Former ‘Baywatch’ babe Pamela Anderson is so excited about her upcoming 40th birthday on July 1 that she has already started celebrations for the big day.

The voluptuous actress partied with her fellow PETA representatives at Sublime restaurant in Fort Lauderdale, Florida, on Tuesday.

Pamela, on whom all eyes were set, insisted, "I think 40 is the new 20.''

''I have no problem with being 40,” the Sun quoted her as saying.

The bash also marked PETA President Ingrid Newkirk's birthday, and the pair jointly blew candles out on a gigantic birthday cake.

Media reports also suggest that Anderson will be given 3 million dollars for her 12-minute role in Las Vegas illusionist Hans Klok's ‘Planet Hollywood Hotel and Casino’ summer show, The Beauty of Magic.

"This is an easy summer gig for Pam - 12 minutes per show, four shows weekly. "She also gets a large suite and the use of a private jet for commuting to her Southern California home at her disposal as part of her magical deal," Contactmusic quoted Vegas insider Michael Politz as saying.

The website also reports that before Anderson got the chance to play Klok’s sidekick, actress Carmen Electra was the magic man's first choice.

However, Electra quit the show when she realised that she was too claustrophobic for some of the illusionist’s stunts.

"Carmen Electra had her sights on a show like this for years but found out she suffers from claustrophobia during rehearsals with Hans Klok," Politz says.