Tilman Fertitta, founder and CEO of Landry’s Restaurants, has arranged financing to take the Houston-based restaurant, hospitality and casino operator private. Jefferies & Co. and Wells Fargo Foothill are backing his .3 billion offer, which includes assuming debt of 5 million. It amounts to for each of Landry’s shares, 39 percent of which Fertitta owns. A “go-shop” clause in the financing agreement allows Landry’s to seek other acquisition offers for 45 days.
Jay Snowden reflects on challenges and opportunities for Penn Entertainment and the industry at large – and why he is convinced the operator is well positioned to enjoy a bright future.
5 Questions with Bill Werksman and David Lacey, Managing Partner and Executive Recruiter, Resource Partners.
June 2-4: IAGA International Gaming Summit, Ritz-Carlton, Sarasota, Florida. Produced by the International Association of Gaming Attorneys. For more information, visit theiaga.org. June 9-11: SBC Summit Americas, Broward County Convention…
Our industry has always attracted criminals who would exploit it for illicit gain. In the digital age, it is more important than ever to stay a step ahead.
