The name recalls the Landgut, a well-known 19th-century amusement venue.
Since 1981 ‘Altes Landgut’ (old country estate) has been the official name of the Favoriten traffic roundabout. It recalls a former military brickworks that Leander Prasch bought in 1834 and turned into the Casino im Landgut, with music, dancing and a giant swing. Later an inn and factories, its buildings vanished soon after 1901 – some distance from today's station.