Michael Gaughan hands out more than $1M to employees after tax bill passes

Jan 4, 2018 12:57 PM

South Point Hotel Owner Michael Gaughan, as a result of the passage of the 2018 Trump Tax Reform Bill, has announced he will distribute more than $1 million among the property’s employees.

Gaughan, in a news release, said as part of the contribution, he will double all the employees’ 2017 bonuses in addition to rescinding the price increase for employee health insurance.

“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.”