South Point Casino & Spa is very established even without being on the strip. Very family friendly. The owner Micheal Gohn is a very nice man who takes good care of his employees so they can take even better care of his customers. Owns Michael Gaughan's South Point Hotel and Casino (opened 2005 as South Coast with 662 rooms; 688 rooms added in 2006). In 2007, Gaughan started work on a $95 million expansion with 830 new rooms to open in 2008, bringing the total to 2,180 rooms. Jackie Gaughan celebrates his 89th birthday at the El Cortez with showgirls and an Elvis Presley impersonator on Oct. Gaughan is the son and namesake of the owner of the South Point. Vaccaro left his job with William Hill U.S. In 2013 to be reunited with South Point owner Michael Gaughan, the man who gave him his first job way back in 1975 as a dealer at the Royal Inn Casino on the north end of the Las Vegas Strip. The South Point sportsbook was already in great hands with veteran Bert Osborne running the show.
The owner of South Point, Michael Gaughan, has announced that he will be giving employees an extra $1 million this year because of President Donald Trump's tax reform bill.
“Las Vegas has experienced a significant amount of growth over the past few years, and this tax reform will continue to drive the economy for the city,” said Gaughan. “The new bill will have a monumental effect on our economy and, in turn, our property. We want to be sure that our extended family is taken care of.”
He also said that employee bonuses will double this year. In addition, he is rescinding the price increase for employee health insurance.
The amount of money will vary among the property’s 2,500 plus employees. With the additional bonus and insurance combined, it will be approximately $450 per employee.
The South Point is located on Las Vegas Boulevard, a couple of miles south of the Las Vegas Strip. The property is known for its equestrian event facility and also has a multi-million dollar professional bowling tournament facility.
The Gaughan family has been instrumental in the development of Las Vegas. Jackie Gaughan, Michael's father, was an early casino owner and is best known for his ownership of the El Cortez in Downtown Las Vegas. Jackie Gaughan also owned the Las Vegas Club and The Plaza.
Michael Gaughan is also the former owner of a NASCAR team and the South Point remains very involved in racing. The hotel-casino recently announced that it is the main sponsor of the 2018 NASCAR Cup playoff race. Michael is also the operator of the slot machines at McCarran International Airport.
The owner of the South Point Hotel and Casino in Las Vegas, Michael Gaughan, has come out in favor of pending legislation in the Nevada Assembly that would open the first regulated and licensed online poker market in the United States. By making this pronouncement, Gaughan became the first major casino owner to support the legislation in question.
The move by Gaughan comes as a surprise to those in favor of Assembly Bill 258, the legislation proposed by William Horne (D-34th District). The legislation was proposed by Horne back on March 10th and is scheduled for its first hearing in front of the Committee on Judiciary at 8:00am tomorrow. The bill would “enact provisions governing the licensing and operation of internet poker” inside Nevada’s borders and assist the state in curbing a budget shortfall expected to reach $1 billion.
Gaughan cited many reasons for backing the legislation. He believes that passage of AB 258 will enable the state of Nevada to reverse the shortfalls in the budget and curb double-digit unemployment.
Perhaps more important to a businessman such as Gaughan is the opportunity for the state to take the lead when it comes to regulating the online poker industry. “There is no doubt in my mind that online poker and other games are coming,” said Gaughan. “AB 258 would make us a pioneer in the nationwide movement and the leader for the rest of the country to emulate.”
AB 258 is supported by PokerStars and there is language in the bill that would allow companies that have continued to accept American players in alleged violation of the Unlawful Internet Gambling Enforcement Act. Sites like as PokerStars, Full Tilt Poker, and Cake Poker would be eligible to apply for licenses, something that was a major sticking point in recent Federal legislation regarding legalizing and regulating online gaming.
Other text in AB 258 shows how relatively easy it would be for the state of Nevada to set up a regulatory and licensing format. Information provided by the Nevada Gaming Commission shows that, if the bill were passed, it would cost approximately $831,000 to implement the regulatory mechanics. The taxes and regulatory fees that the state’s regulatory agency would collect should, in all likelihood, vastly outweigh these costs.
Other casino owners have not been as quick to embrace AB 258, however. In an article in the Reno Gazette-Journal that appeared shortly after the measure was introduced, Caesars Entertainment – the owners of the World Series of Poker and a multitude of casinos in Las Vegas – came out as staunch opponents of the proposed bill. Jan Jones, Caesars Entertainment Senior Vice President for Communications and Public Relations, stated at that time that the proposed bill was the wrong way to approach the legalization of online poker.
South Point Casino Website
“Our focus is not intrastate, our focus is interstate,” Jones is quoted as saying. “It’s Federal, it’s putting together an American law, an appropriate regulation and licensing regime and taking the jobs and revenues going to foreign companies and bringing it back to America. The internet, by its nature, is an interstate activity, and the rules should be crafted appropriately.”
Also against AB 258 is MGM Resorts International, the ownership group behind such popular casinos as the Bellagio, CityCenter, and Mirage in Las Vegas. An MGM spokesperson told the Wall Street Journal, “You have one company [PokerStars] trying to impose a business model on legislation. We have to eliminate illegal online gambling and crack down on foreign operators that don’t comply with Federal law.”
South Point Casino Owners
Tomorrow morning’s meeting of the Committee on Judiciary in the Nevada legislature will be a pivotal point on the future of online gaming in the state. We’ll keep you posted.