Food Industry
Industry: Email Alert RSS FeedLandry's closes on $295m Golden Nugget acquisition
Nation's Restaurant News, Oct 10, 2005
HOUSTON -- Landry's Restaurants Inc., owner of 300 casual-dining outlets and entertainment properties, has completed its purchase of the Golden Nugget casino-hotels in Las Vegas and Laughlin, Nev., by acquiring Poster Financial Group Inc. for $140 million in cash and $155 million in senior notes.
The deal was approved by the Nevada Gaming Commission Sept. 27.
Most RecentFood Articles
Landry's, which also assumed capital liabilities that include the casinos' $23 million house bank and Poster's existing credit facility, intends to install branches of several of its chains in the properties.
COPYRIGHT 2005 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning
Brought to you by CBS MoneyWatch.com
- 10 Best Places to Retire
- Companies with the Best 401(k) Plans
- Most Important Document for Your Heirs? It's Not Your Will
- Video: Should You Expect to Retire Rich?
- Over 50? Here's How to Get (and Keep) a Great Job
Most Recent Business Articles
- Your feedback
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo gallery—plus sign up today for spring 2009 to save $100.00
- Announcing the 2009 NACLNC® conference keynote speaker, Stedman Graham: move like a maverick for breakaway CLNC® success at the 2009 NACLNC® conference
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
Most Popular Business Publications
Content provided in partnership with
