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Pamela Anderson has “no problem” turning 40 on July 1.The former “Baywatch” star - who began her birthday celebrations early by partying with fellow PETA supporters - believes “40 is the new 20.”

Pammie said: “I have no problem with being 40. I think 40 is the new 20.”

The blonde actress, who is an ardent animal rights campaigner, enjoyed a vegan meal at Florida’s Sublime restaurant on Tuesday. She looked stunning in a figure-hugging red dress and all eyes were on the birthday girl as she blew out the candles on her huge cake.

Pammie - who shared her party with PETA President Ingrid Newkirk - was eager to celebrate the landmark birthday with people who share her passion for animal rights. She reportedly turned down several nightclubs who offered to throw a birthday party for her.

Meanwhile, the sexy star is set to receive a reported $3 million for her 12-minute stint in Las Vegas illusionist Hans Klok’s show. Pamela appears as Klok’s assistant in his Planet Hollywood Hotel and Casino summer show, ‘The Beauty of Magic.’

A source said: “This is an easy summer gig for Pammie - 12 minutes per show, four shows weekly.”