It's been announced that MTR Gaming Group, which took over Binion’s in 2004 from Harrah's Entertainment who kept the name Horseshoe, is selling the 55-year-old downtown casino to TLC Casino Enterprises for $32 million in cash. TLC also owns the Four Queens downtown. The deal has to close by the end of the year (though TLC can request a six-month extension).  It needs the approval of the Gaming Regulators and the City of Las Vegas.

I think Benny is spinning in his grave.  How about you? 

For more on the history of Binions and the Horseshoe click here