Landry's Restaurants - History - 21st Century

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. 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. 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. The company re-branded it as the Golden Nugget Atlantic City. 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. The offer was not accepted. Landry's later acquired the company for 8.75 a share.

In December 2011, Fertitta made a bid for Morton's The Steakhouse. The bid was accepted in January 2012.

In November 2012, Landry's bought 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 2014.

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