After seven months of operations and one rough month that saw contract cancellations, executive resignations and financial trouble, the Palms Casino Resort in Las Vegas has officially closed its KAOS day and nightclubs, as of Tuesday, Nov. 5.
The news was confirmed to Billboard by Michael Britt, senior vp of government relations and corporate communications for the Palms' parent company Red Rock Resorts.
"While Palms has experienced exceptional growth across both the gaming and non-gaming segments of the business, the expense side of the business has been challenging to date, due in large part to the entertainment and fixed cost structure associated with KAOS," Britt says. "Therefore, we have decided to take some time to reassess the programming and use of those venues going forward. In the interim, we intend to use the venues for private meeting space and special events, in addition to everyday resort pool operations."
The venue opened April 5 of this year with performances by Travis Scott and others. The 100,000 square-foot indoor/outdoor venue included a 360-degree rotating stage. Marshmello and Cardi B were signed on as resident performers, with much news made of the masked DJs $60 million contract. The celebration was short-lived as his contract was canceled by the company about six months after his first set. A number of executives with the company left soon after.