Sale Of Casino May Cost Downtown - 2004-01-15
The sale of Binion's casino could prove crucial to positioning Harrah's Entertainment as the biggest operator in gaming but wind up costing downtown Las Vegas a world famous brand and the hallmark World Series of Poker.
Three days after federal marshals forced the closure, and seized roughly $1 million from the casino in order to cover approximately $2 million in overdue union health and pension debts, Harrah's unveiled a deal to purchase the hotel-casino from owner Becky Binion Behnen for and estimated $50 million, most of which is in the form of assumed liabilities held by the landmark property
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