In 2004 he merged his company, Coast Casinos, with Boyd Gaming and became the third largest gaming company in the United States. In 2006 he separated from them. Today he owns the South Point Hotel (formerly the South Coast) and the Las Vegas Airport Slot Concession. Mr. Gaughan has been licensed for gambling operations 20 times in Nevada, three times in Louisiana, twice in Illinois and one time each in New Jersey, Mississippi and Indiana.
He is currently a board member of Las Vegas Events, the National Finals Rodeo Committee, the National Cowboy and Western Heritage Museum in Oklahoma City and the Pro Rodeo Cowboy Hall of Fame in Colorado Springs. Mr. Gaughan also sits on the Foundation Board of the University of Nevada Las Vegas and has taught in the School’s College of Hotel Administration. He is a former board member of the Golden Nugget Corporation (Wynn Resorts), the Las Vegas Convention and Visitors Authority, Valley Hospital of Las Vegas, 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 member and 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 and received UNLV’s Distinguished Nevadan award in 2008. He is also in the National Gambling Hall of Fame, the Nevada Sports Hall of Fame and the Off-Road Racing Hall of Fame. Mr. Gaughan has been the Honorary Squadron Commander for Nellis Air Force Base’s A-10 Weapons School (66th WPS) since 2000 and became an active member of the USAF’s Air Combat Command’s Civil Board in 2008. In 2010 he was nominated and accepted to the Air Force Chief of Staff’s Advisory Board. He is mostly recently credited with building the bowling arena at South Pointe Lanes in Las Vegas, Nev.