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    Houston Casino Coup

    Tilman buys Trump, plans to pump $100 million into revamping marina casino

    Caroline Gallay
    Feb 14, 2011 | 4:43 pm
    • Trump Marina
    • Tilman Fertitta
      Photo by Shelby Hodge
    • Donald Trump
      Photo by Derek Blair/AFP
    • Golden Nugget

    Tilman Fertitta's Houston-based Landry's Inc. empire has snatched up Donald Trump's Atlantic City Marina Hotel and Casino for a bargain price of $38 million, about a 10th of the offering price in 2008, and plans to convert the ailing resort casino into another Golden Nugget.

    Trump's Trump Entertainment Resorts has been selling a number of properties in an effort to lessen its debt since filing for bankruptcy protection last February.

    Fertitta has plans to invest major funds in the hotel's renovation (Landry's has reportedly spent $300 million improving the Vegas Golden Nugget since acquiring it in 2005), and is planning a major blowout in November or December of this year, with an expected appearance in the property's marina by his 150-foot yacht. All improvements are expected to be complete by the end of 2011.

    When asked about his rumored rave, Fertitta demurred. "Well, we'll see how it goes — hopefully so," he told CultureMap, adding that he expected the company to spend $100 million on renovations to what he calls a "great physical location."

    "You've got to remember, Atlantic City is still the second-largest gaming market in America, and does more than $3 billion [a year] with just 11 casinos, so it really does better than Vegas in terms of money per casino."

    And don't let Jersey Shore's Atlantic City jaunt give you the wrong impression — Landry's new resort destination will reside in the upscale Marina District, near Borgata and Harrah's. The new Golden Nugget will be the only casino in Atlantic City with a full-service marina, and include Landry's famous Vic & Anthony's Steakhouse, among other restaurant brands, bars, lounges and a new spa.

    The purchase is something of a revival for Atlantic City, which continues to re-brand itself as a marketable resort destination. The Golden Nugget brand operated a casino resort there from 1980 to 1987.

    "We're just really looking forward to the Golden Nugget having an East Coast presence," Fertitta said.

    unspecified
    news/real-estate

    income news

    This affluent Houston neighbor is America's 2nd wealthiest suburb

    Amber Heckler
    Sep 3, 2026 | 1:00 pm
    West University Place, Houston, Texas
    City of West University Place, TX - City Government / Facebook
    West University Place is the fourth best suburb for house renters in Texas.

    West University Place has long been considered Houston's richest suburb, and a new study has revealed this affluent enclave has climbed to the top to become the second wealthiest in America.

    The report from GoBankingRates, called "America’s Wealthiest Suburbs Today Compared to 10 Years Ago," tracked the average household income across the nation's 50 wealthiest suburbs from 2014 to 2024. Cities had to have at least 5,000 households and be part of a large metro area to qualify. Income data was sourced from the Census Bureau.

    In the new report, West University Place moved up one spot to become the second richest American suburb after ranking third for two consecutive years. Its current ranking is also two spots higher than where it ranked in 2016, at No. 4 nationwide.

    The findings also confirm that its residents have certainly become richer over time. According to Census Bureau data, West U. households made $294,723 in average income 2014, which has since surged to $439,594 in 2024.

    One more Houston neighbor, Bellaire, also appears among the 50 wealthiest American suburbs. Bellaire now ranks 18th, up from No. 23 last year. Bellaire households made $335,492 on average as of 2024, up from $226,295 in 2014.

    Of course, calling either city a "suburb" is sort of absurd, as the late Ken Hoffman hilariously argued in a 2024 column. "A little research or even a phone call would have told them that neither West U nor Bellaire is a suburb. Both are fully independent cities that are completely surrounded by Houston on all sides," Hoffman wrote.

    Other affluent suburbs in Texas
    Dallas-Fort Worth neighbors University Park, Southlake, and Colleyville are also named among the top 50 wealthiest American suburbs for 2026.

    University Park maintains its elite status as the sixth wealthiest suburb in America for the third year in a row. Households made $407,253 on average in total annual income in 2024, up from $254,422 in 2014.

    Southlake is the country's eighth wealthiest suburb for 2026, up from No. 16 in 2016. Average household income in this bustling city has grown from $232,034 in 2014 to $384,530 as of 2024, for a growth rate of about 66 percent.

    Colleyville, meanwhile, has dropped down the list of the wealthiest suburbs over the last 10 years. It currently ranks 46th but previously ranked 28th in 2016. Average household income in this particular DFW city has increased 35 percent, from $205,828 to $277,720 in 2024.

    The top 10 wealthiest suburbs in America in 2026 are:

    • No. 1 – Scarsdale, New York
    • No. 2 – West University Place, Texas
    • No. 3 – Rye, New York
    • No. 4 – Los Altos, California
    • No. 5 – Paradise Valley, Arizona
    • No. 6 – University Park, Texas
    • No. 7 – Alamo, California
    • No. 8 – Southlake, Texas
    • No. 9 – McLean, Virginia
    • No. 10 – Orinda, California
    incomegobankingrates.comsuburbshouston
    news/real-estate
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