Michael Gaughan, owner of the South Point Hotel-Casino in Las Vegas, has expanded his casino business by buying the rights to operate two gambling establishments in Colorado. The deal was made by Rocky Mountain Gaming, a company founded by Gaughan and gambling industry veterans David Ross and Joseph Canfora.
The deal involved the purchase of the management rights to Johnny Nolon’s and Colorado Grande casinos located in Cripple Creek near Colorado Springs. Both properties are in the heart of the city’s gaming district, built in the early 1990s. In total, the two casinos offer visitors 400 slot machines.
Commenting anition. Rocky Mountain Gaming believes that the launched facilities in Colorado will be able to fulfill such needs.
80-year-old Michael Gaughan is the son of one of the pioneers of the Las Vegas gambling market, Jackie Gaughan, best known for his position as manager of the El Cortez hotel-casino. Michael has owned the South Point – South Coast property before rebranding – since 2006. He is also known for having exclusive rights to over 1,400 slot machines at Harry Reid International Airport for nearly 40 years