<Tr> <Th> Previous names </Th> <Td> Eldorado Club Binion's Horseshoe </Td> </Tr> <Tr> <Th> Website </Th> <Td> www.binions.com </Td> </Tr> <P> Binion's Gambling Hall & Hotel, formerly Binion's Horseshoe, is a casino on Fremont Street along the Fremont Street Experience mall in Downtown Las Vegas, Nevada . It is owned by TLC Casino Enterprises . The casino is named for its founder, Benny Binion, whose family ran it from its founding in 1951 until 2004 . The hotel, which had 366 rooms, closed in 2009 . </P> <P> Benny Binion bought the Eldorado Club and Apache Hotel in 1951, re-opening them as Binion's Horseshoe (also called the Horseshoe Casino). The casino's interior had a frontier flavor, like an old - style riverboat, with low ceilings and velvet wallpaper . It was the first casino in downtown Las Vegas (also called Glitter Gulch) to replace sawdust - covered floors with carpeting, and was the first to offer comps to all gamblers, not just those who bet big money . Binion also instituted high table limits . When Binion first opened the Horseshoe, he set the craps table limit at $500--ten times higher than any other casino in Las Vegas at the time . Ultimately, Binion's raised the table limit to $10,000 and even eliminated table limits completely at times, which was an immediate hit . </P>

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