Lonnie Theodore Binion was born on November 28, 1943 –and died on September 17, 1998. Early in his life, Ted worked different jobs in Binion’s Horseshoe Casino and became well-respected for his gaming knowledge.
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As he matured, he started associating with “undesirable” persons and eventually lost his casino license. This had a devastating effect on the younger Binion, as he loved the gaming industry and being part of the casino’s operations.
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How much silver did Ted Binion have?
Ted Binion had 46,000 pounds of silver mint coins. He found and stashed every kind of silver coin he could get his hands on, eventually filling a vault beneath the gambling hall he called home with 46,000 pounds of mint silver coins.
The vault was constructed, and on July 4, 1998, Tabish filled the vault with 46,000 pounds of silver from the basement hiding place of Binion’s Horseshoe Casino.
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