Landry's Restaurants, Inc. Announces Proposed Private Placement of Debt Securities

Landry's Restaurants, Inc. Announces Proposed Private Placement of Debt
Securities

HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Landry's Restaurants, Inc. (NYSE:
LNY) ("Landry's") announced today that it intends to refinance its existing
indebtedness, which currently matures in 2011, and to finance, if consummated,
a portion of the recently announced acquisition of Landry's by Landry's
Chairman, Chief Executive Officer and President, Tilman J. Fertitta, with the
proceeds of a proposed offering of up to $550.0 million of debt, including
newly issued senior secured debt securities issued in a private placement not
registered under the U.S. Securities Act of 1933. This may include an
amendment to the terms of its existing senior secured credit facility to,
among other things, extend the maturity. There can be no assurance that any
of the issuance and sale of any debt securities, the consummation of the
acquisition, or the amendment of the senior secured credit facility will be
consummated.

This press release is being issued pursuant to and in accordance with Rule
135c under the U.S. Securities Act of 1933. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy any of the
debt securities.

About Landry's Restaurants, Inc.

Landry's is a national, diversified restaurant, hospitality and entertainment
company principally engaged in the ownership and operation of full-service,
casual dining restaurants, primarily under the names of Rainforest Cafe,
Saltgrass Steak House, Landry's Seafood House, Charley's Crab, The Chart
House, and the Signature Group of restaurants. Landry's is also engaged in
the ownership and operation of select hospitality businesses, including the
Golden Nugget Hotel & Casino in Las Vegas and Laughlin, Nevada.

Forward-Looking Statements

This press release contains certain forward-looking statements within the
meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of
the U.S. Securities Exchange Act of 1934, which are intended to be covered by
safe harbors created thereby. Readers are cautioned that all forward-looking
statements are based largely on Landry's expectations and involve risks and
uncertainties, some of which cannot be predicted or are beyond Landry's
control. Statements concerning Landry's intention to offer debt securities,
consummate a merger transaction, or amend the terms of its senior secured
credit facility are just a few examples of forward-looking statements. Some
factors that could cause events to differ materially from those discussed in
the forward-looking statements include the inability to identify investors
willing to purchase debt securities of Landry's on acceptable terms; the
occurrence of any event, change or other circumstance that could give rise to
the termination of the merger agreement with Mr. Fertitta's acquisition
company; the outcome of any legal proceedings that have been, or may be,
instituted against Landry's related to the merger agreement; the inability to
complete the merger due to the failure to obtain stockholder approval for the
merger or the failure to satisfy other conditions to completion of the merger,
including the receipt of all regulatory approvals related to the merger; the
failure to obtain the necessary financing arrangements pursuant to the merger
agreement; events that affect credit and capital markets in the United States;
and the unwillingness of the lenders that are party to Landry's senior secured
credit facility to agree to an amendment on acceptable terms. Additional
factors that could cause events to differ materially from those described in
the forward-looking statements can be found in Landry's Annual Report on Form
10-K for the year ended December 31, 2008 and in Landry's other filings with
the Securities and Exchange Commission (the "SEC") available at the SEC's Web
site at http://www.sec.gov. Landry's may not update or revise any
forward-looking statements made in this press release.

SOURCE Landry's Restaurants, Inc.

Steven L. Scheinthal, Executive Vice President & General Counsel, or Rick H.
Liem, Executive Vice President and CFO, both of Landry's Restaurants, Inc.,
+1-713-850-1010