Coast Casinos (originally Coast Resorts) was a locals casino brand in the Las Vegas market competing with Station Casinos. Founded and principally owned by Michael Gaughan, Boyd Gaming announced plans to acquire Coast Casinos in February 2004. The buyout was complete on July 1, 2004, at a cost of $1.2 billion.
Properties Coast Casinos' properties in the Las Vegas Valley at the time of its acquisition by Boyd were:
Barbary Coast Hotel and Casino on the Las Vegas Strip, which opened on March 2, 1979 Gold Coast Hotel and Casino on West Flamingo Road, which opened on December 21, 1986 The Orleans on West Tropicana Avenue, which opened on December 28, 1996 Orleans Arena, which opened on May 25, 2003 Suncoast Hotel and Casino on Alta Drive, which opened on September 12, 2000
South Coast Casino In November 2001, then-Coast Resorts announced that it had acquired a parcel in the southern Las Vegas Valley. Coast planned to begin construction of a locals casino on the property within three years, once housing development picked up in the area. In April 2003, Coast Casinos announced that it would build the South Coast resort on the property, with the opening expected two years later. It would be similar to the company's Suncoast Hotel and Casino. Groundbreaking took place on April 22, 2004. Three months later, Coast Casinos merged with Boyd Gaming. Ultimately, South Coast Casino opened on December 22, 2005.
Early revenue was less than expected, in part because certain amenities had yet to be finished, including a spa and nightclub. Nearby road construction, as well as an unfinished nearby exit from Interstate 15, also hampered the resort. In July 2006, Boyd announced that it would sell the struggling resort to Michael Gaughan. Gaughan subsequently announced that he would rename the property as South Point. He took over operations and ownership on October 25, 2006, and the name change became effective immediately. It now operates as the South Point Hotel, Casino & Spa.
References
External links Coast Casinos website (March 2004) via Wayback Machine