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Benny Binion’s million-dollar gamble lives on 75 years later

August 14, 2026

On August 14, 1951, Benny Binion opened the Horseshoe Club in downtown Las Vegas. Binion’s Horseshoe would become a cornerstone of the casino industry, particularly for downtown. It also made Binion a household name for both locals and tourists, as well as poker players the world over. But when the Horseshoe Club first opened, Binion’s footing was uncertain. His struggles in obtaining a gaming license also offer a fascinating case study for 1950s Las Vegas and just how committed—or not—state officials were in keeping the Nevada casino industry free from organized crime entanglements. From Texas rackets to Las Vegas casinos Binion moved to ...

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