Fertitta Entertainment

Fertitta Entertainment Inc. is a conglomerate and holding company that holds companies and investments owned by Tilman Fertitta. These include Landry's, Inc., the Houston Rockets, and the Golden Nugget[2] casinos. Within the portfolio are many luxury hotels and well known restaurant brands such as Rainforest Café, Del Frisco's, Bubba Gump Shrimp Company, Morton's The Steakhouse, among others. Additionally, the company is the largest shareholder of food delivery app ASAP.[3]

Fertitta Entertainment Inc.
TypePrivate
IndustryConglomerate
FoundersTilman Fertitta
HeadquartersPost Oak Tower & Hotel, Houston, Texas, U.S.
Area served
Worldwide
Key people
Tilman Fertitta (sole owner and CEO)
ServicesHotels
restaurants
professional sports
casinos
food delivery
Real estate
amusement parks
luxury cars
Revenue Increase US$4.7 billion (2018)[1]
OwnerTilman Fertitta
SubsidiariesLandry's, Inc.
Houston Rockets
Golden Nugget Casinos
Waitr
Websitewww.fertittaentertainmentinc.com

It is headquartered at The Post Oak tower in Uptown Houston. The company has achieved sponsorships and has been granted the naming rights to the Fertitta Center at the University of Houston.[4] It purchased the Hard Rock Hotel & Casino Lake Tahoe in 2023, with plans to rebrand it as a Golden Nugget hotel.[5]

Company portfolio and subsidiaries

Golden Nugget
Main article: Golden Nugget Hotel & Casinos

Post Oak Hotels

Other

Post Oak Motor Cars

Fertitta Entertainment owns the luxury car dealership, Post Oak Motor Cars, which is located at the company's headquarters building at The Post Oak Hotel & Tower. It includes a Bentley, Rolls-Royce, Karma, and Bugatti dealership. Upon opening the Bugatti dealership in 2017, it became the first Bugatti dealership in Houston.[9] Post Oak Motor Cars plans a second dealership location in The Woodlands, Texas. The dealership also provides used cars of brands besides the brands it's licensed to sell. For select guests, the Post Oak Motor Cars provides services to Fertitta's hotels in the Houston area and other businesses its partnered with.[10] The company is home to Post Oak Power, an exclusive luxury car club that united owners in the Houston area.

Houston Rockets

On September 4, 2017, Tilman Fertitta agreed to purchase the Rockets from Leslie Alexander, pending league approval, for an NBA record $2.2 billion.[11] On October 6, 2017, Fertitta was approved by the NBA to own the Houston Rockets.[12]

References
  1. "Fertitta Entertainment 2018 Annual Report (Form 10-K)". Forbes. February 2018.
  2. Schwartz, David G. "Why Billion-Dollar Buyer Tilman Fertitta Is Betting Big on Las Vegas". Forbes.
  3. "Waitr changes name ahead of 'deliver anything' shift". [225]. August 15, 2022. Retrieved August 21, 2023.
  4. Laymance, Reid (June 14, 2016). "UH, Hofheinz family agree on plan for naming new basketball arena". Houston Chronicle. Retrieved June 16, 2016.
  5. "Tilman Fertitta buying hotel-casino in Northern Nevada". Las Vegas Review-Journal. March 27, 2023. Retrieved August 21, 2023.
  6. Bailey, Jennifer (2022). "Casino groundbreaking kicks off 11-month construction process". Commercial News.
  7. Morgan, Adam (2022). "Fertitta Entertainment Incorporated buying the Wildwood Hotel and Casino in Colorado". World Casino News.
  8. "Tilman Fertitta planning 43-floor hotel & casino on Las Vegas Strip". Yogo Net. 2022.
  9. "Woke up in a new Bugatti: Tilman Fertitta now owner of only Bugatti dealership in Houston". ABC 13. October 19, 2017. Retrieved May 6, 2020.
  10. Parise, Lorie (July 26, 2019). "Post Oak Motor Cars Announced as Hughes Landing Exclusive Valet". Hello Woodlands. Retrieved May 6, 2020.
  11. "Source: Fertitta buys Rockets for record $2.2B". ESPN.com. September 5, 2017. Retrieved September 5, 2017.
  12. Daniels, Tim. "Tilman Fertitta Officially Becomes Owner of Houston Rockets After Sale Closes". Bleacher Report. Retrieved June 29, 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.