Poster and Breitling made their money selling their Website Travelscape to Expedia. The duo also is known for their acquisition of the Golden Nugget Hotel and Casino and the failed reality show documenting their attempt to revitalize the asset. The casino itself was not a failure for the duo, which sold the asset in 2005 for a $100-million profit.
The addition of Poster and Breitling comes as Wynn Resorts is expanding both here in Las Vegas and in Asia. "Until now, we've only been limited by our human capital and our limited capacity to design, develop and operate resorts that live up to our standards," he says. "With the addition of Tim and Tom to our leadership team we have both improved our opportunities for success with our existing ventures and enhanced our ability to pursue new ones."
Wynn Resorts owns two operating casino resorts, Wynn Las Vegas and Wynn Macau, and has two more under construction, Encore at Wynn Las Vegas and Encore at Wynn Macau. The $2.2-billion Las Vegas addition is expected to be up and running at the end of this year. The $600-million Macau addition is slated to open in the first half of 2010.
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