Prospector
Profile
07.1121
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| Landry's Restaurants, Inc. |
NAICS |
722110 |
| 1510 West Loop South
Houston, TX 77027 |
Description |
Restaurants |
| (713) 850-1010 |
Employees |
28000 |
| http://www.landrysrestaurants.com/ |
Revenue |
(mil) |
1254.8100 |
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Income |
(mil) |
44.8200 |
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Assets |
(mil) |
1612.5800 |
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Liability |
(mil) |
1095.8100 |
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(for the year ended 2005-12-31) |
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Category:
Low Rating
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Event:
Standard & Poor's Ratings services lowered its corporate credit rating on Landry's restaurants, Inc. to 'CCC' from 'B'. The Company's rating remains on CreditWatch with negative implications. "The downgrade reflects the company's need to seek new financing to fund the accelerated redemption of the unpaid principal and accrued interest on its $400 million 7.50% senior unsecured notes due 2014," S&P credit analyst Charles Pinson-Rose said.
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Intellectual Property:
The Company has registered Landry’s Seafood House, Joe’s Crab Shack, Rainforest Cafe, Chart House, Charley’s Crab, Saltgrass Steak House and Golden Nugget as federal service marks on the Principal Register of the United States Patent and Trademark Office. The Crab House is a registered design mark. [SEC Filing 10-K 03-16-06]
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Description:
The Company owns and operates full-service and casual dining restaurants in the U.S. The Company also owns and operates hospitality businesses, including hotel and casino resorts that provide customers with dining, leisure, and entertainment experiences.
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Officers:
Tilman J. Fertitta (Chair, Pres. & CEO); Steven L. Scheinthal (EVP, Sec., Gen. Counsel & Dir.); Rick H. Liem (SVP & CFO); Michael S. Chadwick (Dir.); Michael Richmond (Dir.); Joe Max Taylor (Dir.); Kenneth Brimmer (Dir.)
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Auditor:
Grant Thornton LLP
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Securities:
Common Stock Symbol LNY; NYSE; 22,023,381 common shares outstanding as of Nov. 6, 2006.
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