Jack Binion’s net worth is
$500 million
Jack Binion Wiki Biography
Jack Benny Binion, a businessman, was born on 21 February 1937, in Dallas, Texas USA. He is best known for being the son of casino magnate Benny Binion and for his work at the casino and hotel called Binion’s Horseshoe in Las Vegas, Nevada. His efforts have significantly contributed to his current net worth.
As of early-2017, sources estimate his net worth to be over $500 million, predominantly earned through a successful career in business. He played a major role in popularizing poker and had a significant impact on the success of casino operations in Nevada.
Jack Binion Net Worth $500 million
After years of working for his father’s casino, Jack became the president of Binion’s Horseshoe in 1963 at the age of 26. This Gambling Hall & Hotel is situated in Downtown Las Vegas Nevada. He gained popularity and saw an increase in his net worth. In 1970, he hosted the first World Series of Poker at the casino, which eventually became one of the largest poker tournaments in the world. These tournaments, along with other endeavors, contributed to the success of the Horseshoe as one of the most prosperous casinos in Nevada.
In 1998, a legal battle among Benny Binion’s heirs for control of his empire led Jack to sell his interest to his sister Becky Behnen, retaining a 1% token interest to maintain his Nevada Gaming License, and the rights to the Horseshoe brand outside of Nevada.
Jack then established the Horseshoe Gaming Holding Corporation, which played a key role in developing various casinos under the Horseshoe name outside Nevada, leading to further increase in his net worth. Ultimately, the corporation was sold to Harrah’s Entertainment, and Jack continued to promote the casinos under the Harrah banner.
Many businesses still bear the Binion name, including “Jack Binion’s Steakhouse”, “Horseshoe Hammond”, and “Horseshoe Tunica”, as well as the popular slot machine called “Who Wants To Be A Binionaire?” Additionally, he helped create the World Poker Open, which functioned as a major feeder tournament for the World Series of Poker from 2003 to 2008.
In 2004, Jack was inducted into the American Gaming Association’s Gaming Hall of Fame, and the following year into the Poker Hall of Fame, in recognition of his contributions to the field and the World Series of Poker. In 2006, he became the chairman of Wynn International, a Nevada-based corporation known for developing high-end hotels and casinos. Although he resigned from the position, he continued as a consultant of Wynn Resorts.
Little is known about Jack’s personal life, including his marital status, despite being an 80-year-old. It is known that his father, Benny, was a gambling icon and mob boss, and his brother, Ted Binion, was initially arrested and suspected of murdering their father, but was eventually acquitted.
| Full Name | Jack Binion |
| Net Worth | $500 million |
| Date Of Birth | February 21, 1937 |
| Place Of Birth | Dallas, Texas, United States |
| Profession | Businessperson, Entrepreneur |
| Nationality | American |
| Parents | Benny Binion, Teddy Jane |
| Siblings | Ted Binion, Brenda Binion, Barbara Binion, Becky Binion |
| Nicknames | Jack Benny Binion |
| IMDB |
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