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Binion's Horseshoe, Las Vegas implodes once-famous Craps pit
Not any more.
Binion's has fallen on hard times, and actually closed its doors for nearly four months in early 2004 after federal marshals raided its cash cage to seize funds to pay Binion's creditors. While they were closed they were bought by Harrah's and then reopened -- but the magic was already gone.
The long time 100X Free Odds offerings had already been reduced to 10X, and were reduced to 3,4 & 5X, raised again to 10X in 2008. And where before there was no maximum bet, now there's a $3,000 limit. And now Binion's has slashed its once world-famous craps pit, cutting back from 13 tables to 6. The once 10-table main craps pit on the East side has been reduced to 6 with the remaining space taken up by roulette and blackjack tables.
This reflects the continuing decline of what was once the downtown bastion for serious craps players. It was only a few years ago when there was absolutely no limit on the high side and players could still play quarter craps on a "Bird Game" at the front table near the Big 6 Wheel.
In 2008 with the purchase of the property by the owner of The Four Queens, attempts are being made to upgrade the casino pit by spreading it out over a wide area near the front of the casino even though the pit at the rear of the casino has now disappeared while a new micro-brewery and sports book is being developed... August, 2008.
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