Press Releases

Washington, D.C. – In case you missed it, the Las Vegas Review-Journal reported that the South Point Hotel, Casino & Spa will be doubling its 2,300 full-time workers’ bonuses as a result of the recently passed and signed Tax Cuts and Jobs Act, historic tax relief legislation championed by U.S. Sen. Dean Heller (R-NV).

“This is what the Tax Cuts and Jobs Act is all about – making sure hardworking individuals and families get the much-needed break they deserve,” said Heller. “As we continue to witness American companies reward their employees with bonuses and announce plans to hire more workers, it’s important that we don’t lose sight of the real-life impact our tax relief bill will have: extra money in a Nevadan’s pocket to help pay off a bill or loan, be put away for a family vacation, or maybe to help save for their child’s future. This is particularly important at a time when nearly eight in 10 Americans who work full-time are living paycheck to paycheck, Nevadans real median household income is down $7,000 from 10 years ago, and at a time when the cost of housing and childcare expenses continue to skyrocket. I look forward to seeing the positive impact that announcements like this one will have on Nevada’s workers and middle-class families as a result of this new tax relief law.”

                     
South Point owner doubles bonuses for 2,300 full-time workers

Richard N. Velotta and Nicole Raz

Michael Gaughan made sure every employee at the South Point had a Happy New Year.

The owner of the property known for its equestrian roots in the southern part of the city announced Thursday that he’s doubling his 2,300 full-time workers’ bonuses thanks to a $1 million windfall he’ll receive as part of President Trump’s tax reform plan.

“We had a big year and I’m going to save some money with The Donald, so we just doubled the bonus and we dropped the insurance increase for next year,” Gaughan said in a telephone interview.

“We had a good year with the Men’s Open (the United States Bowling Congress World Bowling Championships), a good PBR (Professional Bull Riders) and NFR (National Finals Rodeo),” Gaughan said. “And the local business has come back pretty good, too.”

Gaughan said on average, employees would receive just under $500 each, while some of the higher-compensated workers would get between $700 and $2,300.

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