Published on
Update on

The American Gaming’s Association (AGA) Gaming has inducted Lyle Berman, a three-time World Series of Poker (WSOP) bracelet winner into its Hall of Fame at the Venetian in Las Vegas. The Global Gaming Expo (G2E) was being held last Wednesday, where five other professionals already in the HOF in 2016 were joined by the casino pioneer.

At the poker tables back in the day Steve Wynn lost big-time to Berman and that’s the story casino mogul shared during the induction ceremony. It’s safe to assume they weren’t playing micro-stakes games, although he didn’t specify the specific amount he lost.

The new member of the Gaming Hall of Fame won money from many others and not only Wynn. In the pre-poker boom era of the late 1980s and early 1990s, Berman was a regular at the WSOP. Prior to 1995 he won all of his three bracelets. In lifetime Series earnings, the Minnesota easily exceeds $1.5 million.

Poker Player and Businessman

Not only Berman’s poker accomplishments lead to Berman’s induction into the Hall of Fame. In the development of numerous casinos in the 40 US States, the now-75-year-old was instrumental. In 1990, he co-founded Lakes Entertainment. Besides this, he sits on the the World Poker Tour’s (WPT) board as a chairman.

Beyond the gambling industry, Berman’s business dealings have left their mark as well. The poker pro joined his fathers’ leather business after graduating college in 1964. He stayed on as CEO, even after he sold the company. Although Berman is no longer affiliated with the business, it has grown into the now popular Wilson’s Leather.

Go With Senior Poker Skills

In June the 2016 Seniors Poker Hall of Fame also inducted the casino developer. Within the range of $2.67 million he has an overall tournament take to be jealous at. He even sold his life story with I’m All In: Lyle Berman and the Birth of the World Poker Tour.

“Berman’s one miss has been not having a strong recent finish in the World Series Main Event. In fact, outside of a 5th place finish in 1989, he hasn’t fared well in poker’s most prestigious annual tournament. And if not for his Main Event struggles, perhaps the businessman would now be a member of three Hall of Fames, with the regular Poker HOF being the trifecta.”

When it comes to accomplishments in the gaming industry, Berman has a ton to be proud of. He has brought a lot to the gaming industry over the past few decades and his induction last week by the AGA is just another recognition of that fact.