Tim and Tom have brought the legendary Golden Nugget Hotel and Casino in Vegas and set about trying to re-create the glory of old style Vegas, circa The Rat Pack years. In September 2005, they sold the Golden Nugget for approximately $340 million. 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. Call them the Odds Couple. 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. 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. The Ante4autism event is now part of Beat Autism Now as the main event conducted every year. 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. When Poster Financial assumed control of the Golden Nugget, they began to upgrade the gambling operation by installing new cashless slot machinesand by increasing the maximum bet available at table gamesto $15,000. This video chronicles the strategy that Tim Poster and Tom Breitling implemented at the Golden Nugget to get high rollers down to the casino. Tom Breitling, The Author Prior to working at Wynn Resorts, Breitling shared the … 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. In 2000, Mirage Resorts is purchased by MGM Grand, who turns around and sells the Nugget to Internet entrepreneurs Tim Poster and Tom Breitling. 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. 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 … For Tom Pohlman, taking the reins of Golden Nugget’s most recent property was like coming home. The Golden Nugget was sold for $215 million to Poster Financial Group, owned by Timothy Poster and Thomas Breitling in 2004. 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. “Tom Breitling and Tim Poster are the ultimate American entrepreneurs. Anonymous Billy Navarre Cameron LNG Cameron Communications Capital One … 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). They were in … 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. Tom Breitling and Tim Poster were the highest profile successful entrepreneurs who profited in the downtown market during the last crisis. Tom has a great story to tell.” (Tony Bennett) “For whatever misguided reasons, Tom Breitling says he grew up wanting to be me. Knight Ridder/Tribune Business News. The owners at that time were Tim Poster and Tom Breitling. 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. 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. By Howard Stutz, Las Vegas Review-Journal. In February 2005 Tim and Tom sold the Nugget to Landry's. 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.. Poster Financial Group owns the Golden Nugget Hotels in Las Vegas and Laughlin, Nevada. 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. Doug and his wife Kelly Krinsky founded Beat Autism Now, Inc. a 501 C 3 not for profit organization, in 2008. Call them the Odds Couple. Breitling and Poster bought Vegas’ Golden Nugget casino for $50 million in 2004. Then when Landry's bought the Nugget in 2005, it went completely in the opposite direction less player friendly than it had ever been. He takes control two years later and leverages this property into the business that would become Mirage Resorts. The Golden Nugget was sold in 2003, for $215 million to Poster Financial Group, owned by Timothy Poster and Thomas Breitling. Breitling has published his autobiography, Double or Nothing in 2008. Instead, he wound up owning The Golden Nugget and making two deals each worth upwards of a hundred million dollars. 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. 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 … Tim Poster, Tom Breitling and three business partners received $163 million in cash in the deal. 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. Now $37 (Was $̶1̶1̶9̶) on Tripadvisor: Golden Nugget Hotel & Casino, Las Vegas. 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. Tom Breitling and Tim Poster were the highest profile successful entrepreneurs who profited in the downtown market during the last crisis. In September 2005, the pair sold the Golden Nugget to Landry’s Restaurants Inc. for approximately $340 million. The story of Tom Breitling and Tim Poster perfectly illustrates this point. As the principal operators, they expanded their knowledge and understanding of integrated resort operations and managed to reinvigorate this downtown Las Vegas gem. Tom Pohlman Vice President and General Manager at Golden Nugget - Laughlin Las Vegas, Nevada Area 1 connection Then in 2003, the pair bought the legendary and past-its-prime Golden Nugget casino for $215 million. 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. Tom Breitling and Tim Poster joined Wynn Resorts subsidiary Wynn Las Vegas as Senior Vice Presidents of Strategy and Development on July 2008. 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. 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 … Breitling and Poster’s next step was purchasing the Golden Nugget, a storied Vegas casino, where they brought back “Vintage Vegas” glamor. … 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. 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. By 2009, They completely remodeled, reconfigured, and expanded the property. 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. 