Horseshoe Gaming Holding Corporation
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Horseshoe Gaming Holding Corporation
Horseshoe Gaming Holding Corporation was established in 1993 with its only asset being the rights to use the Horseshoe name on casinos. The corporation was a private holding company mostly owned by Jack Binion. History In 1994, the company acquired the Horseshoe Bossier City. The following year it opened a second casino Horseshoe Casino Tunica. In 1999 the company grew more by acquiring Empress Casinos and its two casinos. In 2001, the Empress Casino in Joliet was sold to Argosy Gaming Company and the Empress Casino in Hammond was rebranded to the Horseshoe Casino Hammond which opened under the new name on May 4, 2001. In 2004 the corporation was sold to Harrah's Entertainment which retained the corporation as the operating company for its Horseshoe branded casinos. Casinos *Horseshoe Bossier City *Horseshoe Casino Tunica *Horseshoe Hammond * Empress Casino References *Las Vegas Review-Journal The ''Las Vegas Review-Journal'' is a daily subscription newspaper publishe ...
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Harrah's Entertainment
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gaming company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a p ...
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Argosy Empress Casino
Argosy's Empress Casino (also known as Empress Casino Joliet) was a Riverboat casino and hotel located in Joliet, Illinois. Built in the 1990s by a group of investors headed by T.J. Lambrecht, Empress Casino become one of the first riverboat casinos in Illinois. It was destroyed by a fire on March 20, 2009. History In the early 1990s construction company owner T.J. Lambrecht believed that a riverboat casino in Joliet could thrive, a risky idea at the time. Using a portion of his own money, he and a group of investors created Empress Casino. The Empress Casino opened on June 16, 1992, as a riverboat type casino in Joliet, Illinois. The casino made extensive use of the Egyptian theme including several pyramids on top of the entertainment complex, a large recreation of the Sphinx and faux hieroglyphics along the sides of the building. The unique Egyptian theme became the casino's hallmark. In 1996 its sister casino was opened in Hammond, Indiana, as Empress Casino Hammond. Empress so ...
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Gambling Companies Established In 1993
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not univ ...
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Gambling Companies Of The United States
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universa ...
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Las Vegas Review-Journal
The ''Las Vegas Review-Journal'' is a daily subscription newspaper published in Las Vegas, Nevada, since 1909. It is the largest circulating daily newspaper in Nevada and one of two daily newspapers in the Las Vegas area. The ''Review-Journal'' has a joint operating agreement with The Greenspun Corporation-owned '' Las Vegas Sun'', which runs through 2040. In 2005, the ''Sun'' ceased afternoon publication and began distribution as a section of the ''Review-Journal''. On March 18, 2015, the sale of the newspaper's parent company, Stephens Media LLC, to New Media Investment Group was completed. In December 2015, casino magnate Sheldon Adelson purchased the newspaper for $140 million via News + Media Capital Group LLC. GateHouse Media, a subsidiary of New Media Investment Group, was retained to manage the newspaper. $140 million was considered a steep price amounting to a 69% gain for New Media Investment Group after owning the newspaper for nine months. History The ''Clark County ...
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Horseshoe Hammond
Horseshoe Casino Hammond, located in Hammond, Indiana, is a property containing gaming, entertainment, restaurants, bars, and lounges. History Horseshoe Casino originally opened as Empress Casino in 1996 as a , four-level gaming vessel. Horseshoe Gaming Holding Corporation was established in 1993 as a private holding company, mostly owned by Jack Binion. In 1999, the corporation acquired Empress Casinos, including both the Hammond property and another Empress Casino in Joliet, Illinois. After selling off the Joliet property in 2001, the Hammond property was rebranded as Horseshoe Casino Hammond on May 4, 2001. In 2004, the corporation was sold to Harrah’s Entertainment (rebranded as Caesars Entertainment in 2010), which began the construction of a new gaming vessel, designed by Friedmutter Group, in 2006. The current casino facility opened on August 8, 2008. In October 2017, ownership of the property was transferred to Vici Properties as part of a corporate spin-off, and ...
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Horseshoe Casino Hammond
Horseshoe Casino Hammond, located in Hammond, Indiana, is a property containing gaming, entertainment, restaurants, bars, and lounges. History Horseshoe Casino originally opened as Empress Casino in 1996 as a , four-level gaming vessel. Horseshoe Gaming Holding Corporation was established in 1993 as a private holding company, mostly owned by Jack Binion. In 1999, the corporation acquired Empress Casinos, including both the Hammond property and another Argosy Empress Casino, Empress Casino in Joliet, Illinois. After selling off the Joliet property in 2001, the Hammond property was rebranded as Horseshoe Casino Hammond on May 4, 2001. In 2004, the corporation was sold to Harrah’s Entertainment (rebranded as Caesars Entertainment in 2010), which began the construction of a new gaming vessel, designed by Friedmutter Group, in 2006. The current casino facility opened on August 8, 2008. In October 2017, ownership of the property was transferred to Vici Properties as part of a cor ...
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Argosy Gaming Company
Argosy Gaming Company was an Alton, Illinois based casino operator. History The company through the political connections of its chairman William F. Cellini received the first gambling license in Illinois in modern times. It began operations in September 1991 with the opening of the Alton Belle Casino. Among the biggest initial investors was John Connors, brother of tennis champion Jimmy Connors, Illinois attorney and Democratic power-broker L. Thomas Lakin, as well as other influential St. Louis area businessmen. Jimmy Connors would later become a substantial investor with both brothers maintaining a 19 percent share after it went public. It traded on the New York Stock Exchange under the ticker symbol "AGSY. The company toyed with bankruptcy in the late 1990s with John Connors personally declaring Chapter 7 bankruptcy. In November 2004, Penn National Gaming acquired it for $2.2 billion in cash creating the third largest casino operator in the United States. The merger rai ...
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Empress Casinos
An emperor (from la, imperator, via fro, empereor) is a monarch, and usually the sovereign ruler of an empire or another type of imperial realm. Empress, the female equivalent, may indicate an emperor's wife ( empress consort), mother ( empress dowager), or a woman who rules in her own right and name (empress regnant). Emperors are generally recognized to be of the highest monarchic honor and rank, surpassing kings. In Europe, the title of Emperor has been used since the Middle Ages, considered in those times equal or almost equal in dignity to that of Pope due to the latter's position as visible head of the Church and spiritual leader of the Catholic part of Western Europe. The Emperor of Japan is the only currently reigning monarch whose title is translated into English as "Emperor". Both emperors and kings are monarchs or sovereigns, but both emperor and empress are considered the higher monarchical titles. In as much as there is a strict definition of emperor, it is t ...
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Jack Binion
Jack Binion is an American businessman. Binion is the son of casino magnate Benny Binion and worked for his father at Binion's Horseshoe, a casino and hotel in Las Vegas, Nevada. Biography Binion became president of the Horseshoe in 1963 at the age of 26. His stature within the organization grew following the Horseshoe Casino's 1970 hosting of the first World Series of Poker, which would become the largest poker tournament in the world. Privately held, Binion's Horseshoe was one of Nevada's most successful casino operations. In 1998, following a protracted legal battle for control of the Horseshoe among Benny Binion's heirs, Binion sold his interest in Binion's Horseshoe to his sister, Becky Behnen, while retaining a token 1% interest in the operation so that he could lawfully retain his Nevada Gaming License. He also acquired the rights to the Horseshoe brand outside of Nevada. Binion went on to form Horseshoe Gaming Holding Corporation which developed and operated sever ...
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Horseshoe Casino Tunica
Horseshoe Casino Tunica is a casino resort located in Tunica Resorts, Mississippi. It was developed by Jack Binion, the son of Las Vegas gaming legend Benny Binion, and named after his father's famous Binion's Horseshoe downtown gambling hall. Much like its namesake, the Horseshoe Tunica is known for catering to serious gamblers, particularly table games players, and is known for its liberal, player-favorable rules and its comp policies. The Tunica "Shoe" was opened in 1995 as part of "Casino Center," a development by Jack Binion with three casinos side by side Circus_Circus_Tunica_(now_Gold_Strike_Resort_and_Casino.html" ;"title="/nowiki>Circus Circus Tunica (now Gold Strike Resort and Casino">/nowiki>Circus Circus Tunica (now Gold Strike Resort and Casino) and Sheraton Casino and Hotel (later Tunica Roadhouse Casino & Hotel, now razed) being the neighbors]. The property has undergone several expansions and renovations over the years. Binion sold Horseshoe Gaming Holding Corpora ...
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Horseshoe Bossier City
Horseshoe Bossier City is a riverboat casino in Bossier City, Louisiana, across the river from Shreveport, Louisiana, Shreveport. Horseshoe Bossier City has 606 suites in its 25-story hotel tower. Horseshoe has over 1,500 slot machines and over 60 table games. Horseshoe has over 200 video poker machines, and a 14-table poker room. The casino is owned by Vici Properties and operated by Caesars Entertainment (2020), Caesars Entertainment. In October 2017, ownership of the property was transferred to Vici Properties as part of a corporate spin-off, and it was leaseback, leased back to Caesars. Negative effects of the COVID economy For more than a decade, legal gambling has not been a growing industry in Louisiana. Tribal casinos in Oklahoma have drawn a substantial share of gamblers away from Shreveport/Bossier City which was once the leading market for Louisiana. In 2019, the steady declines due to the COVID-19 pandemic, Covid outbreak have raised grave concerns over the future o ...
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