|Michael Gaughan was born in Omaha, NE on March 24, 1943 and has been a Las Vegas resident since 1952. He graduated from Bishop Gorman High School in 1961, graduated from Creighton University in 1965 with a BSBA in Accounting and received his MBA in Labor Relations from the University of Southern California in 1967.
In 1965 Mr. Gaughan became an owner and ultimately the casino manager of the El Cortez Hotel. This ended in 1972 when he opened the Royal Inn Casino. After selling the Royal Inn, Mr. Gaughan built the Barbary Coast Hotel, the Gold Coast Hotel, the Saint Louis Casino Queen Riverboat, the Orleans Hotel, the Suncoast Hotel and the South Point Hotel Casino and Spa.
Mr. Gaughan was the Chief Executive Officer of Coast Hotels and Casinos, a Boyd Gaming subsidiary. Today he owns the South Point Hotel, Casino and Spa, the McCarran Airport Slot Concession and the Casino Queen.
He is currently a board member of Las Vegas Events, the National Finals Rodeo Committee, Valley Hospital of Las Vegas and the National Cowboy Hall of Fame in Oklahoma City. Mr. Gaughan also sits on the Foundation Board of the University of Nevada Las Vegas and had taught in the school's College of Hotel Administration. He is a former board member of the Las Vegas Convention and Visitors Authority, the Hotel Employees and Restaurant Employees International Union Welfare Fund, the Southern Nevada Culinary and Bartenders Pension Trust and the Las Vegas YMCA. He is also a former Chairman of the Nevada Resort Association.
He has been honored as "Man of the Year" for Bishop Gorman High School, Creighton University, Temple Beth Shalom and UNLV's School of Business. In 2007 Mr. Gaughan was inducted into the Pro Rodeo Hall of Fame.