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Posts from July 2013

Two Houston suburbs named among best in Texas for jobs

Posted on July 31, 2013 in

By Craig Hlavaty

Financial website NerdWallet just released a list from the list factory of the 10 best Texas cities for job seekers, and two Houston suburbs made the cut, with League City taking the top spot. Sugar Land came in at number three.

The site ranked the Texas cities by their rate of growth, average salary, and employment numbers by using numbers pulled from the U.S. census to tell us where you should go in Texas to land a job.

NerdWallet recently singled out League City as a great place for young families to thrive. League City’s location to the Gulf, home prices, and family-friendly entertainment options clinched it, coming in fourth on that list.

The site noted that Sugar Land has the highest median income in the top 10, at $50,598. The unemployment rate was 4.7% as of April 2013, according to NerdWallet.

League City mayor Tim Paulissen is excited about his city’s rep for being a paradise for Texas job seekers.

“We are conveniently located between Houston and Galveston, we have a great school district, and there is a strong college presence here,” says the mayor.

Why should people move to League City, Galveston County’s largest city?

“It’s a good place to raise a family and further your career,” he adds.

So if you are in need of a job, maybe you should head on down the freeway to League City. Galveston isn’t too far away, and we hear that there is a Sonic on every corner.

Landry’s expands Golden Nugget brand with Louisiana casino

Posted on July 26, 2013 in

By Shaina Zucker
Houston Business Journal

Tilman Fertitta, owner and CEO of Houston-based Landry’s Inc., is adding another property to his Golden Nugget Casinos brand.  Fertitta announced Thursday plans to acquire a casino in Lake Charles, La., from Las Vegas-based Pinnacle Entertainment Inc. (NYSE: PNK). Golden Nugget will invest $600 million in the project, which is currently under construction and expected to open next year.

The casino, which is on a 242-acre site next door to Pinnacle’s L’Auberge Lake Charles Casino Resort, will be rebranded as the Golden Nugget Hotel and Casino. The deal, which is expected to close by the end of the year, helps satisfy requirements related to Pinnacle’s acquisition of Nevada-based Ameristar Casinos Inc. (Nasdaq: ASCA), which is expected to close in August.  As part of the deal, which includes a $37 million credit to Golden Nugget, Fertitta’s company will pay for all of the project’s development costs up until the closing date of the sale and assume all of the outstanding costs owed on it at that point, Las Vegas Review-Journal reports. Ameristar had invested $213.9 million in the project through June 30, Pinnacle said in a Thursday statement.

The Lake Charles facility, which is about two hours from Houston, will have almost 800 rooms, a golf course, spa, boutiques and restaurants including Vic & Anthony’s Steakhouse and Grotto Italian Ristorante. The casino will feature more than 60 table games, a poker room and 1,600 new slot machines.  “I could not pass up the opportunity to build and operate a casino next door to my hometown,” Fertitta said in a Thursday statement, adding the company plans to “draw from our large South Texas and Louisiana customer base to drive business to our new resort.”