TGI Fridays closes last four Las Vegas locations after bankruptcy filing

thesun.co.uk February 3, 2025, 10:00 PM UTC

TGI Fridays has closed its last four locations in Las Vegas following its bankruptcy filing in November. This closure is part of a larger trend, as the chain shut over 100 restaurants in 2024 due to financial struggles linked to the pandemic. The recent closures include restaurants within casinos, which TGI Fridays operated directly. The company aims to reorganize under Chapter 11 to address its debts and ensure long-term viability. Currently, only 125 TGI Fridays locations remain, a significant drop from its peak of 601 in 2008. The chain's sales have also decreased sharply, falling to $728 million in 2023.


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