Lonnie Theodore "Ted" Binion
(November 28, 1943 – September 17, 1998) was a wealthy U.S.
gambling executive and one of the sons of famed Las Vegas casino magnate Lester Ben "Benny" Binion
, owner of Binion's Horseshoe
. His death has been a subject of controversy; girlfriend Sandra Murphy and her lover Rick Tabish were initially charged and convicted in Binion's death, but were later granted a new trial and acquitted on the murder charges.
Ted Binion was born in Dallas
in 1943. He had an older brother, Jack
, and three sisters: Becky, Brenda, and Barbara.Binion moved to Las Vegas with his father in 1947. He was involved early on in his father's casino, the Horseshoe.
While growing up, Ted spent summers at the family's Montana
retreat, a cattle ranch in Jordan
, to work with the ranch hands. Later, in the 1970s, Benny sent his three grandsons—his daughter Barbara’s sons—to Montana to run the ranch. By the 1980s, Benny had amassed an ranch, according to the county recorder’s office. The last parcel he purchased was in 1985. The family sold all the parcels in April 1998 to John Hillenbrand
In 1964, Benny Binion regained full control of the Horseshoe after previously selling his interest to cover his legal costs defending himself from tax evasion and other charges. Since he was a convicted criminal, Benny was no longer allowed to hold a gaming license. His sons Jack and Ted took over the day-to-day operation of the casino. Jack filled... Read More