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Question of the Day - 22 May 2011

Q:
Several years ago the young men, Tom Breitling and Tim Poster, purchased the Golden Nugget. They even had their own TV show about the experience. After several hectic years they sold the property to Landry's Restaurants. What are the boys doing today?
A:

Although they cashed out of the Golden Nugget in 2005, the self-styled "Golden Boys" couldn’t expunge casino fever from their system. Although Poster and co-author Jack Sheehan dropped out along the way, Breitling’s memoir, Double or Nothing (eventually penned with Cal Fussman), rolled off the presses in early 2008. Las Vegas CityLife described it as "chowderhead bumping his noggin on a rich vein of mineral ore, then penning an ode to his metallurgical skills." Indeed, as self-depicted in the book, Poster and Breitling were staggeringly incompetent casino operators, saved from their mistakes by Landry’s lucrative buyout offer.

On July 7, 2008, Poster and Breitling were appointed senior vice presidents of strategy and development at Wynn Las Vegas – and promptly dropped out of sight. Their role with Steve Wynn’s company was never made clear and both quietly drifted away over the next two-plus years.

In late March of 2011, the "Golden Boys" popped up again and co-owners and executives of Fertitta Interactive. The latter was a company formed in 2010 to partner with Channel Islands-based FullTilt Poker, should Internet poker be made legal in the United States. (Messrs. Poster and Breitling had made their initial fortune in e-commerce, and Station Casinos executives Lorenzo and Frank Fertitta III were old friends of the duo.)

However, on April 15, the U.S. Department of Justice dropped a slew of indictments on FullTilt, as well as on PokerStars and Absolute Poker. The Fertittas quickly moved to void their deal with FullTilt, leaving the future of Fertitta Interactive – and that of Poster and Breitling -- in doubt. Queries to Station Casinos regarding Poster, Breitling and Fertitta Interactive received no response.

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