who owns the south point hotel and casino
South Point Hotel, Casino & Spa The South Point Hotel and Casino consists of a 24-story hotel tower, casino and 90,000 square feet (8,400 m2) convention center located on a 60 acres (24 ha) site along Las Vegas Boulevard in Enterprise, Nevada and adjacent to Silverado Ranch. The casino is owned and operated by Michael Gaughan and it serves as the primary sponsor of Gaughan's son Brendan Gaughan's race car.
History of Las Vegas The "Mafia/Rat Pack" Las Vegas of the mid-20th century came to a gradual end in the 1980s with the aging out of the World War II generation, the decline of organized crime elements, and the rise of baby boomer entrepreneurs who began a new chapter in the city's history, the so-called megaresort era. Las Vegas began to become a more commercialized, family-oriented place with large corporations coming to own the hotels, casinos, and nightclubs in place of Mafia bosses. The megaresort era kicked off in 1989 with the construction of The Mirage. Built by developer Steve Wynn, it was the first resort built with money from Wall Street, selling $630 million in junk bonds. Its 3,044 rooms, each with gold tinted windows, set a new standard for Vegas luxury and attracted tourists in droves, leading to additional financing and rapid growth on the Las Vegas Strip. Numerous landmark hotels and other structures were razed to make way for ever-larger and more opulent resorts including: