Owner-operator of South Point; gave $1M+ to employees in 2025
Michael Gaughan sold his original Coast Casinos portfolio ([[casino:orleans|The Orleans]], [[casino:gold-coast|Gold Coast]], [[casino:suncoast|Suncoast]]) to [[operator:boyd-gaming|Boyd Gaming]] in 2004, then took over operations of the [[casino:south-point|South Point]] (which Boyd had built as "South Coast") from Boyd in October 2006. South Point is now the largest single-property independent locals casino in Las Vegas — 60-acre campus, 1,200 climate-controlled equestrian stalls, 240,000 sq ft of event space.
Gaughan handed out $1M+ in personal cash bonuses to South Point employees after the 2025 tax bill — a move that drew industry attention.
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