The operators of what remains of Benny Binion's gambling empire announced they might be closing the casino's hotel to chop operating costs.

TLC Casino Enterprises, the present owner of Binion's Gambling Hall and Hotel in Las Vegas, announced it will end hotel operations, together with keno and occasional shop services, to save lots of on costs. The long-lasting property, which rose to fame under founder Benny Binion, will still run the casino, at the side of the poker and sports betting facilities and Binion's Steakhouse.

The casino was the unique site of the arena Series of Poker, dreamed up by Binion in an effort to determine the world's best card player every year. Binion is regarded as by gaming historians as one of the most great marketers that built Las Vegas, pioneering the usage of comps on meals, rooms, and shows to attract gamblers to his property.

But Binion's children squandered the empire their father had built, and Harrah's eventually acquired control of Binion's Horseshoe, the name favored by Benny. After leaching off the WSOP and the Horseshoe brand, Harrah's then sold what remained, a rundown physical plant in quaint, antique downtown Las Vegas.

The closing of the hotel and side operations will lead to the layoff of over 100 workers.

"We needed to make some difficult decisions to be able to keep the remainder of the valuables operational," said a spokesman for TLC Casinos.

The hotel shutdown means 365 empty and abandoned hotel rooms within the heart of downtown, another victim of the recession.

Published on November 30, 2009 by A.J.Maldonado

Read More... [Source: Harrahs Casino News]