Posted on 01/05/2018 8:51:48 AM PST by gubamyster
The owner of South Point, Michael Gaughan, has announced that he will be giving employees an extra $1M 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 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.
(Excerpt) Read more at ktnv.com ...
Thanks to Tax Cuts, Growing List of Companies Announcing Bonuses, Wage Hikes, Charitable Donations
Tax Cuts and Jobs Act Bonus Ticker: At least 932,195 Americans (and counting) will receive special bonuses from their employer thanks to tax reform
Waiting for Nancy to come out and explain how all these good events are really bad .....
Double Christmas bonus and the increase in health insurance co pay frozen!!!! hundreds of new Trump supporters in this vital swing state.
Off topic...Southpoint has a really delicious buffett at a bargain price. TIP: Join the free slot club and save even more by showing your players card when you enter the buffett. Best bargain in Vegas!
Put together your own customized stir fry and a chef will prepare for you in a jumbo wok. Prime rib is always juicy and tender.
Many thanks to the Gaughan family... making America Great Again is a team effort.
HOORAY Michael Gaughan! I’ve stayed at South Point several times. In fact, that’s where I was on election night 2016. Very nice place away from the strip.
Thanks for posting, gubamyster.
Nice...South point is a NASCAR sponsor... His son is a driver...
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