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01/13/2004 - Closure Sends Dark Message

Nevada (Las Vegas) – Jeff Simpson, Gaming Wire - Downtown took a big hit when Binion's Horseshoe was forced to close its doors Friday, casino industry experts said. A dark casino amid the neon on Fremont Street sends a negative message about the vitality of the downtown casino district, and Binion's closure is even worse since the 52-year-old casino is one of the city's leading icons, experts said Sunday. An estimated 900 workers lost their jobs when the Horseshoe was unable to maintain a bankroll after U.S. marshals seized all of the available cash in the casino's cages Friday night, executing a federal judge's order allowing the Culinary parent union's health care and pension trust funds to seize as much as $2 million…Horseshoe owner Becky Binion Behnen agreed Saturday to keep the casino closed until she can convince Gaming Control Board Chairman Dennis Neilander and Nevada Gaming Commission Chairman Pete Bernhard that she's been able to replenish the property's depleted bankroll.

http://www.reviewjournal.com/lvrj_home/2004/Jan-12-Mon-2004/business/22976222.html