Houston Rockets Owner Fertitta: Jobless Prefer Enhanced Unemployment Benefits to Work

Houston Rockets Owner Fertitta: Jobless Prefer Enhanced Unemployment Benefits to Work


CEO of Landry’s and owner of the NBA’s Houston Rockets Tilman Fertitta said Tuesday on CNBC’s “Power Lunch” that businesses are having a hard time finding enough workers because enhanced unemployment benefits Congress passed to combat the coronavirus pandemic’s impact on the economy are now discouraging out-of-work Americans from taking jobs.

Anchor Tyler Mathisen asked, “What have you learned, and what can the country take away from Texas’s approach to COVID and what Texas has done and experienced?”

Fertitta said, “Well, it’s really amazing, and looking at like the month of April, we’re up 2% in revenue, compared to 19, which is the highest in the nation for all of our business. What’s interesting is New York is down 50%, and yet we have a fewer cases percentage. So everybody criticized Governor Abbott for opening this up last May. We’ve been open. So obviously, it was the right decision,

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