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Lyle Berman in the 2005 World Series of Poker
|World Series of Poker|
Main Event finish
|World Poker Tour|
Berman grew up in Minnesota and attended the University of Minnesota where he graduated in 1964 with a degree in business administration. He then went to work for his father's leather business, Berman Buckskin. When the business was sold to W. R. Grace in 1979, he stayed on as president and CEO. The company was then later sold to the Melville Corporation where it became Wilsons Leather. From 1994 to 2000 he was the chairman and CEO of the Rainforest Cafe chain of restaurant and retail stores.
Berman also played an important role in gaming companies. In 1990 he was a co-founder of Grand Casinos Inc., a company that sought to create gambling establishments outside of Las Vegas and Atlantic City. Grand Casinos' Native American casino holdings were spun off into a new company, Lakes Entertainment Inc., and Berman was named CEO. Additionally, Berman is the chairman of the board of the World Poker Tour and Pokertek.
He won the B'nai B'rith Great American Traditions award in 1995 and the Gaming Executive of the Year award in 1996.
Berman has won 3 World Series of Poker (WSOP) bracelets.
In 2005 Lyle Berman competed in the National Heads Up Championship. He finished in fifth place losing to eventual champion Phil Hellmuth Jr.
World Series of Poker BraceletsEdit
|1989||$1,500 Limit Omaha||$108,600|
|1992||$2,500 No Limit Hold'em||$192,000|
|1994||$5,000 No Limit Deuce to Seven Draw||$128,250|
Berman co-authored I'm All In : Lyle Berman and the Birth of the World Poker Tour (ISBN 1-58042-176-8) with Marvin Karlins. The autobiography details Berman's life from his childhood to his life as an adult, covering his business ventures, his opinions on poker and Las Vegas, and his experiences with designing and developing the World Poker Tour into what it is today.