When Tilman Fertitta took Landry’s Restaurants public in 1993, the company had nine restaurants. Today it’s an empire, with more than 200 restaurants, amusement venues, hotels and casinos.
And now it’s all his.
After trying more than two years to go private again, Fertitta finally succeeded. The deal, which is worth about $1.4 billion including debt, is expected to close today. On Monday, Landry’s shareholders approved his offer.
Although he no longer has to answer to anyone, he says the company strategy will be the same.
“Tomorrow, nothing’s going to change,” he said Tuesday in his Galleria-area headquarters. “We are absolutely not selling anything, and we’re always looking at opportunities.”