Definition
Benny Binion (January 20 1904 – December 25 1989) was an American gambling entrepreneur, casino proprietor, and organizer of the World Series of Poker.
Overview
Born in Dallas, Texas, Benjamin "Benny" Binion began his career in the 1920s operating illegal gambling establishments and bootlegging operations during Prohibition. Convicted of multiple offenses, he served several prison sentences before relocating to Nevada in the early 1940s, where he obtained a gambling license. In 1949, Binon opened the Horseshoe Casino in downtown Las Vegas, distinguished by its high‑limit tables, cash‑only payouts, and customer‑friendly policies such as complimentary drinks.
In 1970, Binion organized the inaugural World Series of Poker (WSOP) at the Horseshoe, inviting a small group of professional players to compete in a series of cash‑game tournaments. The WSOP later expanded into an annual, multi‑event tournament series that became the premier competition in the global poker community. Binion remained the owner of the Horseshoe and the WSOP host until the mid‑1980s, when financial difficulties forced the sale of the casino. He died in 1989 at age 85.
Etymology / Origin
The name “Benny” is a diminutive of “Benjamin,” a Hebrew‑derived given name meaning “son of the right hand.” “Binion” is an English surname, historically a variant of “Bennion,” which may originate from a place name or occupational term. No alternative meanings or notable variations of the surname are documented in relation to the individual.
Characteristics
- Entrepreneurial Innovation: Introduced cash‑only payouts and high‑limit gambling tables, influencing modern casino practices.
- WSOP Founder: Established the World Series of Poker, fostering competitive poker as a recognized sport.
- Legal Controversies: Convicted of illegal gambling, bootlegging, and tax evasion; served multiple prison terms.
- Reputation: Known for a flamboyant personal style, colorful anecdotes, and a reputation for both generosity to patrons and involvement in organized‑crime networks.
- Philanthropy: Contributed to local charities in Las Vegas, though philanthropic activities were less publicized than his business ventures.
Related Topics
- World Series of Poker
- Binion’s Horseshoe (now Binion’s Gambling Hall)
- Las Vegas casino industry
- American organized crime in the 20th century
- Nevada gaming regulations and licensing
- Poker tournament history.