M&A Deal Summary

Landry s Acquires Golden Nugget Casino - Downtown

On February 4, 2005, Landry s acquired leisure company Golden Nugget Casino - Downtown from Golden Nugget Hotel & Casino for 140M USD

Acquisition Highlights
  • This is Landry s’ 1st transaction in the Leisure sector.
  • This is Landry s’ largest (disclosed) transaction.
  • This is Landry s’ 2nd transaction in the United States.
  • This is Landry s’ 1st transaction in Nevada.

M&A Deal Summary
Date 2005-02-04
Target Golden Nugget Casino - Downtown
Sector Leisure
Buyer(s) Landry s
Sellers(s) Golden Nugget Hotel & Casino
Deal Type Divestiture
Deal Value 140M USD

Target

Golden Nugget Casino - Downtown

Las Vegas, Nevada, United States
Golden Nugget Casino provides casino services in Las vegas.

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Buyer(S) 1

Buyer

Landry s

Houston, Texas, United States
Category Company
Founded 1980
Sector Restaurants
DESCRIPTION

Landry’s, Inc. is a multinational, diversified restaurant, hospitality, gaming and entertainment company based in Houston, Texas. The company operates more than 500 high-end and casual dining establishments around the world, including well-known concepts such as Landry’s Seafood, Bubba Gump Shrimp Co., Rainforest Cafe, Morton’s The Steakhouse, The Oceanaire, McCormick & Schmick’s Seafood, Chart House, Saltgrass Steak House, Claim Jumper and Mastro’s Restaurants. Landry’s also operates a group of signature restaurants, including Vic & Anthony's, Grotto, Willie G's and others.

DEAL STATS #
Overall 2 of 10
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 3
State (Nevada) 1 of 1
Country (United States) 2 of 10
Year (2005) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Joe s Crab Shack

Houston, Texas, United States

Ignite Restaurant Group, Inc. owns and operates three restaurant businesses, Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern+Tap.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 Joe s Crab Shack

Houston, Texas, United States

Ignite Restaurant Group, Inc. owns and operates three restaurant businesses, Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern+Tap.

Sell -

Seller(S) 1

SELLER

Golden Nugget Hotel & Casino

Las Vegas, Nevada, United States
Category Company
Founded 200
Sector Restaurants
DESCRIPTION

Golden Nugget Hotel & Casino provides hotels, restaurants and casino services in Nevada, US.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
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