Two Way Hard Three | Las Vegas Casino & Design Blog

October 6, 2005

Poster and Breitling: What's the Real Deal?

Posted by Hunter

So, the 'Golden Boys' are out of gaming... Does anyone have the real read on these guys? They claim they got an offer they couldn't refuse and on paper, that might be believable.

Until the Laughlin deal with Barrick fell apart, it looked like Poster Financial (the holding company for their investments) might make off with some cash. As it turned out, that deal fell apart (and into the court system) and Landry's ended up getting the Laughlin Nugget for no additional cash. Hmmmm... That's about $30 million that didn't go back into the pot.

Based on what we know, this seems like a botched deal to me. What do you guys think?

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Read archived comments (2 so far)
October 7, 2005 8:03 AM Posted by chrisb

This is not a comment for posting but rather a message to the editor of the blog: I head over to Macau once every 2-3 weeks and always take my digital camera, so if you would like up to date pictures of the venetian, wynn macau, sands macau, lisboa and anything else in macau let me know. Things are moving very quickly and its going to be quite fun to watch it all unfold, which is one of the reasons why I love going to Macau every few weeks. Unfortunately I've gotta stay at the Westin tomorrow night - it will be a significant improvement once Wynn opens up and there is finally a genuine 5 star venue to stay at.

October 7, 2005 8:36 AM Posted by Hunter

I contacted you via email - yes, we're very interested. Thanks!