Jack Binion’s Wealth
As of 2024, Jack Binion, the former Chairman of Wynn Resorts, has amassed an estimated net worth of $231 million, predominantly through his endeavors in the casino industry. His journey commenced with his involvement in Binion’s Horseshoe, a gambling joint founded by his father.
Binion’s Casino Legacy
At the tender age of 26, Binion took over as President of Binion’s Horseshoe, shaping the casino into a gambling destination. His strategic expansion into riverboat casinos strengthened his influence within the industry. Binion’s savvy business acumen became evident when he sold his stake in these ventures to Harrah’s.
Contributions to Gambling
Beyond monetary success, Binion’s passion extended to poker tournaments, a pastime he popularized. His impact on the world of gambling is undeniable, as he played a pivotal role in shaping the game and introducing it to a broader audience.
Binion Family Fortune
The Binion family’s combined net worth stands at $681 million. Jack Binion’s father, Benny Binion, was the patriarch of the family’s casino empire, leaving behind a legacy that Jack continues to uphold.
Ted Binion’s Gaming License Revocation
Ted Binion’s association with mobster Herbie Blitzstein and his violation of a drug testing program led to the Nevada Gaming Commission revoking his gaming license in 1998. Binion’s ties to organized crime were deemed a risk to the industry’s integrity.