South Point Casino Owner
Michael Gaughan, left, owner of the South Point Hotel and Casino in Las Vegas, and Champion Barrel Racer Sherry Cervi share a laugh during a promotional photo shoot for the National Finals Rodeo. Other Fees at South Point Hotel, Casino, and Spa. Unless otherwise stated, these fees are not mandatory. They only apply if guests choose to use these services. The following fees and deposits are charged by the property at time of service, check-in, or check-out. Refrigerator fee. South Point Hotel, Casino and Spa Owner Michael Gaughan Hands Out More Than $1 Million to Employees After Tax Bill Passes LAS VEGAS – Following the passing of the 2018 Trump Tax Reform Bill, South Point Hotel Owner Michael Gaughan will distribute more than $1.
The Beautiful Point Casino & Hotel. We are located on the North Kitsap Peninsula in Kingston, Washington. Located just 10 minutes from the Kingston Ferry or 15 minutes from Poulsbo. Enjoy the 30 minute ride across the Puget Sound by ferry from Edmonds. Or take the Bainbridge Island Ferry and drive through Suquamish. Brendan Gaughan will put a cap on his 23-year NASCAR driving career by running a four-race NASCAR Cup Series schedule in 2020, beginning with the 62nd Daytona 500 on Feb. 16 at Daytona (Fla.) International Speedway. He will compete for Beard Motorsports, driving the No. 62 Beard Oil Distributing/South Point Hotel & Casino Chevrolet Camaro.
Michael Gaughan, owner of the South Point Hotel and Casino in Las Vegas, has become the first owner of a Las Vegas casino to publicly support a bill that would legalize Internet poker in Nevada. Assembly Bill 258 would allow the Nevada Gaming Commission to regulate and license online gaming. The bill, introduced by Assemblyman William Horne, is the most player-friendly bill ever proposed in the U.S., and is supported by online poker giant, PokerStars.
When the bill was introduced, optimism was quickly stymied by opposition to the bill from casino giant Caesars Entertainment. It figured that other brick-and-mortar casinos would follow Caesars' lead, providing a huge roadblock for the legislation. However, Gaughan's public support for the bill provides a ray of hope that the legislation may yet have a chance.
“There is no doubt in my mind that online poker and other games are coming,” Gaughan said. “AB 258 would make us a pioneer in the nationwide movement and the leader for the rest of the country to emulate.”
Nevada is facing over a $1 billion deficit and a 13.5 percent unemployment rate. Gaughan believes that legalizing Internet poker could add employment opportunities and could bring over $500 million into the state budget.
Most bills that have been discussed in the federal or state governments have included wording that's frustrating even to poker players who long to have legitimacy for their game. The proposal from Sen. Harry Reid last year had a 15-month blackout during which no one in the country would be able to play online. The bill recently introduced in Congress by Rep. John Campbell includes wording that accuses existing operators of illegal activity.
The Nevada bill specifies that it would not discriminate against existing operators like PokerStars and Full Tilt Poker, and that it would authorize the Nevada Gaming Commission to enter into compacts with other jurisdictions where interactive gaming is not prohibited. Initially, this means Nevada could partner with foreign countries that allow online poker. Over time, other states could pass legislation to join the Nevada network and Nevada could become the center of online gaming, just as it is for brick-and-mortar casinos.
Gaughan said he doesn't mind PokerStars and Full Tilt Poker being allowed to participate in a Nevada system.
'I don't think you should eliminate any one group of people,' Gaughan said. 'If you have an open bill, you have an open bill. I hate to see a monopoly on anything.'
Caesars, formerly known as Harrah's, and MGM are in favor of online poker legislation but want it to be passed at the federal level. Gaughan said he supports a state bill because he believes it would be better for the smaller casinos in Nevada.
'The federal bill was pro Harrah's and MGM, and wanted to keep everyone else out,' Gaughan said. 'I don't want the big places to wind up with it, and the little guys can't get it. Pass the bill and let the chips fall where they may. I think a state bill opens it up for everybody.'
Gaughan said he doesn't know if other casino owners will follow in his footsteps, and that he will not lead a lobbying charge in favor of the bill.
'I think it's good for the state,' Gaughan said. 'I don't know how good it will be for me, but I think it will benefit the state. That's why I'm not opposing it. I think others may be mad about it, but I don't care. It won't be the first time I'm at odds with Harrah's.'
PokerNews is monitoring this issue closely and will keep you updated with further developments, so stay tuned for more, and as always, follow us on Twitter for up-to-the-minute news.
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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.
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“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.”
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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.