The notorious nightclub Kaos has officially called it quits in Las Vegas. The short-lived club opened in May, bringing in the biggest names in music such as Cardi B, G-Eazy, Kaskade, Skrillex and more.
According to Red Rocks Resort, co-owner of the Palms hotel, the termination came from "untenable entertainment expenses". In late September, Marshmello dropped his $60 million contract with the club. Kaos reportedly had a $26.8 million net loss in the third quarter.
Red Rocks Report's official statement:
“This afternoon, Red Rock Resorts, Inc. announced the closing of KAOS dayclub and nightclub at the Palms Casino Resort, effective immediately. 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. 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 Palms and Marshmello's management declined to comment on the situation.