Tom Breitling and Tim Poster were the highest profile successful entrepreneurs who profited in the downtown market during the last crisis. ATLANTIC CITY — Golden Nugget Atlantic City has been fined $30,000 and its top executive was suspended for three days without pay for wrongly firing the casino’s surveillance director. Tom Breitling and Tim Poster joined Wynn Resorts subsidiary Wynn Las Vegas as Senior Vice Presidents of Strategy and Development on July 2008. Anonymous Billy Navarre Cameron LNG Cameron Communications Capital One … Landry's owns and operates more than 300 restaurants including Landry's Seafood House, Joe's Crab Shack, Willie G's Seafood & Steakhouse and The Chart House. This was a personal investment, meaning the duo didn’t have the funds of a major corporation. In 1971 Steve Wynn's first casino investment is in the Golden Nugget. For example when Tim and Tom bought the Golden Nugget in 2003, it became Benny Binion like player friendly - they'd book most any bet, give 100X odds on craps, all that. Tim and Tom found tremendous value in the Golden Nugget brand and reinvigorated and rejuvenated that brand to become one of the top names in gaming and hospitality. Breitling has published his autobiography, Double or Nothing in 2008. If Tom Sawyer and Huck Finn had come of age at the end of the 20 th century looking for an all-American adventure, they probably would've headed for Vegas. Instead, he wound up owning The Golden Nugget and making two deals each worth upwards of a hundred million dollars. If Tom Sawyer and Huck Finn had come of age at the end of the 20th century looking for an all-American adventure, they probably would've headed for Vegas. The story of Tom Breitling and Tim Poster perfectly illustrates this point. The Golden Nugget was sold for $215 million to Poster Financial Group, owned by Timothy Poster and Thomas Breitling in 2004. The Golden Nugget was sold in 2003, for $215 million to Poster Financial Group, owned by Timothy Poster and Thomas Breitling. Together Tim and Tom persuade Steve Wynn to sell them The Golden Nugget, the storied property that Wynn himself used as the first step in building a gambling empire and making Vegas what it is today.Determined to bringing the real gamblers back to the Nugget located in downtown Vegas (a good 20 minutes away from the Vegas strip) Tim and Tom raised the odds to lure the high-rollers - and … He takes control two years later and leverages this property into the business that would become Mirage Resorts. The Ante4autism event is now part of Beat Autism Now as the main event conducted every year. This video chronicles the strategy that Tim Poster and Tom Breitling implemented at the Golden Nugget to get high rollers down to the casino. Update 02 July 2008 LATEST UPDATE: " Tim & Tom Are Back Steve Wynn has named former Golden Nugget owners Tim Poster and Tom Breitling senior VPs of strategy and development for Wynn Las Vegas. Call them the Odds Couple. They were in … In less than a decade, friends Tom Breitling (the conservative one) and Tim Poster (the risk taker) founded a successful Internet travel business and sold it for millions. Call them the Odds Couple. As recounted in Tom Breitling's book, Double or Nothing, the partners agreed to buy the Golden Nugget and had an agreement to sell the property after operating it for only one year. “Tom Breitling and Tim Poster are the ultimate American entrepreneurs. PB Gaming, Inc., owned by Tim Poster, Tom Breitling, Andre Agassi, Charles Mathewson and Perry Rogers, announced today the completion of the sale of Poster Financial Group, Inc., its wholly owned subsidiary, to Landry's Restaurants, Inc. (NYSE: LNY). Last edited by: MDawg on Apr 30, 2019. If Tom Sawyer and Huck Finn had come of age at the end of the 20 th century looking for an all-American adventure, they probably would've headed for Vegas.. As recounted in Tom Breitling's book, Double or Nothing, the partners agreed to buy the Golden Nugget and had an agreement to sell the property after operating it for only one year. … Now $37 (Was $̶1̶1̶9̶) on Tripadvisor: Golden Nugget Hotel & Casino, Las Vegas. Tom Pohlman Vice President and General Manager at Golden Nugget - Laughlin Las Vegas, Nevada Area 1 connection It's been a great six weeks for the new co-owners of downtown's Golden Nugget, Tim Poster and Tom Breitling said Sunday evening. A couple of years ago they had a reality TV series about the