Only months after a massive, multi-million dollar renovation was completed, Kaos is closing. The dayclub and nightclub located at the Palms Hotel in Las Vegas was not longstanding, either. It opened back in April after its revamping, and is now shuttering its doors a mere seven months later.
Announced just this afternoon, Red Rocks Resorts, Inc. – the parent company of the club – shared the news of its immediate closing is closing immediately. They explained:
“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.”
According to The Las Vegas Review-Journal, Red Rock “reported a net loss of $26.8 million in the third quarter.” This, along with issues with ending Marshmello’s artist residency earlier this year, contributed to the club’s downfall.
Further details have not yet been released. This is a developing story.