They eventually compromised on the South Coast. Gaughan said, "I'll straighten this place out. I've kind of been too far removed from it. I've gotten lazy. It's time to go back to work". Boyd believed that the resort was several years away from recouping the company's investment. In addition, Boyd wanted to focus on its upcoming Echelon Place project, as well as a potential North Coast resort. With Boyd retaining Coast Casinos, Gaughan announced that he would rename the property as the South Point. He chose the name because of the minimal number of letters that would have to be changed out on signage. Gaughan took over operations and ownership on October 25, 2006, and the name change became effective immediately. Boyd sold the resort to Gaughan in exchange for shares that he owned in the company, valued at $512 million. In August 2007, Gaughan launched a $95 million, year-long expansion project which included the addition of the third hotel tower. Despite poor economic conditions caused by the Great Recession, Gaughan did not lay off any employees and proceeded with expansions to the property. The third tower was finished in 2008, and a casino expansion was opened two years later. As of 2010, the South Point's clientele was divided between locals and tourists. In October 2011, the South Point launched a free Internet poker website, offering prizes such as a trip to the resort. It was launched in preparation for the possible legalization of money-based poker websites in the future. The following year, the resort received state approval to operate a real-money poker website in Nevada. The website, known as Real Gaming, was eventually launched in 2014. In 2018, the resort began sponsoring the South Point 400, an annual stock car race held in Las Vegas. Gaughan had previously owned a NASCAR team known as South Point Racing. Features The South Point's casino measures . When it opened, the resort included an casino, with 2,400 slot machines, 60 table games, a 600-seat bingo hall, and a 300-seat race and sports book. The South Point is popular for sports wagering. An expansion of the casino was opened in July 2010. It included additional slot machines, a larger poker room, and a redesigned race book, now separate from the sportsbook. It is the only casino in Las Vegas to have separate book facilities, due to a difference in demographics. Gaughan also had