Casino Connection Nevada

Building a Better Binion’s

The last 10 years have not been kind to Binion’s, a once-legendary Downtown Las Vegas casino.

by Staff

It has been raided by federal marshals, and following that was sold to Harrah's and raided again. Harrah's stripped the Horseshoe brand and the World Series of Poker, then sold what was left to MTR Gaming.

MTR had big hopes for the property, but did little with it, and it became even more outdated, even compared with the aging properties that line Fremont Street.

But a new owner with one success story in the same market is hoping to change all of that.

Terry Caudill, who doubled the cash flow at the Four Queens after taking it over in 2003, recently acquired Binion’s for $32 million.

He is hoping to restore Benny Binion’s motto to the property: “Good food, good whiskey and good gambling.”

Caudill plans to invest money into refurbishing public areas as well as the property’s 360 hotel rooms. He also wants to take advantage of two top-floor features the property has: a restaurant and a pool.

Binion’s is home to the only top-floor casino restaurant and pool in Downtown. Both offer amazing views of the Las Vegas Valley, and Caudill hopes to once again turn them into a first-class attraction.