Å“We plan to reopen it, but we canÃ¢â‚¬â„¢t speculate when that will happen. Las Vegas has been hit so hard with the dramatic drop in visitor spending and the average daily room rate has plummeted. Our hotel rooms were no longer competitive in the market. We had to make cuts where our biggest drains were, the hotel and coffee shop.Ã¢â‚¬Â
The closures are a hard decision for the company to make, they can refer guests to stay in one of the Four QueenÃ¢â‚¬â„¢s 700 rooms but where are the 100 employees losing their jobs going to go?
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