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Business Plus Poker Equals Lyle Berman

Lyle Berman is very famous in the world of poker. For sure, there is not a single poker player who does not know who Lyle Berman is. Aside from being a professional poker player, he is one of the founders of the ever-famous televised poker tournament called the World Poker Tour. But aside from being successful in the poker industry, he is also successful in the area of entrepreneurship.

Although Lyle Berman learned how to play poker at the age of ten years old, he, of course, did not imagine that he would eventually become a professional poker player. Yes, even before he ventured in professional poker, he was already playing the game. However, it was not his source of income and he was merely playing it for fun.

Born in Minneapolis, Minnesota on August 6, 1941, Lyle Berman graduated with a degree in business administration at the University of Minnesota in 1964. He wisely used his degree to venture in different businesses. First, he joined his father in managing a leather business. The business was sold in 1979 but he remained to be its president and chief executive officer. It was sold again to another corporation and it was in 1988 when he decided to quit managing the business.

It was during that time when Lyle Berman decided to get involved in high stakes poker. Fortunately, in 1989, this professional poker player won in a US$1,500 Limit Omaha event of the World Series of Poker that earned him his first World Series of Poker bracelet. He also took home US$108,600.

His success in the poker world made him decide to seriously get engaged in the industry. He became one of the founders of Grand Casinos Inc. in 1990 to enable him and his partners to establish gambling facilities in other parts of the United States aside from the Atlantic City and Las Vegas, Nevada. Now, Lyle Berman and his business partners have not only established gambling facilities in the United States, they also have properties in other parts of the world.

Being a businessman did not stop Lyle Berman from playing poker. This professional poker player was continuously seen at poker tables even after the establishment of his business. In fact, in 1992 and 1994, he earned two more World Series of Poker bracelets after successfully playing US$2,500 No Limit Hold'em and US$5,000 No Limit Deuce to Seven Draw events, respectively.

The passion of Lyle Berman for poker even led to the establishment of the World Poker Tour event. It was in 2003 when this professional poker player, former Disney executive Audrey Kania, and film producer Steven Lipscomb decided to create such event. He has been appointed as the chairman of the board of the World Poker Tour.

By the way, this professional poker player also experienced being a chairman and chief executive officer of restaurants and retail stores from 1994 to 2000.

Well, he surely knows how to earn money.