Golden Nugget in Las Vegas. For Tom Pohlman, taking the reins of Golden Nugget’s most recent property was like coming home. By Howard Stutz, Las Vegas Review-Journal. The Ante4autism Texas Hold’em tournament in Las Vegas was founded in 2009 by Doug Krinsky and is now held at the Golden Nugget each January. Tom Breitling, The Author Prior to working at Wynn Resorts, Breitling shared the … Then when Landry's bought the Nugget in 2005, it went completely in the opposite direction less player friendly than it had ever been. In 2000, Mirage Resorts is purchased by MGM Grand, who turns around and sells the Nugget to Internet entrepreneurs Tim Poster and Tom Breitling. They'd have been hard-pressed to go on a wilder ride than the one taken by Tom Breitling and Tim Poster to the top of the famed Golden Nugget Hotel & Casino. They'd have been hard-pressed to go on a wilder ride than the one taken by Tom Breitling and Tim Poster to the top of the famed Golden Nugget … Feb. 5, 2005 - A little more than a year after their purchase of the Golden Nugget landed Tim Poster and Tom Breitling on the front pages of … They'd have been hard-pressed to go on a wilder ride than the one taken by Tom Breitling and Tim Poster to the top of the famed Golden Nugget Hotel & Casino. Tom has a great story to tell.” (Tony Bennett) “For whatever misguided reasons, Tom Breitling says he grew up wanting to be me. Tim Poster and Tom Breitling Could Split up to $150 million in Profits With Sale of Golden Nugget for $295 million in Cash and Debt Assumption to Landry's Restaurants / February 2005. In September 2005, the pair sold the Golden Nugget to Landry’s Restaurants Inc. for approximately $340 million. In September 2005, they sold the Golden Nugget for approximately $340 million. As the principal operators, they expanded their knowledge and understanding of integrated resort operations and managed to reinvigorate this downtown Las Vegas gem. The owners at that time were Tim Poster and Tom Breitling. Tom Breitling and Tim Poster were the highest profile successful entrepreneurs who profited in the downtown market during the last crisis. When Poster Financial assumed control of the Golden Nugget, they began to upgrade the gambling operation by installing new cashless slot machines and by increasing the maximum bet available at table games to $15,000. By 2009, They completely remodeled, reconfigured, and expanded the property. Breitling and Poster bought Vegas’ Golden Nugget casino for $50 million in 2004. Knight Ridder/Tribune Business News. Former Golden Nugget owner Tim Poster met his fate - and it wasn't a pretty one - at recent suitability hearing with the Nevada Control Board. Since buying the property for $215 million and taking over control from MGM Mirage on Jan. 23, Golden Nugget operations have been "far busier than we … Hight-Doland Insurance Agency Mallard Cove Mens Golf Association Westlake Chemical Golden Nugget Vincent, Bryan & Susan Bank of America Pierce, Tom & Ashley American Press Foundation Mimosa Boutique CITGO Healthy Image Consulting Lotte Chemical Corporation Alfred Miller Contracting Amicus Global Marketing, Inc. Breitling and Poster’s next step was purchasing the Golden Nugget, a storied Vegas casino, where they brought back “Vintage Vegas” glamor. In February 2005 Tim and Tom sold the Nugget to Landry's. See 13,201 traveler reviews, 5,247 candid photos, and great deals for Golden Nugget Hotel & Casino, ranked #123 of 282 hotels in Las Vegas and rated 4 of 5 at Tripadvisor. Though he spent years honing his leadership skills in the Las Vegas casino market, the vice president and general manager at Golden Nugget Atlantic City was pleased when he got the opportunity to move back East. Doug and his wife Kelly Krinsky founded Beat Autism Now, Inc. a 501 C 3 not for profit organization, in 2008. Their unique style of operation later became the subject of the Fox TV reality show “The Casino.” In 2005, the pair sold the Golden Nugget to Landry’s Restaurants Inc. for approximately $340 million. Tim and Tom didn't, ultimately, enjoy controlling casinos, they had a rip-roaring year-long run, and they sold at a nice profit when the right offer came along. Then in 2003, the pair bought the legendary and past-its-prime Golden Nugget casino for $215 million. Tim Poster, Tom Breitling and three business partners received $163 million in cash in the deal. 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