Poster and Breitling made their money selling their WebsiteTravelscape to Expedia. The duo also is known for their acquisitionof the Golden Nugget Hotel and Casino and the failed reality showdocumenting their attempt to revitalize the asset. The casinoitself was not a failure for the duo, which sold the asset in 2005for a $100-million profit.


The addition of Poster and Breitling comes as Wynn Resorts isexpanding both here in Las Vegas and in Asia. "Until now, we'veonly been limited by our human capital and our limited capacity todesign, develop and operate resorts that live up to our standards,"he says. "With the addition of Tim and Tom to our leadership teamwe have both improved our opportunities for success with ourexisting ventures and enhanced our ability to pursue new ones."


Wynn Resorts owns two operating casino resorts, Wynn Las Vegasand Wynn Macau, and has two more under construction, Encore at WynnLas Vegas and Encore at Wynn Macau. The $2.2-billion Las Vegasaddition 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 halfof 2010.


Not long after Encore Suites is up and running, look for WynnResorts to begin redeveloping its golf course, which covers 142acres immediately behind the 50-acre resort. "We are developing along-range master plan for the golf course," Wynn stated in itsannual report filed with the SEC in February. "It is not expectedthat any construction on the golf course land would begin before2009."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.