Golden Nugget owner Landry’s taken private by CEO

HOUSTON The stockholders of Landry’s Restaurants Inc., owner of Downtown Las Vegas icon Golden Nugget Hotel and Casino and six other hotels, have approved a takeover bid by President and CEO Tilman Fertitta.

The transaction, which is expected to close on Wednesday, is worth an estimated US$1.4 billion.

Along with Golden Nugget, Landry’s owns and operates Golden Nugget Laughlin, Nevada; Boardwalk Inn in Kemah, Texas; Inn at the Ballpark, Houston; and three properties in Galveston, Texas—San Louis Hotel & Resort, Holiday Inn Galveston and Hilton Galveston.

Fertitta is a cousin of the family that founded Station Casinos.