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Michael Gaughan (businessman)

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Michael Gaughan
Born
Michael John Gaughan

(1943-03-24) March 24, 1943 (age 81)
OccupationBusinessman
Known forSouth Point Hotel, Casino & Spa, Coast Casinos
ChildrenBrendan Gaughan
ParentJackie Gaughan (father)
Websitewww.southpointcasino.com

Michael John Gaughan (March 24, 1943 in Omaha, Nebraska) is an American casino owner and operator in Las Vegas, Nevada, who is the owner of the South Point Hotel, Casino & Spa. He is the son of Jackie Gaughan and was the owner of a NASCAR race team, South Point Racing, for which his son, Brendan Gaughan, used to drive. The team was dissolved at the end of the 2007 season.

Biography

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Gaughan won the 1966 Mint 400 race, and continued that interest with South Point Racing which he founded in 1999 and dissolved in 2007.[citation needed]

After many roles in casinos, including various ownership roles, Gaughan opened the Barbary Coast Hotel and Casino in March 1979 at a cost of $11.5 million. That casino, on 4.3 acres (1.7 ha) of land, became the foundation for Coast Casinos.[1] He was instrumental in bringing the Professional Rodeo Cowboys Association (PRCA)'s year-end championship event, the National Finals Rodeo (NFR), to Las Vegas in 1985. He serves on the NFR committee and is a longtime sponsor of the NFR and PRCA. He is also a board member of the National Cowboy & Western Heritage Museum.[2] In 2004, Gaughan sold Coast Casinos for $1.3 billion to Boyd Gaming. In July 2006, Boyd gaming announced that it was selling the South Coast to Gaughan for an estimated $576 million. The casino was built at a cost of $600 million. [citation needed]

Honors

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  • Also in 2017, the ProRodeo Hall of Fame honored Gaughan with its Legend of ProRodeo award.[5]

Michael Gaughan Airport Slots

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Row of slot machines inside Las Vegas airport

Gaughan has been granted the rights to operate slot concession at Harry Reid International Airport under the name Michael Gaughan Airport Slots,[8] operating over 1,300 slot machines in all of the airport's terminals.[9]

Sources

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References

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  1. ^ Ward, Matt (February 19, 2007). "Gaughan are the days ..." Las Vegas Business Press. Retrieved July 7, 2007.
  2. ^ "National Cowboy & Western Heritage Museum Board of Directors". Retrieved August 26, 2022.
  3. ^ "Michael Gaughan in the ProRodeo Hall of Fame". ProRodeo Hall of Fame. Retrieved August 25, 2022.
  4. ^ "The Gaming Hall of Fame". University of Nevada Las Vegas. Retrieved August 30, 2009.
  5. ^ "Michael Gaughan awarded Legend of ProRodeo in 2017". ProRodeo Hall of Fame. Retrieved August 25, 2022.
  6. ^ "PBR honors Michael Gaughan with Jim Shoulders Lifetime Achievement Award". Professional Bull Riders. Retrieved August 26, 2022.
  7. ^ "Jim Shoulders Lifetime Achievement Award". Professional Bull Riders. Retrieved August 18, 2023.
  8. ^ "Michael Gaughan Airport Slots". World Casino Directory. Retrieved March 13, 2009.
  9. ^ "MICHAEL GAUGHAN AIRPORT SLOTS LAS VEGAS". casinozone.com. Archived from the original on December 1, 2008. Retrieved March 13, 2009.