Binions Horseshoe Silver Strike 1997 Horseshoe & Money GDC mm New Case

Description

Binion's Horseshoe
Silver Strike Token
Horseshoe & Money
Year Released: 1997
Approximately .59 Oz of Silver (according to William Cohenour's Comprehensive Nevada Silver Strike Reference Catalog)
GDC Mint Mark = Green Duck Corporation
Smooth Edge
NEW
Case/Capsule measures approximately 1 ⅞ inches in diameter
SSC#:
HSlvnv-006
Purchase 4 or more at the same time and receive FREE shipping.
Logo/Front/Face:
Center: Where the World Comes to Gamble, Binion's Horseshoe logo,.999 Fine Silver, GDC mint mark
Rim: Limited Edition Ten Dollar Gaming Token, Las Vegas, Nevada
Design/Reverse:
Center: Horseshoe and Money
Rim: Limited Edition Ten Dollar Gaming Token,
Horseshoe
Please look closely at the photos they are part of the description.  The photos were taken at different angles with the case off and on to show the true beauty, detail, and condition of the token. The case is new and has never circulated through a silver strike machine.  The last two photos show the token with the case on.  The token has some toning due to age.
Binion's Horseshoe Club released Silver Strikes in 1994, 1997, 1999, and 2001.
What is a Silver Strike?
A Silver Strike is a Limited Edition Gaming Token which is won from a special slot machine and is in a protective plastic holder.  People from all over the world collect, buy, sell and trade these unique gaming tokens.  The first Silver Strikes were won from special slot machines in the Reno/Tahoe area of Nevada in 1992. The tokens have been issued with redeemable values of , , , , , , , 0 and 0. The most common denomination is . Did you know that the older silver strikes have a higher silver content?  When the price of silver increased, the amount of silver decreased.  Today, most strikes are Clad - brass with heavy silver plating.
Binion's Horseshoe Club History:
Is it Binion's?  Binion's Horseshoe?  Horseshoe Club?  The current name at 128 E. Fremont Street is "Binion's Gambling Hall & Hotel".  Its name reflects the founder Benny Binion whose family ran it from 1951 - 2004.  Benny Binion purchased the Eldorado Club and Hotel Apache in 1951 and renamed it Binion's Horseshoe. Sons Jack and Ted were involved in the casino and wife Teddy Jane kept the books.
However, from 1953 to 1957, Benny served time in prison for tax evasion and the majority shares of the property were sold to Joe W. Brown.  It was widely known that Brown was only the caretaker until Benny could regain interest.  At that time, the
Horseshoe was known as Joe W. Brown's Horseshoe.
In 1960, Binion's purchased the neighboring Boulder Club and in 1988, the Mint was acquired, giving Binion's Horseshoe an entire block on Fremont Street.
When Benny passed away in 1989, son Jack continued to run the Horseshoe until 1998, when in a dispute with sister Becky, he surrendered control of the casino.  In 2004, after disputes, legal issues, and payments due to the union, a court order was issued and over ,000,000 was seized from the Horseshoe casino cage to satisfy the debts.  This effectively depleted the Horseshoe's bankroll and it was forced to close.  Within weeks, the Horseshoe was sold to Harrah's and then sold to MTR Gaming Group.  In 2008, the hotel and casino were sold to TLC Casino Enterprises which also owns the Four Queens.
Who was Benny Binion?
Lester Ben Binion (1904-1989) was a gambling icon, career criminal, and convicted murderer.  He was born and raised in Texas where his parents kept him out of school because of poor health.  He never had any formal education.  He learned how to gamble at a young age as he travelled with his father who was a horse trader.  In his young adult years, Benny began moonshining in the Dallas area and was convicted twice for that crime.  He was also convicted of shooting and killing a man but only received a two year suspended sentence. By 1936, Benny had gained control of most of the gambling operations in Dallas and had protection from a powerful local politician.  Binion killed a competitor but the indictment was dismissed on grounds that he acted in self defense.  In 1938, Binion was accused of murdering another competing gambling racketeer and again the charges were dropped. By the early 1940's Benny was the reigning mob boss of Dallas and started moving into the Fort Worth area. After World War II, however, Chicago mobs moved into Dallas and Binion lost his political influence in the Sheriff's office and fled to Las Vegas.
In Las Vegas, Binion became a partner of the Las Vegas Club casino for a short time.  In 1951, Benny purchased the Eldorado Club and the Apache Hotel, obtained a gaming license, and renamed it Binion's Horseshoe.  After his tax evasion conviction, Benny lost his gaming license and served 5 years in federal prison.  Benny was never allowed to hold a gaming license again. Son Jack became the licensee and Benny assumed the title of Director of Public Relations.  His office was a booth in the restaurant downstairs. In Las Vegas, he was known as an innovator and a generous business man.
Fun Fact:
Binion's Horseshoe was the first downtown casino to replace sawdust covered floors with carpeting.
Fun Fact #2:
Binion's was the first casino to offer free drinks and comps to all players, not just high rollers.
Fun Fact #3
: Benny Binion was a key player in getting the National Finals Rodeo to move to Las Vegas.  He
always paid the entry fees for all the cowboys. Boyd Gaming took up the tradition that Binion started.
Fun Fact #4:
In 1970, Jack Binion began hosting the World Series of Poker at the Horseshoe, which is now one of the largest poker tournaments in the world. It outgrew Binion's and now is held at the Rio All Suite Hotel and Casino.
Fun Fact #5
:  Joe W. Brown first brought the famous encased horseshoe with ,000,000 to the casino in 1954.  It was sold in 1959 and Benny recreated it in 1964 using 100 ,000 bills.  Becky sold it in 1999 to a private collector.  In 2008 it was recreated again, this time with 2,700 0 bills, 34,400 bills, and 42,000 bills.
Fun Fact #6:
Did you know the Hotel Apache is back?  Binion's has remodeled rooms to resemble their historic counterparts.  The Hotel Apache was originally opened by the Silvagni family in 1932.
Please feel free to ask any questions.
Thanks for looking,
Silver Strike Club Member # 055
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