Landry's expects to incur pre-opening costs related to the new restaurant in the second quarter of $900,000 pre-tax. Combined with the interest expense from the acquisition of the T-Rex Café's creator, Schussler Creative, the total amount of pre-tax expense will have a 4-cent per-share impact.

Landry's chairman, president and CEO Tilman J. Fertitta had stated in the past that he wouldn't do a dilutive deal, but the T-Rex deal provides Landry's with two Disney locations. He calls Disney "the gold standard for restaurant location," adding "our existing three Disney locations generate over $80 million in annual revenues."

During the first quarter, Landry's opened six new restaurants including a Joe's Crab Shack in the Golden Nugget--Laughlin, two Saltgrass Steakhouses, the first two Saltgrass Steakhouse units outside of Texas and a Rainforest Cafe on the San Antonio Riverwalk.Revenues for the quarter grew 27% to $357 million, from $281.3 million during the same period last year, but profit fell to $7 million, or 32 cents per share, compared with $7.4 million, or 29 cents per share during the same period last year. Analysts were expecting a profit of 32 cents on revenue of $350.9 million, according to Thomson Financial.