Landry's Restaurants
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| Type | Private |
|---|---|
| Industry | Restaurants, Entertainment & Hospitality industry |
| Founded | Houston, Texas |
| Headquarters | Houston, Texas |
| Key people | Tilman J. Fertitta, President & CEO |
| Products | Casual dining Casino Games Resorts |
| Revenue |  $298.02 million USD (March 24, 2008)[dated info] |
| Employees | 28,000 (2005)[dated info] |
| Website | www.landrysrestaurants.com |
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This article relies on references to primary sources or sources affiliated with the subject, rather than references from independent authors and third-party publications. Please add citations from reliable sources. (June 2010) |
Landry's Restaurants, Inc., is an American corporation based in Houston, Texas, which is in the business of developing restaurants and hospitality projects.[1]
The company owns 33 casual dining and specialty restaurants, as well as casino and entertainment venues, convention facilities and hotels in the United States. At the end of 2005 the company had operations in 35 states and the District of Columbia.[dated info]
Contents |
[edit] History
The company started in 1980 with the original Landry's Seafood House Restaurant located in Katy, Texas. A year later, they opened Willie G's Seafood and Steak House in Uptown Houston. In 1986, Tilman J. Fertitta obtained controlling interest in the two restaurants and would later become the CEO of the company, which went public in August 1993.[2]
Under Fertitta, the company grew rapidly through acquisition and expansion of Landry's and other restaurant concepts.
In 1998, the company completed development of the 35-acre (14 ha) Kemah Boardwalk, which includes restaurants, a hotel, amusement rides, and a marina.
[edit] 21st century
Recently the company has expanded into larger entertainment ventures, such as the Kemah Boardwalk and the Downtown Aquarium in Houston, the Tower of the Americas in San Antonio, the Downtown Aquarium in Denver.
In 2003, Landry's bought Muer Seafood Restaurants, a small chain of seafood restaurants.[citation needed] In 2004 the company opened the Galveston Island Convention Center at the San Luis Resort, which was developed in a partnership with the City of Galveston, Texas.[citation needed] In 2005 the company acquired the Golden Nugget casino and hotels in Las Vegas and Laughlin, Nevada.
On November 17, 2006, Joe's Crab Shack was sold to J.H. Whitney & Company, a privately held company, operating as JCS Holdings, LLC. The sales price was $192 million including the assumption of liabilities.
On February 14, 2011, the company announced they were purchasing the Trump Marina in Atlantic City, New Jersey for $38 million. [3] The company re-branded it as the Golden Nugget Atlantic City. [4] The sale was approved May 23, 2011, and Landry's took full control of the resort.
On April 4, 2011, Fertitta made a bid to take McCormick & Schmick's private, offering $137.3 million ($9.25 per share) for the company's outstanding shares, a 30 percent premium over its April 1st closing price.[5] The offer was not accepted. Landry's later acquired the company for 8.75 a share.
In March 2012, Landry's agreed to buy the Isle Casino Hotel in Biloxi, Mississippi from Isle of Capri Casinos for $45 million. The property will be renovated and rebranded as a Golden Nugget, with completion planned for 2013.[6]
[edit] Divisions and subsidiaries
- Hospitality:
- Boardwalk Inn, Kemah, Texas
- Hilton Galveston Island Resort
- Holiday Inn Resort on the Beach, Galveston Island
- Inn at the Ballpark, Houston
- San Luis Resort, Galveston
- The Events Company:
- Special Events and Catering in the Houston Area
- Galveston Island Convention Center
- Landry's Gaming, Inc. - The Golden Nugget Hotels and Casinos
[edit] Entertainment destinations
- Boardwalk FantaSea Yacht Charters
- Galveston Island Historic Pleasure Pier
- Kemah Boardwalk
[edit] Restaurants
- Angelo and Maxie's Seafood & Steakhouse
- Babin's Seafood House
- Beso Steakhouse
- Big Fish Seafood Bistro
- Brenner's Steakhouse
- Bubba Gump Shrimp Company
- Cadillac Bar
- Charley's Crab
- Chart House
- Claim Jumper
- The Crab House
- Downtown Aquarium
- Denver
- Houston
- Aquarium Restaurant (Kemah, Texas and Nashville, Tennessee)
- Fish Tales
- Fisherman's Wharf Seafood Grill
- The Flying Dutchman Restaurant & Oyster Bar
- Grand Concourse
- Grotto
- Harlow's Food & Fun
- Kemah Boardwalk
- La Griglia
- Landry's Seafood House
- Mai Tai Bar
- McCormick & Schmick's
- Morton's Steakhouse
- Muer Seafood Restaurants
- The Oceanaire Seafood Room
- Peohe's
- Pesce
- Rainforest Cafe
- Red Sushi
- Rusty Pelican
- Saltgrass Steak House
- Simms Steakhouse
- T-Rex Cafe
- Tower of the Americas
- Vic & Anthony's Steakhouse
- Willie G's Seafood & Steaks
- Yak & Yeti
[edit] Other
[edit] See also
[edit] References
- ^ Corporate Office "Landry's Restaurants". http://www.landrysrestaurants.com/pages/contact/pg_contact.htm Corporate Office. Retrieved 2009-05-19. "Landry's Restaurants, Inc. 1510 W. Loop South Houston, Texas 77027"
- ^ "History". landrysrestaurants.com. Landry's Restaurant, Inc.. http://www.landrysrestaurants.com/pages/about/pg_history.htm. Retrieved 12 August 2010.
- ^ Fitzgerald, Drew (14 February 2011). "Landry's Buys Trump Marina Hotel in Atlantic City for $38 Million". The Wall Street Journal. http://online.wsj.com/article/SB10001424052748703584804576143941022099266.html.
- ^ http://www.goldennugget.com/specials/eblasts/trump_gn.html
- ^ Culverwell, Wendy (April 4, 2011). "Tilman Fertitta talks McCormick & Schmick's takeover". Portland Business Journal. http://www.bizjournals.com/portland/news/2011/04/04/tilman-fertitta-talks-takeover.html. Retrieved 2011-04-05.
- ^ McGarry, Caitlin (5 March 2012). "Landry's Inc. buys Biloxi casino, will rebrand as Golden Nugget". Las Vegas Review-Journal. http://www.lvrj.com/business/landry-s-inc-buys-biloxi-casino-will-rebrand-as-golden-nugget-141500893.html. Retrieved 5 March 2012.
