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ABC News. Views Read Edit View history. Reno Gazette-Journal. When the company was founded, its principals were started with Travelscape. This means that Landry's would simply assume more debt. Please help to improve this article by introducing more precise citations. The Nevada Gaming Control Board recommended that they be licensed for only one year. On May 31, the agreement for Barrick Gaming to acquire the Golden Nugget Laughlin expired without a final deal being reached. Languages Add links. Timothy Poster and Thomas Breitling , two young mids entrepreneurs, formed based Poster Financial Group as a private investment firm. Although the Golden Nugget was profitable, it was not part of the master expansion plan of the corporation which was focused on consolidating a long stretch of the Strip, so MGM looked to sell the Golden Nugget. As a result, Landry's acquired the property as part of its agreement to purchase the Golden Nugget Las Vegas. Namespaces Article Talk.

The original location was the Golden Nugget Las Vegas which opened in The first hotel tower opened inwhich lead for the property to casinos golden nugget awarded a casinos golden nugget diamond rating from Mobil Travel Guide.

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Poster and Breitling had no casino ownership experience before acquiring the Golden Nugget. They faced some difficulty in obtaining the necessary casino licenses because of their friendship with Rick Rizzolo , a strip club owner being investigated by the FBI and because of Timothy Poster's uncle who was denied a gaming license because of his alleged association with known illegal bookmakers. Houston , Texas , United States. Tennis star Andre Agassi , a Las Vegas native, was also an investor. United States. Their story became the basis for The Casino , a television series on Fox , which premiered on June 14, As part of the purchase agreement, Poster Financial granted Barrick a two-year limited use of the Golden Nugget brand name, after which Barrick will be required to change the name of the property. The television series received ratings below expectations and was canceled after one season. By using this site, you agree to the Terms of Use and Privacy Policy. Apparently there will be no increase in the purchase price as a result of this change since the money from the sale would have been used to reduce the debt on the Las Vegas property. From Wikipedia, the free encyclopedia. December Learn how and when to remove this template message. Hospitality Gaming. This article includes a list of references , related reading or external links , but its sources remain unclear because it lacks inline citations. Main article: Mirage Resorts. The Las Vegas casino also expanded, with a second and third tower opened in and , respectively, which included a showroom. Timothy Poster and Thomas Breitling. In addition, the strategy of attracting higher level casino player created significant volatility in the first year of operations. The company's interest in Atlantic City did not last very long due to frustration with state gaming regulators, and in , the property was sold to Bally's Entertainment , and eventually became Bally's Grand Hotel and Casino. The company was majority owned by Wynn. This article is about Golden Nugget, Inc.. For the predecessor companies and owners, see Golden Nugget Companies. September 2, β€” via Newspapers. The resort's high cost and emphasis on luxury meant that it was considered high risk at the time, though the project ended up being enormously lucrative. Retrieved June 28, Hidden categories: Articles lacking in-text citations from December All articles lacking in-text citations. Retrieved 11 June Retrieved Las Vegas Review-Journal. The board did however, issue them four-year licenses, with an option to apply for permanent licenses in January The Poster Financial Group's ownership encountered some difficulties.