Landry's, Inc.

Landry's, Inc. is a multinational, diversified restaurant, hospitality, gaming, and entertainment conglomerate based in Houston, Texas. The company operates more than 600 restaurants, hotels, casinos, and entertainment destinations across 35 states and the District of Columbia. Landry's, Inc. was founded in 1980 by Tilman Fertitta, who continues to serve as its Chairman, CEO, and sole owner.

History

Landry's, Inc. began as a single seafood restaurant in Katy, Texas. It was acquired by Tilman Fertitta in 1986, who expanded the company through acquisitions and the development of new restaurant concepts. Over the years, Landry's has grown into a large conglomerate, acquiring well-known brands such as Golden Nugget Hotel & Casinos, Rainforest Cafe, Morton's The Steakhouse, McCormick & Schmick's Seafood & Steaks, and Bubba Gump Shrimp Company, among others.

Business Segments

Landry's operations are divided into four main segments: dining, hospitality, entertainment, and gaming.

Dining

The dining segment includes a wide variety of restaurant concepts ranging from upscale steakhouses to casual dining and quick-service outlets. Notable brands under this segment include Saltgrass Steak House, Chart House, Landry's Seafood, and Joe's Crab Shack.

Hospitality

The hospitality segment encompasses hotels and resorts, including the Golden Nugget Hotel & Casinos located in key markets such as Las Vegas, Atlantic City, and Lake Charles, Louisiana. These properties offer a combination of lodging, dining, entertainment, and gaming facilities.

Entertainment

Landry's entertainment division operates attractions such as the Kemah Boardwalk in Texas and the Galveston Island Historic Pleasure Pier. These destinations feature amusement rides, retail shops, restaurants, and live entertainment.

Gaming

The gaming segment is primarily focused on the operation of the Golden Nugget Hotel & Casinos. These facilities offer a range of gaming options, including slot machines, table games, and poker rooms, along with hotel accommodations, restaurants, and other amenities.

Corporate Governance

As a privately held company, Landry's, Inc. does not disclose as much financial information as publicly traded companies. However, it is known for its aggressive expansion strategy, primarily through acquisitions. Tilman Fertitta, as the sole owner, plays a significant role in the company's strategic direction and decision-making processes.

Controversies

Landry's, Inc. has faced various controversies, including labor disputes and allegations related to the treatment of employees. The company has also been involved in legal battles related to its business practices and acquisitions.

Conclusion

Landry's, Inc. is a prominent player in the restaurant, hospitality, and entertainment industries, known for its diverse portfolio of brands and properties. Under the leadership of Tilman Fertitta, the company has experienced significant growth and expansion, making it a key figure in the American business landscape.