Business Services Industry
Businessmen Buy Las Vegas' Golden Nugget for $215 Million.
Knight Ridder/Tribune Business News, June, 2003
By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Jun. 27--The two 34-year-olds who announced their deal to buy downtown's venerable Golden Nugget said Thursday they can't wait to try their hand at running the hotel-casino.
After parlaying their Travelscape Web reservation service into tens of millions after selling to Expedia in 2000, Tim Poster and Thomas Breitling had a lot of cash and, they say, a longstanding interest in owning a Las Vegas hotel casino.
The duo appears likely to get that chance, with the opportunity to run the Golden Nugget Laughlin as well, after their Poster Financial Group officially announced a deal Thursday to buy the two properties and the Golden Nugget brand for $215 million....
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