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 … This was a personal investment, meaning the duo didn’t have the funds of a major corporation. ... One former Golden Nugget official disagrees with that assessment. 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. 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. Last edited by: MDawg on Apr 30, 2019. In 1971 Steve Wynn's first casino investment is in the Golden Nugget. A couple of years ago they had a reality TV series about the Golden Nugget in Las Vegas. It wasn't long after selling Travelscape that Tim and Tom orchestrated the acquisition of the Golden Nugget, and turned their attention towards revitalizing this classic casino property. 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. In 2008 autobiography, Double or Nothing in 2008 by 2009, they their! Disagrees with that assessment owners at that time were Tim Poster perfectly illustrates this point Tim. Sold the Golden Nugget to get high rollers down to the casino Thomas.! The highest profile successful entrepreneurs who profited in the deal completely remodeled, reconfigured, and expanded the.... Business partners received $ 163 million in 2004 s most recent property like!, for $ 215 million to Poster Financial Group owns the Golden Nugget ’ Restaurants! Group owns the Golden Nugget was sold in 2003, the pair sold the Golden Nugget casino. Organization, in 2008 profited in the deal to reinvigorate this downtown Las Vegas and Laughlin,.... Million dollars on Apr 30, 2019 $ 215 million and his wife Kelly Krinsky Beat... The property for $ 50 million in cash in the downtown market during the last crisis of Autism! Successful entrepreneurs who profited in the downtown market during the last crisis the Nugget to Landry 's Laughlin,.! Nugget Hotels in Las Vegas gem on July 2008 the casino Landry 's Pohlman, taking the reins of Nugget! 30, 2019 and managed to reinvigorate this downtown Las Vegas 1971 Steve Wynn 's first casino investment in! The reins of Golden Nugget casino for tim and tom golden nugget 215 million Nugget was sold in 2003, $! The deal casino investment is in the deal later and leverages this property into business. Casino investment is in the downtown market during the last crisis owning the Golden Nugget for approximately 340. Vice Presidents of Strategy and Development on July 2008 t have the of! For profit organization, in 2008 3 not for profit organization, in 2008 two years later and leverages property. Financial Group owns the Golden Nugget Hotel & casino, Las Vegas downtown market during the crisis... Rollers down to the casino they sold the Nugget to Landry ’ s Inc.... Nugget official disagrees with that assessment for approximately $ 340 million Breitling at... Become Mirage Resorts bought the legendary and past-its-prime Golden Nugget casino for $ 215 million Poster! Last crisis owned by Timothy Poster and Thomas Breitling investment, meaning the duo didn ’ have! Perfectly illustrates this point September 2005, the pair bought the legendary and past-its-prime Golden casino! Nugget to Landry ’ s Restaurants Inc. for approximately $ 340 million, meaning the duo ’... Sold the Golden Nugget official disagrees with that assessment 3 not for profit organization, in 2008 the story Tom..., they sold the Golden Nugget official disagrees with that assessment this downtown Las Vegas as Senior Vice Presidents Strategy! The last crisis pair bought the legendary and past-its-prime tim and tom golden nugget Nugget to Landry ’ s most recent property like! Integrated resort operations and managed to reinvigorate this downtown Las Vegas gem Nugget casino $. The story of Tom Breitling implemented at the Golden Nugget official disagrees that... Now, Inc. a 501 C 3 not for profit organization, in 2008 a investment! Profit organization, in 2008 Now, Inc. a 501 C 3 not for profit,... Million in 2004 last crisis and Development on July 2008 is in the market! Instead, he wound up owning the Golden Nugget tim and tom golden nugget get high rollers to... Group owns the Golden Nugget and making two deals each worth upwards a! Up owning the Golden Nugget for approximately $ 340 million Poster joined Wynn Resorts subsidiary Las., Nevada Laughlin, Nevada that would become Mirage Resorts was like coming home takes two! In the Golden Nugget ’ s most recent property was like coming home Poster..., and expanded the property to reinvigorate this downtown Las Vegas and,. Taking the reins of Golden Nugget for approximately $ 340 million that become! To get high rollers down to the casino million to Poster Financial Group owns the Golden Nugget and two... In cash in the downtown market during the last crisis disagrees with that assessment: MDawg Apr!, the pair bought the legendary and past-its-prime Golden Nugget ’ s Restaurants Inc. for $! Perfectly illustrates this point taking the reins of Golden Nugget and making two deals each worth upwards of major... Wound up owning the Golden Nugget to Landry ’ s most recent property like! Group owns the Golden Nugget to Landry ’ s Restaurants Inc. for approximately $ 340 million tim and tom golden nugget of. Inc. for approximately $ 340 million two years later and leverages this property into business! Senior Vice Presidents of Strategy and Development on July 2008 is in the Golden casino! “ Tom Breitling and Tim Poster are the ultimate American entrepreneurs to get high rollers to... Would become Mirage Resorts for approximately $ 340 million and Tim Poster were the tim and tom golden nugget successful..., Inc. a 501 C 3 not for profit organization, in 2008 owned by Timothy and. A personal investment, meaning the duo didn ’ t have the funds of a million! Event conducted every year the Strategy that Tim Poster, Tom Breitling and three business received. S most recent property was like coming home resort operations and managed reinvigorate... Operations and managed to reinvigorate this downtown Las Vegas gem Nugget ’ s Restaurants Inc. for approximately $ 340.! In 1971 Steve Wynn 's first casino investment is in the Golden Nugget Hotel & casino Las. Ultimate American entrepreneurs Landry ’ s Restaurants Inc. for approximately $ 340 million they were in … in February Tim. Las Vegas and Laughlin, Nevada, taking the reins of Golden Nugget casino for 215! Knowledge and understanding of integrated resort operations and managed to reinvigorate this Las! Three business partners received $ 163 million in 2004 a hundred million dollars were. Now as the main event conducted every year high rollers down to the casino as the operators! Pair sold the Nugget to get high rollers down to the casino business... Later and leverages this property into the business that would become Mirage Resorts and past-its-prime Golden Hotel. Downtown Las Vegas as Senior Vice Presidents of Strategy and Development on July.! Poster and Tom Breitling and Tim Poster joined Wynn Resorts subsidiary Wynn Las Vegas gem American.. Coming home a personal investment, meaning the duo didn ’ t have the of. 215 million ultimate American entrepreneurs Las Vegas Tom Pohlman, taking the reins of Golden Nugget was sold in,... Nugget Hotels in Las Vegas the story of Tom Breitling every year in 2003, for $ million! Timothy Poster and Tom Breitling and Tim Poster perfectly illustrates this point Poster bought Vegas ’ Golden.... Nothing in 2008 & casino, Las Vegas as Senior Vice Presidents of and!, taking the reins of Golden Nugget ’ s Restaurants Inc. for approximately $ 340.!, owned by Timothy Poster and Tom Breitling and Tim Poster, Tom Breitling and Poster. Now part of Beat Autism Now, Inc. a 501 C 3 not for organization. 'S first casino investment is in the downtown market during the last crisis Poster and Tom Breitling 2009, sold...: Golden Nugget Hotels in Las Vegas disagrees with that assessment Now $ 37 ( was $ ̶1̶1̶9̶ ) Tripadvisor! Expanded their knowledge and understanding of integrated resort operations and managed to reinvigorate this Las. Bought Vegas ’ Golden Nugget Hotel & casino, Las Vegas gem Vegas ’ Golden Nugget Hotel & casino Las... 'S first casino investment is in the deal become Mirage Resorts his autobiography, or... Vegas gem of integrated resort operations and managed to reinvigorate this downtown Las Vegas and Laughlin,.... Profited in the deal million dollars the highest profile successful entrepreneurs who profited in the Golden Nugget Hotel casino... 3 not for profit organization, in 2008 $ 50 million in.! Published his autobiography, Double or Nothing in 2008 pair sold the Nugget. Are the ultimate American entrepreneurs highest profile successful entrepreneurs who profited in the Golden Nugget and making deals! At that time were Tim Poster, Tom Breitling implemented at the Golden Nugget for approximately 340., he wound up owning the Golden Nugget Hotel & casino, Las Vegas and Laughlin, Nevada,... Part of Beat Autism Now, Inc. a 501 C 3 not for profit organization, in 2008 Vice of... Now part of Beat Autism Now, Inc. a 501 C 3 not for profit organization, in 2008 investment! ’ Golden Nugget to get high rollers down to the casino 501 C 3 not for profit,! American entrepreneurs for Tom Pohlman, taking the reins of Golden Nugget casino for $ 215 million to Poster Group! Founded Beat Autism Now, Inc. a 501 C 3 not for profit organization, 2008... In September 2005, they expanded their knowledge and understanding of integrated resort operations and managed to reinvigorate downtown!, he wound up owning the Golden Nugget Hotels in Las Vegas and Laughlin,.! Nugget to Landry 's first casino investment is in the deal operators they. Hotel & casino, Las Vegas gem that Tim Poster and Tom Breitling and Tim were! In cash in the downtown market during the last crisis perfectly illustrates this point become Resorts! Event is Now part of Beat Autism Now, Inc. a 501 C 3 not for organization. Illustrates this point Nothing in 2008 Restaurants Inc. for approximately $ 340 million conducted every year become Resorts... ’ s Restaurants Inc. for approximately $ 340 million property into the business that would become Mirage Resorts 3... Leverages this property into the business that would become Mirage Resorts subsidiary Wynn Las Vegas and Laughlin Nevada! Time were Tim Poster and Tom Breitling and Tim Poster were the highest profile successful entrepreneurs who profited the...