Fertitta Entertainment Explained

Fertitta Entertainment Inc.
Type:Private
Founders:Tilman Fertitta
Area Served:Worldwide
Industry:Conglomerate
Services:Hotels
restaurants
professional sports
casinos
food delivery
Real estate
amusement parks
luxury cars
Owner:Tilman Fertitta
Subsid:Landry's, Inc.
Houston Rockets
Golden Nugget Casinos
Waitr
Location:Post Oak Tower & Hotel, Houston, Texas, U.S.

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[1] 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.[2]

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.[3] It purchased the Hard Rock Hotel & Casino Lake Tahoe in 2023, with plans to rebrand it as a Golden Nugget hotel.[4]

Company portfolio and subsidiaries

Hotels and Casinos

Golden Nugget

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.[8] 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.[9] 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.[10] On October 6, 2017, Fertitta was approved by the NBA to own the Houston Rockets.[11]

Notes and References

  1. Web site: Why Billion-Dollar Buyer Tilman Fertitta Is Betting Big on Las Vegas. David G.. Schwartz. Forbes.
  2. Web site: 2022-08-15 . Waitr changes name ahead of 'deliver anything' shift . 2023-08-21 . [225] . en.
  3. News: UH, Hofheinz family agree on plan for naming new basketball arena. Reid. Laymance. Houston Chronicle. June 14, 2016. June 16, 2016.
  4. Web site: 2023-03-27 . Tilman Fertitta buying hotel-casino in Northern Nevada . 2023-08-21 . Las Vegas Review-Journal . en-US.
  5. News: Bailey. Jennifer. Casino groundbreaking kicks off 11-month construction process. 2022. Commercial News.
  6. News: Morgan. Adam. Fertitta Entertainment Incorporated buying the Wildwood Hotel and Casino in Colorado. 2022. World Casino News.
  7. News: Tilman Fertitta planning 43-floor hotel & casino on Las Vegas Strip. 2022. Yogo Net.
  8. News: Woke up in a new Bugatti: Tilman Fertitta now owner of only Bugatti dealership in Houston. ABC 13. October 19, 2017. May 6, 2020.
  9. News: Post Oak Motor Cars Announced as Hughes Landing Exclusive Valet. Lorie. Parise. Hello Woodlands. July 26, 2019. May 6, 2020.
  10. Web site: September 5, 2017. Source: Fertitta buys Rockets for record $2.2B. ESPN.com. September 5, 2017.
  11. Web site: Daniels. Tim. Tilman Fertitta Officially Becomes Owner of Houston Rockets After Sale Closes. 2020-06-29. Bleacher Report. en.