Lonnie Theodore Binion, also known as Ted Binion, was an American gambling executive and the son of Las Vegas casino magnate Benny Binion, owner of Binion's Horseshoe casino. Ted Binion was involved in multiple criminal cases which included associating with organised crime figures. Binion had a multi-million dollar bullion coin and silver bar collection, known as the Binion Hoard, which he hid inside the Horseshoe casino and at two properties that he owned. When Binion died in 1998, there were suspicions of foul play. Binion's girlfriend Sandra Murphy and her lover Rick Tabish became the prime suspects. After Binion's death, both Murphy and Tabish were charged and convicted of burglary, grand larceny, and murder. The two were later granted a new trial and acquitted on the murder charges.

Lester Ben Binion, better known as Benny Binion, was an American career criminal who established illegal gambling operations in the Dallas-Fort Worth area. In 1931, Binion was convicted of shooting and killing a rum-runner, Frank Bolding. In the 1940s he relocated to Nevada, where gambling was legal, and opened the successful Binion's Horseshoe casino in downtown Las Vegas.