Yes it is. I also have a Landry's card and it rocks! When we were there last August, there was quite the line (it took 10 minutes to get up to the podium) and they were telling people it would be an hour wait. I showed my Landry's card and we were seated at the next open table. My sons used it again when they were there in March and although they waited 5 minutes, it sure beat 40.
~ Marci