Family
Binion and his wife Teddy Jane had five children: two sons, Jack and Ted, and three daughters, Barbara, Brenda and Becky.
Jack and Ted took over as president and casino manager, respectively, in 1964. Benny's wife, Teddy Jane, managed the casino cage until her death in 1994. In 1998, Binion's daughter, Becky, took over the presidency after a legal battle, and Jack moved on to other gambling interests. Becky's presidency saw the casino sink into debt. In 2004, federal agents seized $1 million from the Horseshoe's bankroll to satisfy unpaid union benefits, forcing its closure and eventual sale to Harrah's Entertainment. It now operates as Binion's Gambling Hall and Hotel under the ownership of TLC Gaming Group.
Ted was under nearly constant scrutiny from the Nevada Gaming Commission from 1986 onwards for his involvement in drugs and associating with known mob figures. His gaming license was revoked in 1998, and he died in mysterious circumstances a few months later. Ted's live-in girlfriend and a man with whom she was having an affair were charged and convicted of murder, but the verdict was later overturned. They were retried and acquitted.
Read more about this topic: Benny Binion
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